Replies to post #75222 on Tornado Alley (PROG)

[follylama]

This is as opposed to Bush's "old" TARP plan which was clearly a smashing success ?? Spare me...

Geithner fell on his face yesterday (and took the markets with him) because he opened his mouth too soon, with too few specifics. ("Growing pains" of a new admin? They all have them...) But as one who was grossly anti-Geithner from the get-go (and not for tax reasons), I believe they are on a smart, workable path -- with the public/private partnership. It sounded like the plan they are formulating is somewhat like the RTC plan of nearly 2 decades ago. RTC worked for the S&L's, the financial markets, the taxpayer and the macroeconomy.

Of course, nothing is going to please the "hate Obama first" crowd, yourself included...