Ailing Banks May Require More Aid to Keep Solvent
Without a cure for the problem of bad assets, the credit crisis that is dragging down the economy will linger, as banks cannot resume the ample lending needed to restart the wheels of commerce. The answer, say the economists and experts, is a larger, more direct government role than in the Treasury Department’s plan outlined this week. Full Story »
Posted by Terry Gamble
This type of carefully crafted article is intended to feed the fearful and knee jerk money spenders. They have passed a Bill they admit NO ONE has actually read..The line "we HAVE to do something" is silly on its face. The sell off this week, tells Washington all they need to know, the Bailout and Geithner are a massive errors..It very well could become Obama's Iraq.