TARP – an ongoing criminal enterprise?

That’s what some people, including federal investigators, are thinking. I don’t know much about that, but I do think that all this federal bailout money is ultimately good for the Greenwich real estate market because sharp people everywhere are quickly figuring out how to make billions from this tidal wave of loose funds. And sharp financial types tend to end up buying in Greenwich. In case that’s not enough to stir up hope, consider Obama’s upcoming cap and trade system that’s going to save the world. Trillions and trillions of dollars are going to be squeezed from consumers and guess, just guess, who (besides the government) will end up with those dollars? That’s right, and they’ll be coming our way. With all that, plus the double digit inflation that will soon arrive, I thik Greenwich prices are going to start looking healthy  again in just a few more years. Of course the country will be going to hell, but do we care?

UPDATE: We have Wall Street, Italy has the Mafia, and the latter is flourishing in the midst of the financial meltdown. I’m not comparing our fiancial system with the Mafia but, they each share the sanguine attitude of Tammany Hall’s George Plunkitt, who explained, “I didn’t steal nuttin’ – I just seen my opportunities and I took ’em.”


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7 responses to “TARP – an ongoing criminal enterprise?

  1. Front Row Phil

    Chris — Thank you for connecting the dots between TARP and Greenwich real estate. Now please connect them w/re: to the potential swine flu pandemic (truely Montzuma’s revenge). Also, to all this hooey over waterboarding. I know those events must have some impact on local real estate — everything does — but I’m not sure what it is.

  2. anthonyfountain

    Yep, and those new arrivals, flush with their crisp bills, will make the Antares kidz look like the Cabots and Lowells of Boston.

    I can’t wait to see the new bumper pool room at the Round Hill Club!

  3. Walt

    So all that counts is what is good for Greenwich real estate? Right Chris? RIGHT???
    If anyone needs further proof you have transfered to the Dark Side, after the evil GAR princess made you poop your pampers (if you were smart enough to take my advice and wear them, you dim bulb) I don’t know what to say.
    Anyway, your trusted team at FGG is working day and night on how we can monetize TARP. You and your customers (only accredited investors!!! cause they are “sophisticated” and understand the risks) can participate in a sole purpose alternative investment vehicle (what is that – a Ford?) which will capitalize on this once in a lifetime opportunity. And because I like you, and you need all the help you can get, I will pay you a finders fee. So get out there my commission hungry buddy.
    OFF TO LUNCH!!!!!
    Your Pal,

  4. Walt

    FOUNTAIN….YOU MAGNIFICENT BASTARD!!! (Patton – one of my fav’s)
    No way this swine flu is accidental. What better way to jump start Greenwich real estate? Everyone floods from the city, looking for 4 acre zoning. Brilliant I say!!!
    Your Pal,

  5. anonymous

    Swine flu is kinda irrelevant to most who live in middle-income suburbs in US; commute via private automobile; and have no need/desire to travel to Third World or even inside US’ decrepit cities or mass transit anyway….not much unlike HIV or HepC or street crime

    • christopherfountain

      I’m not fretting over swine flu, anon, but if a real bio-hazard arrives, I wouldn’t be so confident that it will remain a third world problem. Someone jets over here from there, infects a few subway riders, happy Greenwich commuter is infected, travels home, infects his kids, who infect their schoolmates, who infect their parents and voila! 3rd world problems, right here in the bosom of prosperity and all without any of us having travelled to icky places like Guandorantuku. Have germs will travel, so to speak.

  6. pulled up in OG

    Latest CDC alert warns soccer moms of high risks associated with “Lower-latitude lawn care workers” fogging backyard play areas with leaf blowers.