Now Obama Administration Believes Banks Are Great Investment

Apparently the Obama Administration believes so strongly that the bank assets are undervalued (or will be if banks are forced to sell at rock bottom prices that the Public-Private Partnership is pushing) that ordinary investors should be allowed to purchase a piece of the action themselves.

The idea is that these investments, akin to mutual funds that buy stocks and bonds, would give ordinary Americans a chance to profit from the bailouts that are being financed by their tax dollars. But there is another, deeply political motivation as well: to quiet accusations that all of these giant bailouts will benefit only Wall Street plutocrats.

The administration seems to have forgotten (or more likely, are well aware of) one minor detail: the TARP funds given to banks are huge boons to the U.S. treasury with almost zero risk. To suggest that the money given to banks is going to cost the taxpayers a dime is a flat-out lie.