Tuesday, February 10, 2009

Geithner's plan falls flat

CNNMoney.com || Geithner's plan falls flat

Why the Geithner plan won't work

The Treasury Secretary announced his strategy for a better banking bailout. But subsidizing the purchase of bank assets and forcing mortgage writedowns is the wrong way to go.

By Shawn Tully, editor at large

Pasted from my iPhone!
http://pastebud.com

Just an example how everyone seems to be doubting The Plan.

If one was to be contrarian here, maybe the mess has a shot!

The unsettling thing about it all is how the political sides seem rather entrenched in their positions. I think the constant attention by the talking heads on radio an TV helps encourage the divide.