Treasury's toxic asset plan could cost $1 trillion

AP by Martin Crutsinger | Mar. 22, 2009 (News Report)

The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses rely on a new government entity, the Public Investment Corp. to help purchase as much as $1 trillion in toxic assets on banks' books. Full Story »

Posted by Dwight Rousu

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Subjects: World, U.S., Politics, Business
Topics: Global Economy, U.S. Economy, Obama Administration
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Posted by: Posted by Dwight Rousu - Mar 22, 2009 - 8:40 PM PDT
Reviewed by: Dwight Rousu (review), Bill Hawkins (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Dwight Rousu - Mar 22, 2009 - 8:40 PM PDT
Related Comments: Obama Administration (3) | Global Economy (2)

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Dwight Rousu
3.0
 by Dwight Rousu - Mar. 22, 2009

The news is being reported before it is announced Monday. The sourcing is light, and the details and implications are scanty.

Dwight posted this story.
See Full Review » (12 answers)
Bill Hawkins
4.1
 by Bill Hawkins - Mar. 23, 2009

You offer e clear and concise position and the facts can be checked and cross referenced...

This is the seven headed beast better known as uncontrolled greed.

See Full Review » (7 answers)

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