Sunday, March 22, 2009

The Government and the Private Sector... Cooperating?

After the approval of a 90% tax on bonuses, it looked as if the Obama Administration wanted to be a foe to the private sector as opposed to being an effective facilitator. However, it looks like Tim Geithner's plan will involve incentives for the purchase of assets, with the federal government shouldering a portion of the risk. 

Participating firms would be exempt from any pay caps.

Bravo Tim.

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