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Obama’s Toxic Asset Plan: The Plan will leave the same Amount of Toxic Assets In the System

by Open-Publishing - Saturday 4 April 2009
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Economy-budget Governments USA

Obama’s Toxic Asset Plan: The Plan will leave the same Amount of Toxic Assets In the System, but with Taxpayers now liable for most of the Losses

by Washington’s Blog

Global Research, April 4, 2009
Washington’s Blog

The most succinct description of what is wrong with Geithner’s PPIP toxic asset plan comes from the Financial Times:

Critics say that would leave the same amount of toxic assets in the system as before, but with the government now liable for most of the losses through its provision of non-recourse loans.

Continue to read:
http://www.globalresearch.ca/index.php?context=va&aid=13051

Forum posts

  • If the fail to provide the jobs or can’t stop the job losses this will be they last thing US will ever do, it will have to file for bankruptcy.

    Jobs, jobs and more jobs that is the questions. Will the come?