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Is+this+why+credit+is+still+being+held+up%3F+to+set+the+stage+for+Stimulus+%232%3F+Note+that+%22obama%22+isn%27t+mentioned%3F%7CThe+Washington+Post%0ATim+Geithner%27s+Black+Hole%0ABy+David+M.+Smick%0ATuesday%2C+March+10%2C+2009%3B+Page+A13%0A%0A%28Following+is+only+the+1st+and+last+paragraph+of+the+lengthy+article%29….+%3A+++washingtonpost.com%0A+%0A%0A%0A%0A%E2%80%9C%E2%80%A6%E2%80%A6.Treasury+Secretary+Tim+Geithner+and+his+colleagues+face+a+nasty+dilemma%3A+There+are+no+solutions+to+the+banking+crisis+without+extraordinary+political+and+financial+risks.+Thus%2C+they+have+adopted+a+three-pronged+approach%2C+delay%2C+delay%2C+delay%2C+in+the+hope+that+somebody+comes+up+with+a+breakthrough.%E2%80%9D%0A%E2%80%A6%E2%80%A6%E2%80%A6%E2%80%A6%E2%80%A6%E2%80%A6%E2%80%A6%0A%E2%80%A6%E2%80%A6%E2%80%A6. %0A%E2%80%9COur+present+position+is+unsustainable.+The+longer+we+delay+fixing+the+banks%2C+the+faster+the+economy+deleverages%2C+the+more+credit+dries+up%2C+the+further+the+stock+market+falls%2C+the+higher+the+ultimate+bank+bailout+price+tag+for+the+American+taxpayer%2C+and+the+more+we+risk+falling+into+a+financial+black+hole+from+which+escape+could+take+decades.%E2%80%9D%0Aif+link+doesn%27t+work%3A++http%3A%2F%2Fwww.washingtonpost.com%2Fwp-dyn%2Fcontent%2Farticle%2F2009%2F03%2F09%2FAR2009030902232.html%0A%0Aand%2C+Obama+is+mentioned+in+the+first+sentence+as+%22Obama%27s+advisor%27s ….. %22%0AButtHead%3A++you+really+need+to+read+the+article….+it+wasn%27t+written+by+Smick….+and+I+wasn%27t+appointed+by+O+to+solve+problems…

Jan 28

Posted by Credit Competitor in Elections | 2 Comments

barefoot prince asked: