Looking to get a bit longer on the bailout than your status of a taxpayer has you already? Never fear, qualified purchaser. Despair not, accredited investor. We have got the deal for you. You heard it was coming. Now it is almost here!
The U.S. government plans to invite wealthy investors to invest in the bailout of the crippled financial system, The Washington Post reported on Friday.
The investors would be invited to buy up recently issued, highly rated securities that finance consumer lending -- without the risk of massive losses, the report said.
Now is definitely the time to buy. Just look at how cheap QGRI has gotten.
U.S. to invite wealthy to invest in bailout: report [Reuters]