"How will shuffling the crappy debt of broke (European) countries from broke banks into a leveraged 'special purpose vehicle' ultimately backed by the taxpayers of broke and nearly broke countries solve anything in the longer term?
This came from an article titled, "You Think the Economy's Bad? You Haven't Seen Anything."
Meanwhile, private equity underwriters (PEU's) look to burnish their websites to burnish their image, still lackluster after all those billions. PEU's can buy Congress but the public knows their distinct odor.
PEU affiliates get loaded down with interest expense and new management fees. That generally comes out of two hides, payments to Uncle Sam's Treasury and employee backsides.
While billionaires can buy PR, they can't make a skeptical public believe dung is perfume. Bean up...
