Further Thoughts On TARP

First of all, should it now be called "CARP"? (Consumer replacing Troubled. This suggestion from Brian Sullivan of Fox Business News.) Following Dan’s comments this morning on the news of official changes to TARP, I’ve got a few comments collected from various panels, conversations and questions at the conference I’m attending. -Why is TARP requiring a private investment before a company qualifies? Well, it’s a way to validate the public investment, one person said. Having a third party investment thesis validates the business’s existence and worthiness of government money, essentially. “That was even true prior to WaMu,” one person said. -Isn’t there a chicken & egg issue there? Possibly. It's also possible ...

ManagersNorth AmericaUS