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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (16606)	1/23/2009 6:44:22 PM
From: Real Man	Read Replies (2) \| Respond to of 71452

Been a hot rumour on the Street. <g> latimesblogs.latimes.com The new T-secretary just denied it. Doesn't mean it won't happen, thou -g- marketwatch.com; The agency is also looking at other possible proposals to stabilize the economy, including one that would employ Fannie Mae and Freddie Mac to offer new mortgages with subsidized rates as low as 4.5%. He sidestepped questions about whether the Treasury Department would consider creating a government-backed institution that would buy and hold banks' bad mortgage securities, a prospect many regulatory onlookers have speculated he is contemplating. "I am considering a range of ideas and initiatives to restore stability to the financial system," Geithner said. He also rejected the idea that the Treasury Department would consider nationalization of financial institutions. "Encouraging private investment in our banks and drawing private capital that is now on the sidelines is critical to ensuring that our financial institutions are stable and that our capital markets can return to more normal and healthy functioning," Geithner said.