Public Private Investment Program May Be Over Already

May 28, 2009

US (ChattahBox) – According to a report by CNBC, the Public Private Investment Program proposed by the Obama Administration may be having a little trouble finding it’s footing.

According to the report, the Public Private Investment Program, a $1 trillion-dollar plan to buy toxic assets from failing banks, may be over before it really begins. This is due to a number of changes that have been made over the course of the proposal itself, which offers a lot to argue about, but little resolution.

The biggest problem is the fact that anyone investing in these assets, be they members of government or just common investors, will have limitations placed on the amount of compensation possible from the profits. This is whether you have any strikes against you or not.

While it is a move that makes sense, given what got us here in the first place, it is one that has been met with many angered shouts from those who stand to gain the most from this act of privatization.

Capitalism at work, my friends.


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