The US Government’s (Timothy Geithner’s) plan to structure a federally overseen “Bad Bank” is a terribly misguided notion. Taking toxic assets moving them from one place to another doesn’t change anything other than sustaining the careers of corrupt and greedy executives with $1400 wastepaper baskets.
The same goes with the GM bailout. I think Toyota would [...]

…Truth.
According to the kind Hindu fellow that sits beside me. Check this if you don’t know what I’m referring to.
The Structured Credit world has its share of ill conceived or just plain ironic names as well. Here are a couple of my faves:

High-Grade Structure Credit Strategies Enhanced Leverage Fund (A Bear Stearns concoction, not surprisingly.)
Absolute [...]