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Geithner Plan

Dear Mr President: Please Read Your Blogs -- (It's Not Like Eating Your Spinach)

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

It would be a bit disturbing if a president who has said he wants to hear the widest range of opinions on important issues would want to dismiss those who write blog posts.

Geithner: Nationalization Is "The Wrong Strategy," "Deeply Offended" By Banks

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner spoke with PBS' Jim Lehrer on Wednesday evening about the Obama administration's economic plans. Among the highli...

Geithner's Private Investment Fund Details Revealed

Financial Times | Krishna Guha | Posted 05.25.2011 | Business

One reason the US authorities are reluctant to pull the plug on any big banks is that they hope their toxic asset purchase plan could show that losses...

A Plan for Economic Recovery

George Soros | Posted 05.25.2011 | Business
George Soros

We are facing the prospect of global deflation and depression. But I believe the situation could be turned around by adopting a bold and comprehensive program. Unfortunately, Treasury Secretary Geithner has not presented a convincing case.

The Real Grand Bargain

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

A long term discussion of America's finances could help Americans look beyond the crisis, defining where we need to go and how, in the long term, we'll pay for it.

Two Women Show Real Bipartisanship

Madeleine M. Kunin | Posted 05.25.2011 | Politics
Madeleine M. Kunin

Think of what the Congress might accomplish if we had a few more women like Maine Senators Susan Collins and Olympia Snowe on both sides of the aisle.

Why is Obama Reluctant to Kill the Zombie Banks Threatening Our Economy?

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

The plan laid out -- or, more accurately, sketched out -- by Tim Geithner makes it very clear that he is on the wrong side of the issue, more worried about the banking industry than the American people.

Why Geithner's Banking Fix Won't Work

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

The bottom line is that someone has to take the losses on the $1+ trillion of depreciating assets that are crushing bank balance sheets, and we taxpayers have woken up to the fact that we don't want it to be us.

Geithner Must Go

Jacob Heilbrunn | Posted 05.25.2011 | Politics
Jacob Heilbrunn

Geithner didn't offer a plan yesterday so much as a new faith-based initiative that is more notable for what it doesn't do than what it does.

Learning from the Geithner Financial Rescue Announcement: Is the Best Yet to Come?

Rep. John Conyers | Posted 05.25.2011 | Politics
Rep. John Conyers

So much has been written about the bank rescue announcement by Treasury Secretary Geithner, and a clear verdict has set in -- the details were missing and the plan was far too scant to soothe the markets.

The Audacity of Dopes

William K. Black | Posted 05.25.2011 | Business
William K. Black

The bankers have convinced the Bush and Obama administrations that the taxpayers should be looted to bail out risk capital. We should stop listening to the folks that caused the crisis.

Live Video: Treasury Secretary Geithner Unveils New Bailout Plan

MSNBC | Posted 05.25.2011 | Politics

Treasury Secretary Geithner announces a revamped bank rescue plan, one calling for a stepped-up role by private investors. Watch it live at 11am EST: ...

Obama and The Economy: How It's Going to Play Out

Ian Welsh | Posted 05.25.2011 | Politics
Ian Welsh

The only people in this debacle who acted in the interests of ordinary Americans are House Democrats, but in the end they're going to be forced to choose between no bill and a fatally compromised bill.