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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (45415)	1/18/2009 6:40:13 AM
From: elmatador	Respond to of 219913

How Obama will distribute the remaining 50% of the TARP."Obama Bank Rescue May Make New Effort to Resolve Toxic Assets" bloomberg.com The Republicans doled out, quickly, 50% of the money to their banking friends, 50% remained for Obama to distribute. He will back up municipalities (guranteed votes and support) which have not seen any money to 50% doled by Republicans. “It may be distasteful but we need to put more money in the banks.” says IMF. ELMAT: No one said that to us in the 80s debt crisis. They said: "You pay or you go down the drain!" Obama is set to take office on Jan. 20 and his advisers have been working to craft a comprehensive blueprint for overhauling the bailout. Summers, speaking to business executives on a recent conference call, said that the new administration wanted to have its financial recovery plan work in tandem with the $825 billion economic stimulus it proposed. Make no mistake: The only money that will percolate into the US economy will be that part that will go to the municipality, which will allow them to avod bankruptcy and the banks start lending again to them. It will be necessary the new money that $825 to come out for the infrastrcuture and such to make a dent in the recession.