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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (182739)	2/10/2009 10:31:31 AM
From: coug	Read Replies (1) \| Respond to of 306849

Yeah!! re:"Get with the program" Same ole, same ole...And people still have faith in Obama..:( Got this off of Mish's blog.. Shows who's the puppet and who's the pupeteer. :( """The New York Times is reporting Geithner Said to Have Prevailed on the Bailout. The Obama administration’s new plan to bail out the nation’s banks was fashioned after a spirited internal debate that pitted the Treasury secretary, Timothy F. Geithner, against some of the president’s top political hands. In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials. On Monday evening, new details emerged after lawmakers were briefed on the plan. It intends to call for the creation of a joint Treasury and Federal Reserve program, at an initial cost of $250 billion to $500 billion, to encourage investors to acquire soured mortgage-related assets from banks. globaleconomicanalysis.blogspot.com