Money Managers to Manage Mortgage Maladies

But they aren't going to get around to YOU and YOUR TROUBLES until SPRING, Amurkns! Aren't you glad you have BAILED EVERYONE ELSE OUT, 'murkn?

What do you think their FEE will be?

"Fed taps top money managers; Plan to purchase $500b in securities expected to keep mortgage rates down" by Bloomberg News | December 31, 2008

WASHINGTON - The Federal Reserve chose BlackRock Inc., Goldman Sachs Asset Management, Pacific Investment Management Co., and Wellington Management Co. to manage a $500 billion purchase of mortgage-backed securities it plans to complete by June....

First of all, WHERE is THAT $$$ coming from, because it is not in the "bailout," and secondly, why are the SAME GUYS who are PART of the PROBLEM now in charge of seeing how the $$$$ is spent?

Oh, Amurka, did you ever get took!

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