cnbc.com - 2/9/2009
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The Obama Administration's new bank bailout plan is expected to include a new form of "bad bank" that would essentially combine public and private resources to take bad assets from banks' books, sources told CNBC. In addition, funding for the bank-rescue plan is unlikely to exceed the $350 ...
nakedcapitalism.com - 2/10/2009
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nakedcapitalism.com —
That one word assessment of the Geithner plan,
as previewed in the New York Times tonight, comes
from reader Scott, and is good enough to print. I am so disgusted with this entire proceeding that I am going to dispatch it quickly. Let's start with ...
(more)
Geithner Bank Bailout Plan: Fiasco
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CNBC: 'Bad Bank' Plan Is Dropped
Calculated Risk —
From CNBC: 'Bad Bank' Is Dropped From Financial-Rescue Package The Obama administration’s wide-ranging plan to stabilize the financial system no longer includes creating a "bad bank" but will still contain measures to encourage private firms to buy up toxic assets from financial institutions ... The latest version of the plan no longer addresses any immediate aid to insurance companies with thrift units that have applied for capital injections under the existing TARP. ... In a statement Monday, the Treasury said that senior officials from Treasury, the ...
Obama Press Conference Thread
Open Left - Front Page —
... In addition to questions on the jobs package (aka, stimulus), expect some questions on TARP (aka, the bailout). Tomorrow morning, Treasury Secretary Geithner will unveil a new plan, of some sort: ...
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CNBC: 'Bad Bank' Plan Is Dropped
calculatedriskblog.com 2/9/2009 — From CNBC: 'Bad Bank' Is Dropped From Financial-Rescue Package The Obama administration’s wide-ranging plan to stabilize the financial system no longer includes creating a "bad bank" but will still contain measures to encourage private firms to buy ...
Bad bank bafflement
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NY Times: Bank Bailout Plan Details
calculatedriskblog.com 2/10/2009 — From the NY Times: Geithner Said to Have Prevailed on the Bailout . According to the NY Times, the plan includes: [T]he creation of a joint Treasury and Federal Reserve program, at an initial cost of $250 billion to $500 billion, to encourage ...
How to set up a new ‘good bank’
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