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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (52484)	3/22/2009 10:39:24 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

The TARP failed to achieve its desired objectives. The banks are not very co-operative. Buying up of toxic assets will not help either I think. Obama has done everything that has caused some Republicans to brand him a communist. I wonder why does he not goy all the way and take over the banks and get money flowing again before he decides to bail them out again by buying their toxic assets. ============================= Obama's toxic assets plan greeted with skepticism Skeptics worry that Obama's plan to buy up banks' toxic assets won't get credit flowing soon Mark Williams, AP Business Writer Sunday March 22, 2009, 6:39 pm EDT The Obama administration's latest plan to help banks get credit flowing again is drawing a tepid reaction from investors and academics, who say the proposal comes with too many strings attached and is unlikely to stimulate lending industrywide. ...contd at finance.yahoo.com