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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (189625)3/9/2009 2:27:44 PM
From: MulhollandDriveRead Replies (2) of 306849
 
the incompetence continues unabated...hopefully its priced in:

Geithner to postpone details AGAIN ; more tax issues

"Geithner, With Few Aides, Is Scrambling"
Quote:
Administration officials say they are postponing their plan to produce a detailed road map for overhauling the nation’s financial regulatory system by April, in time for the Group of 20 meeting in London. Though officials say they will still develop basic principles in time for the meeting, the plan will not include much detail.

Treasury officials are also still scrambling to decide details of their plan to buy up as much as $1 trillion in toxic assets from the nation’s banks, one month after being widely criticized for presenting a plan that lacked any specifics on how it would work... the White House has become so worried about potential tax problems and other issues in the backgrounds of candidates that it has nominated only a handful of people...One of the few areas in which the Treasury has increased its staff is the all-important Office of Financial Stability, which ran the $700 billion financial rescue plan during the Bush administration. But that is because the Bush administration had hired almost 100 staff people by the time of Mr. Obama’s inauguration.

nytimes.com.
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