Tuesday, March 24, 2009

Who will profit from PPIP?

According to CBS MarketWatch,

"Representatives of Pimco, BlackRock Inc. and Colony Capital all told MarketWatch that their companies intend to offer their services to work on the effort." Other firms lining up at the trough:

Goldman Sachs
Wellington Management Co.
Och-Ziff Capital Management
Fortress Investment Group
Avenue Capital Group
Marathon Asset Management
King Street Capital
Blackstone Group

What is needed is new perspective, new ideas, new ethics. Sadly, these are all in short supply at the firms listed above.

One thing is certain. You will not profit. You will, however, be left with the bill.