Zeev's Turnips Patch-No Politics (ZEEV)

[Seminole Red]

isnt this a crock of carp.....they spend our tax money to bail out businesses NOW they want the public to buy BAD ASSETTS

Private investors asked to help with bank rescue

Mar 22 09:13 AM US/Eastern

WASHINGTON (AP) - The Obama administration says it needs help from private investors to deal with a serious banking crisis.
The head of the president's Council of Economic Advisers says that the government needs investors to come in and help buy up bad assets that are weighing on banks' balance sheets and keeping banks from lending to consumers and businesses.

Christina Romer says the administration's new plan will team up with the private sector and the Federal Reserve and the Federal Deposit Insurance Corp. to make a limited amount of government bailout money go farther. The plan could be announced as early as Monday.


Romer spoke on "Fox News Sunday."
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed