By the end of this week, I hope to sign the Paulson-Pelosi-Dodd-Schumer Financial Security and Saving the Children Act of 2008.
This act will create a new, taxpayer backed investment vehicle which is comprised of assets purchased from struggling financial institutions.
The new asset class, in recognition of its long term value to the American taxpayer, will be entitled the "Secure Housing Investment Trust"."
Nice acronym.