Monday, March 23, 2009

TALF quote of the day

From Tim Melvin at RealMoney;

"My bet? The hedgies and institutions tweak their models and come up with a way to rip the face of the banks and taxpayers and walk away with the bulk of the money."

There is a lot of money to be made from this public/private gambit. The dark underbelly of the above way of of thinking and quote is that if someone is making money, it's a good thing to some people. In totally amateur-hour fashion, higher prices are making me feel better about things.

The market today was a short killer.

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