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Now really, what did you expect? Like it or not, the managers and executives at AIG have specific value in the market place. You may think that they are all worth nothing, but many companies see the AIG kerfuffle as an opportunity. The obligations that AIG had to managers were contractual payments everyone knew about…
I took a look at Geithner’s financial stability plan. There is an aspect that I think is interesting. A creation of a fund that will hold these bad bank assets. The fund would seek private investment as well as gov’t money. That is an interesting idea. The rest of the speech was basically telling us that they have not finished the plan.
Replaying the same old song. Treasury Secretary Timothy Geithner was interviewed this morning on CNBC and one of the discussions was taxes. He thinks fortunate Americans should pay more, but the press never asks how much more would be enough.
Geithner does not know how to fund this budget!!
Update: The Senate Finance Committee has approved the Tim Geithner nomination and now the Senate expects to vote on the nomination on Monday … it is a done deal. The committee approved the nomination on an 18-5 vote, sending it to the full Senate. President Barack Obama is hoping for quick approval so that the…
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