Thursday, March 5, 2009

TALF + Smart Money = Possible Success

"March 5 (Bloomberg) -- Billionaire investor Wilbur Ross said his firm will probably participate in a new U.S. Federal Reserve program that seeks to channel $1 trillion into securities backed by consumer debt.

“A lot will depend on the actual arithmetic and actual offerings they come up with,” Ross, chairman and chief executive officer of New York-based WL Ross & Co., said today in an interview. “But in principle I think it addresses the requirements we think it should address.” "

One time Lee. I do mean possible, though.

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