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Fear, uncertainty grow as new bailout unveiled
Stocks plummeted Tuesday in response to President Obama’s plan to commit up to $2 trillion to bail out the financial sector, which disappointed markets and lawmakers alike. Republicans leveled a barrage of criticism at the plan, which they complained lacked details. Democrats offered cautious ...
Stocks Tumble as Bailout Plan Is Unveiled - Market Overview * US * News * Story
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 ...
Unwelcome uncertainty
washingtonmonthly.com — UNWELCOME UNCERTAINTY.... Just nine days ago, Paul Krugman had heard rumors about what might be in Treasury... Secretary Tim Geithner's financial rescue plan, and wrote a column blasting some of the possible provisions. Today, we learned at least a bit... (more) Unwelcome uncertainty
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Obama Denounces D.C. Bubble
News — ... , sending the measure to conference to reconcile it with the House’s $819 billion measure that has already passed. Additionally, Treasury Secretary Timothy Geithner rolled out the administration’s plan to rescue the country’s financial systems. That plan was immediately greeted by skepticism a mong Republicans in Washington and the investors on Wall Street as the Dow Jones Industrial Average finished down 380 points. On the bailout proposal, Obama said there is no simple solution to the current crisis on Wall Street. “Wall Street, I think, is hoping for an easy out on this ...

Timothy Geithner vs. Mark Sanford, Meg Whitman and Carly Fiorina — Arnold’s Last chance
Pundits Blog — ... for political corruption in the modern age when he notoriously took a million-dollar bribe to let a lobbyist for a foreign government out of jail) was enough to gag a horse. That the real work seems to be headed over to the National Security Council to the very competent Samantha Power of Harvard and Gen. James L. Jones brings a sigh of relief, but this is not how to run foreign policy; this is how you stealthily manage a disturbed auntie at an important family reunion. And when the Dow Jones drops 350 points in direct response to new Secretary of the Treasury Timothy ...

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