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Newspaper Roundup for Feb. 10, 2009
CNSNews.com Headlines —
... Washington Post: New Bailout Plan May Top $1.5 Trillion Plan Aims to Aid Banks, Spur Lending, Push Private Investors to Buy Toxic Assets USA Today: ...
Around the Web in 80 Seconds, 02.10.09
The Latest on Air America —
... . $550 billion was drawn out of money market accounts in an electronic run on the banks. Watch the video and get more news after the jump. The Washington Post reports that Geithner's resue plan could exceed $1.5 trillion . China is looing down the barrel of economic bubble deflation after ...
Bailout Rollout Tuesday
The Page by Mark Halperin —
... "The centerpiece is likely to be a government-backed aggregator bank, which will provide financing and loss protection for investors..."
WashPost on why the cost may top $1.5 trillion.
Plus: Geithner also sits down with CNBC Tuesday for interview airing at noon ET. ...
New Bank Rescue Plan Coming Today
Taegan Goddard's Political Wire —
Treasury Secretary Tim Geithner will unveil today the administration's plans for the second half of the $700 billion bank bailout approved by Congress last fall. However, with leverage and private funds, the Washington Post says the plan may commit up to $1.5 trillion "and possibly more." ...
The Early Word: Closing the Deal
The Caucus —
... on its version of the stimulus bill. The package received support form three Republicans — Senators Susan Collins and Olympia J. Snowe of Maine and Arlen Specter of Pennsylvania. Also on Tuesday Treasury Secretary Timothy F. Geithner plans to introduce plans for billions more in federal dollars to bail out the financial sector. The Washington Post has the details: Geithner plans to announce a public-private partnership that would seek to finance the purchasing of toxic bank assets that are at the heart of the credit crisis, officials and congressional sources said. These ...
At least Geithner has more hair than Paulson
Corrente —
Otherwise, not much difference, except possibly for the worse. At least the last time, we had the excuse of ignorance and NOW NOW NOW. Fool me once...
Pravda gives the horrid details. CR reacts: Ouch:
[M]y sense that Team Obama is making this up as they go was confirmed by an e-mail from Robert Radano:
Treasury briefed the Senate Banking Committee tonight regarding Geithner’s plan to be announced, tomorrow…Tuesday.
There is no plan. Read more…
BOHICA: Here comes $2 trillion TARP II
Michelle Malkin —
Tax cheat Treasury Secretary Tim Geithner is set to announce TARP II in the aptly-named Cash Room of the Treasury Department. The cost could top $1.5 trillion . But, hey, who’s counting anymore? The gobbledygook ...
Geithner Morning Presser Liveblog
Firedoglake —
... and WaPo reporting, I have to say it seems a whole lot like deliberate obfuscation designed more for public confusion than clarity. Which always makes me nervous when public funds are on the line. ...
Bailout watch
Daily Kos —
Cross-posted from Congress Matters. Watch Congress just a little closer at Congress Matters -- use your Daily Kos ID and passwords to log in. (Bonus: Extra diaries beyond your DK quota!) More's coming: The gravity of the financial crisis confronting the Obama administration will come into stark focus today when officials unveil a three-pronged rescue program that may commit up to $1.5 trillion in public and private funds, and possibly more, lawmakers and other officials said. Oh dear. In announcing the plan, Treasury Secretary Timothy F. Geithner will not ask Congress for more funds than the ...
Bank Bailout Redux
The Democratic Daily —
... Treasury Secretary Timothy Geithner will be unveiling the Obama administration’s new bailout plan this morning. The plan is said to be a “three-pronged rescue program,” that is meant to “ ...
Links for 2009-02-10 [del.icio.us]
FullosseousFlap's Dental Blog —
Sell Out Alert:Iranian President Says Talks with US Possible
Iranian President Mahmoud Ahmadinejad says he welcomes talks with United States but they must be based on mutual respect.
Ahmadinejad spoke Tuesday at celebrations marking the 30th anniversary of the Iranian Revolution.
He says Iran is ready to hold talks with the U.S. so long as it's in a "fair atmosphere and with mutual respect."
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Israel will be watching Hillary and Obama very closely for any sign of a sell out.
Why Barack Obama Wants Control of the U.S. Census and it Ain't Rocket Science
President Obama said in his inaugural address that he planned to ...
links for 2009-02-11
FullosseousFlap's Dental Blog —
Has Obama's Presidency Already Failed? Why Obama’s new Tarp will fail to rescue the banks
Has Barack Obama’s presidency already failed? In normal times, this would be a ludicrous question. But these are not normal times. They are times of great danger. Today, the new US administration can disown responsibility for its inheritance; tomorrow, it will own it. ...
