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Stimulus Plan

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youtube.com - 3/27/2009

Geithner Plan II (video)

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More on the Geithner Plan. The problem of banks buying the assets from themselves.

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online.wsj.com - 3/23/2009

Geithner: My Plan for Bad Bank Assets

— online.wsj.com — TIMOTHY GEITHNER The American economy and much of the world now face extraordinary challenges, and confronting these... challenges will continue to require extraordinary actions. No crisis like this has a simple or single cause, but as a nation we ... (more) Geithner: My Plan for Bad Bank Assets

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Stimulus Plan

Comments vote downundo vote up Calculated Risk found this 3/23/2009found this

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krugman.blogs.nytimes.com - 3/23/2009

Geithner plan arithmetic

— krugman.blogs.nytimes.com — Leave on one side the question of whether the Geither plan is a good idea or not.... One thing is clearly false in the way it's being presented: administration officials keep saying that there's no subsidy involved, that investors would share in the ... (more) Geithner plan arithmetic

Stimulus Plan

1 Comment vote downundo vote up DealBook found this 3/23/2009found this

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roomfordebate.blogs.nytimes.com - 3/24/2009

Will the Geithner Plan Work?

— roomfordebate.blogs.nytimes.com — Paul Krugman, Simon Johnson, Brad DeLong and Mark Thoma on the government plan to buy up bad... mortgage assets. (more) Will the Geithner Plan Work?

Stimulus Plan

Comments vote downundo vote up Economist's View found this 3/24/2009found this

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Fear Is Gripping the Market
Irvine Housing Blog — Back in September of 2007, I asked the question in a post Is Fear Gripping the Market? Fast-forward to 2009, and I think it is safe to say that fear rules the day.  Today’s featured property is REO that recently sold at auction for 36% off its peak purchase price. Asking Price: $593,900 Address: 3562 Myrtle, Irvine, CA 92606 The Fear—Lily Allen Life’s about film stars and less about mothers ...

Gaming the Geithner Plan, a video tutorial
Rolfe Winkler — The tutorial below is from Salman Khan.  It walks through one reason—outlined in OA’s pop quiz earlier this week—that the Geithner plan is such a disaster: because of the huge incentive it gives banks to buy their own assets in order to transfer the risk of further writedowns from themselves to taxpayers. BTW, Khan Academy has literally hundreds of fascinating tutorials just like this one.  I highly recommend it. One quibble: it’s FDIC, not the Federal Reserve, providing the non-recourse loans that make his example ...

The Great Flaw in the Geithner Plan Explained
[ The Financial Ninja ] — This is going to be the single largest heist in history. We need more people like Bob Basso. He has now made the powers that be 'uncomfortable'. YouTube Star Summoned to White House? The Second American Revolution: We The People Stiumulus Package: ...

Geithner Plan II
The Big Picture — More on the Geithner Plan. The problem of banks buying the assets from themselves

Geithner's Plan Can Succeed
Mish's Global Economic Trend Analysis — I am changing my tune. Geithner's plan can succeed. Before anyone collapses on the floor or starts screaming that I have lost my mind, it's important to define what success means and what the plan is. ...

Video-o-rama: The road to recovery
The Big Picture — Video-o-rama: The road to recovery Video footage this week centered around the G20 meeting, the FASB’s decision to relax mark-to-market accounting rules, the Detroit drama, the Geithner plan to remove toxic assets from banks’ balance sheets, and the staying power of the nascent stock market rally. As investors’ start regaining their risk appetite and increasingly look past the “valley”, the Dow Jones Industrial Average seems to be on track to record its best four-week winning streak since 1933. Commentators featured on camera in this post include Timothy Geithner, Nouriel Roubini, Nassim ...