The Real Housewives of Wall Street

[theHypocrite]

But if you want to get a true sense of what the "shadow budget" is all about, all you have to do is look closely at the taxpayer money handed over to a single company that goes by a seemingly innocuous name: Waterfall TALF Opportunity. At first glance, Waterfall's haul doesn't seem all that huge — just nine loans totaling some $220 million, made through a Fed bailout program. That doesn't seem like a whole lot, considering that Goldman Sachs alone received roughly $800 billion in loans from the Fed. But upon closer inspection, Waterfall TALF Opportunity boasts a couple of interesting names among its chief investors: Christy Mack and Susan Karches.

Christy is the wife of John Mack, the chairman of Morgan Stanley. Susan is the widow of Peter Karches, a close friend of the Macks who served as president of Morgan Stanley's investment-banking division. Neither woman appears to have any serious history in business, apart from a few philanthropic experiences. Yet the Federal Reserve handed them both low-interest loans of nearly a quarter of a billion dollars through a complicated bailout program that virtually guaranteed them millions in risk-free income.

The Real Housewives of Wall Street | Rolling Stone Politics

[Pete]

Damn democrats!

[Dakota (Premo)]

I posted this article a few weeks back... excellent article.

[theHypocrite]

Originally Posted by Dakota

I posted this article a few weeks back... excellent article.

thx but this kinda thing needs a spotlight

this is NOT a Republican or Democrat issue but how the class warfare is truly waged