tpmmuckraker.talkingpointsmemo.com - 2/10/2009
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Timothy Geithner's speech laying out the Treasury's plan for bailout 3.0 struck us as devoid of key details that might have settled some of the uncertainty and confusion surrounding the Obama administration's approach.
That's how it struck Simon Johnson, the former chief economist for the ...
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
huffingtonpost.com - 2/10/2009
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huffingtonpost.com —
Administration officials were greeted with sarcasm and laughter
Monday night when they briefed lawmakers and congressional staff
on Treasury Secretary Tim Geithner's new financial-sector bailout project, according to people who were in the room. ...
(more)
Administration Officials Met With Laughter At Bailout ...
cnbc.com - 2/10/2009
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cnbc.com —
US stocks fell sharply Tuesday in a broad-based
decline as the government announced details of its latest
bailout plan. The Dow Jones Industrial Average was down nearly 300 points after Treasury Secretary Tim Geither revealed details of the ...
(more)
Stocks Tumble as Bailout Plan Is Unveiled - Market ...
Comments
Blog Reactions
Thud
The Reaction —
... and economists across the land are unimpressed with today's unveiling of the Obama/Geithner bank bailout plan. I guess taking the vague and incestuous Bush/Paulson plan and making it vaguer and more incestuous was not the best idea in the world. ...
Unwelcome uncertainty
Political Animal —
... to the plan, there's apparently one point of agreement: Geithner still hasn't actually outlined a concrete plan. He has some ideas, some beliefs, and a few good things to say about transparency, but the Treasury Secretary's speech was supposed to answer questions. Instead, it raised quite a few. Krugman sounded cautiously optimistic, but conceded he doesn't "really know" what the plan is. That's a surprisingly common sentiment -- Simon Johnson, the former chief economist for the IMF, said , "This is not a plan. In the annals of plan-announcing, this is very vague." Johnson ...
Mike's Blog Roundup
Crooks and Liars —
TPMMuckraker: Ex-IMFer on Geithner's speech: "This is not a plan." Economists are scratching their heads
Newshoggers: The headline reads: "Obama must do more to get GOP on board." Why should he?
Marginal Revolution: There is more of a consensus on the fiscal stimulus amongst economists than the current debates in the media, and the blogosphere, might imply.
Show Me Progress: "War of Northern Aggression"? Yes, some dumbass Missouri pol used that ancient, slavemaster's description of ...
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