{"id":191734,"date":"2009-06-30T17:50:00","date_gmt":"2009-06-30T22:50:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/06\/30\/talk-about-regulatory-capture\/"},"modified":"2009-06-30T17:50:00","modified_gmt":"2009-06-30T22:50:00","slug":"talk-about-regulatory-capture","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/06\/30\/talk-about-regulatory-capture\/","title":{"rendered":"Talk About Regulatory Capture"},"content":{"rendered":"<p>Remember those bank warrants we got for TARP money?<\/p>\n<p>Well <a href=\"http:\/\/baselinescenario.com\/2009\/06\/29\/no-way-out-treasury-and-the-price-of-tarp-warrants\/\">Timothy <span>Geithner<\/span> and His Evil Minions<sup>\u2122<\/sup> want the banks themselves to set the price<\/a>, at least initially:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>The Treasury Department said the banks will make the first offer for the warrants. Treasury will then decide to sell at that price or make a counteroffer. If the government and a bank cannot agree on a fair price for the warrants, the two sides will have the right to use private appraisers.<\/p><\/blockquote>\n<p>If you want a fair price, <span style=\"font-weight: bold;\">put them out for public bid<\/span>.<\/p>\n<p>This is just <span style=\"font-weight: bold;\">another<\/span> backdoor payout to the investment banks.<\/p>\n<p>First, we overpay for the warrants, and now, we sell them back at less than their value.<\/p>\n<p>The hole damn system is corrupt, and the bank bailout needs to be pursued as a criminal investigation, not as a crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remember those bank warrants we got for TARP money? Well Timothy Geithner and His Evil Minions\u2122 want the banks themselves to set the price, at least initially: The Treasury Department said the banks will make the first offer for the warrants. Treasury will then decide to sell at that price or make a counteroffer. If &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,985],"tags":[],"class_list":["post-191734","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191734"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=191734"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}