Henry Blodget, via Jorn Barger:
How To Make The World’s Easiest $1 Billion
With all the banks paying back the TARP money, some folks are assuming that the great Wall Street bailout is finally coming to an end.
But of course it isn’t!
Taxpayers are still guaranteeing all big bank bonds (Too Big To Fail) and subsidizing huge bank earnings and bonuses with absurdly low interest rates.
But instead of bellyaching about it, you might as well just smile and cash in. After all, that’s what Wall Street’s doing.
So here’s how to make the world’s easiest $1 billion: click