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Treasury Secretary Timothy Geithner is set to unveil the Obama administration's take on the bank bailout plan at 11 a.m. this morning. The NY Times reports that he "largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides" (like David Axelrod) and "successfully fought against more severe limits on executive pay for companies receiving government aid. He resisted those who wanted to dictate how banks would spend their rescue money. And he prevailed over top administration aides who wanted to replace bank executives and wipe out shareholders at institutions receiving aid." And, still, stock futures fell! Politico has some of Geithner's prepared remarks: "Instead of catalyzing recovery, the financial system is working against recovery, and that’s the dangerous dynamic we need to change."
Geithner to Outline Bank Rescue Plan
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the cops have busted the block of canal street near pearl paint.
I talked to them and they said that
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I'd like to see a Geithner vs. Axelrod throwdown.
welcome to the USSA
Phase 1: Collect Underpants
Phase 2: ?
Phase 3: Profit!
BAILOUT MONIES = LOSS OF OUR FREEDOMS!!!
STIMULUS MONIES ARE NOT FREE AND COME WITH STRINGS!!! Are not the individual states of the UNITED STATES as well as the city's, town's, comprising those states NEVEREMIND THE BANKS - supposed to allocate and fund their own projects/needs??? Is the FEDERAL GOVERNMENT now 'taking-over' the individual functions of the states??? Wait in the 'new/transparent/smarter/more-reponsible' OBAMA era - we are not responsible for anything!!! JUST PASS THIS 'STIMULUS-SHIT' - DON'T AXSK(ebonics spellung) QUESTIONS!!! OBAMA WENT TO IVEY LEAGUE SCHOOLS HE'S SMART. OBAMA WILL EVEN PAY FOR OUR MORNING COFFEES AT STARBUCKS!!! Ha. The EZily led get suckahed with the hope of 'free money' - which we all have to pay for at the loss of our freedoms/individuality!!!