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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (465648)	3/22/2009 8:31:59 PM
From: bentway	Read Replies (1) \| Respond to of 1574127

Why Are We Still At This? talkingpointsmemo.com "Following up on the reviews of Tim Geithner's latest plan, why do we keep coming back to this idea? The modalities are different. But fundamentally it's a different twist on the original TARP idea -- use government muscle (either in dollars or guarantees) to buy the 'toxic assets' from the banks at prices pretty close to the high prices the banks want to believe they're worth rather than the much lower prices that a lot of economists (and let's remember, the market) say they're worth. So, if it's such a bad idea, why do we keep coming back to it. I posed this question to Joe Stiglitz back in early February. And this is what he said ..." (VIDEO)