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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (452452)	1/30/2009 11:33:51 AM
From: bentway	Read Replies (2) of 1574489

Obama thinks bank losses will cost $2 trillion Suzy Jagger in New York President Obama is preparing to spend a further $2 trillion bailing out Wall Street as part of an ambitious plan to force America's financial institutions to resume lending. Mr Obama, Tim Geithner, the Treasury Secretary, Ben Bernanke, the Chairman of the US Federal Reserve, and Sheila Bair, the head of the Federal Deposit Insurance Corp (FDIC), discussed plans at a meeting on Wednesday to increase the size of the Troubled Asset Relief Programme (Tarp) and buy or underwrite up to $2 trillion (£1.4 trillion) of bad Wall Street debts. business.timesonline.co.uk

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