Comments | ontd_political: Geithner Said to Have Prevailed on the Bailout

cindel in ontd_political

Geithner Said to Have Prevailed on the Bailout

Feb 10, 2009 10:59

The Obama administration’s new plan to bail out the nation’s banks was fashioned after a spirited internal debate that pitted the Treasury secretary, Timothy F. Geithner, against some of the president’s top political hands ( Read more... )

timothy geithner, david axelrod, bailout, deregulation

Comments 10

schmiss February 10 2009, 16:55:08 UTC

hmmm I agree with David Axelrod :/

squid_ink February 10 2009, 17:02:04 UTC

(Axelrod) 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.

because nothing assures the american public like the shareholders (namely people with stock portfolios, life insurance and 401Ks) having to pay the price in this debacle. Yea I'll be all willing to invest in the stock market after that *rolls eyes*

and as for dictating how banks spend rescue money? didn't we see what a great job the gov't does with the Iraq war and Katrina? what makes you think they'd be any better with oversight?

Some oversight, maybe.. but dictating every dime? BAD PLAN.

Axelrod needs to STFU.

phonebill February 10 2009, 17:05:26 UTC

Geithner Said to Have Prevailed on the Bailout

What a mighty title.

OT: is there a liveblog for the Obama FL presser? missanemone February 10 2009, 17:12:50 UTC

yes?

Re: OT: is there a liveblog for the Obama FL presser? cattyhunts February 10 2009, 17:15:50 UTC

There isn't one yet.

Re: OT: is there a liveblog for the Obama FL presser? cookie_nut February 10 2009, 17:17:26 UTC

I submitted a post about the speech (watching it now).

If it gets accepted I'll turn into a live post. :)

Re: OT: is there a liveblog for the Obama FL presser? cattyhunts February 10 2009, 17:23:25 UTC

It got accepted bb. I see that it's up.

OT chibi_melo February 10 2009, 17:18:06 UTC

YOU GUYS OBAMA IS 10 MINUTES AWAY FROM MY HOUSE!!!

It fucking sucks that I couldn't get tickets. I am also shocked that he got a HUGE welcome right now from my Red as Hell county.

And lol at the racist sheriff from this town not being there. Hmm...I wonder why? ;)

Re: OT cookie_nut February 10 2009, 17:19:48 UTC

I think it's because he's keeping to his promise to reach out to and talk to everyone, and not just people who supported him.

mcnuggets February 10 2009, 18:08:10 UTC

I'm liking Timothy Geithner better after reading this article.