Friday, October 31, 2008

Dining at the Taxpayer Buffet

It was probably inevitable given the allure of $700 billion, but the speed with which the business and political classes are lining up for a stake from the Troubled Asset Relief Program (the Tarp) is still remarkable. It's as if they think the taxpayers have graciously laid on a buffet and anyone seeking cheap capital can tuck in.

Everyone wants a piece of this pie, with cherries and whipped cream on top.

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