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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (455358)2/10/2009 5:18:26 PM
From: tejek  Read Replies (2) of 1576995
 
Not good news.......Geithner needs to figure out where his plan is lacking, get it tightened up and then he has to go out and sell it.

LIBOR Uptick Shows Uneasiness With Geithner's Plan

By Tony Crescenzi

Indications are that LIBOR will increase at tomorrow morning's setting by the British Bankers Association, an indication that money market investors believe details of Treasury Secretary Geithner's financial stabilization plan were lacking.

Three-month LIBOR looks likely to increase by at least 5 basis points at tomorrow's setting from Tuesday's setting of 1.222%. If it does, it would put three-month LIBOR at its highest since Jan. 8. The rate would not necessarily be high -- the low for the move was 1.0825% on Jan. 14 and last year's high was 4.82% -- but it would show that the recent intensification of concerns about banks have not been alleviated by either the prospect of massive fiscal stimulus or Geithner's stabilization plan.
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