{"id":191987,"date":"2009-05-27T23:04:00","date_gmt":"2009-05-28T04:04:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/27\/regulatory-arbitrage\/"},"modified":"2009-05-27T23:04:00","modified_gmt":"2009-05-28T04:04:00","slug":"regulatory-arbitrage","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/27\/regulatory-arbitrage\/","title":{"rendered":"Regulatory Arbitrage"},"content":{"rendered":"<p>Remember the PPIP program, where the US government is going to subsidize the purchase of financial toxic waste in an attempt to clear out banks&#8217; balance sheets?<\/p>\n<p>Well, <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601110&amp;sid=a7AzXva43zwk\">Sheilah Bair just said that banks will not be allowed to purchase their own toxic assets<\/a>, which is a good thing, as it it turns the program into little more than a corrupt subsidy program to shake down the taxpayer&#8230;..Make than an <span style=\"font-weight: bold;\">even more<\/span> corrupt subsidy program to shake down the taxpayer.<\/p>\n<p>If you had told me 18 months ago that the most responsible member of Obama&#8217;s economic team would be a Bush holdover, I would have wanted whatever it was that  you were smoking.<\/p>\n<p>H\/T <a href=\"http:\/\/www.calculatedriskblog.com\/2009\/05\/banks-lobby-to-game-ppip.html\">Calculated Risk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remember the PPIP program, where the US government is going to subsidize the purchase of financial toxic waste in an attempt to clear out banks&#8217; balance sheets? Well, Sheilah Bair just said that banks will not be allowed to purchase their own toxic assets, which is a good thing, as it it turns the program &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-191987","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\/191987"}],"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=191987"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191987\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}