Visualizing The Triumph Of Hope Over Reality | Zero Hedge
Visualizing The Triumph Of Hope Over Reality | Zero Hedge:
Remember when we talked about how TARP implicitly made risky funds safe by bailing out the banks? (After all, if we bailed them out for screwing up this time, then surely we’ll be able to bail them out next time.) Well, as was predicted by many a person with sense, the risky and fairly terrible assets on the market have been tanking the *real* value while our government waves a hand and says ‘all is well here.’ And the market believes them.
All is not well.
