Geithner Speech - Reactions to Bailout Plan

February 11th, 2009 · No Comments

   Some early reactions.  There will be many more.

TARP 2: What, No Aggregator? - Mostly Thumbs Down - 6 writers & bloggers on the Geithner speech at Research Recap 


Geithner’s Financing Fiasco - Daniel Indiviglio - Treasury’s plan to finance asset sales may not be enough. - Forbes

Bailout Plan: $2.5 Trillion and a Strong U.S. Hand - EDMUND L. ANDREWS and STEPHEN LABATON -  The White House plan to rescue the nation’s financial system, announced on Tuesday by Timothy F. Geithner, the Treasury secretary, is far bigger than anyone predicted and envisions a far greater government role in markets and banks than at any time since the 1930s - NY Times

Prospective Buyers of Toxic Assets Wary of Plan  - By Binyamin Appelbaum - reactions from ASF conference - Washington Post


Geithner Can’t Find Gun, Let Alone Silver Bullet:  - Commentary by David Reilly - Bloomberg 

Tim Geithner’s Speech and Plan - David Kotok - Markets do not initially like Geithner’s comments.   There are good reasons.    He gave only sketchy details that would help clarify the program.  His speech was purposefully vague.   Markets and the country want clarity, transparency and reliability.   Instead. they got promises it would be forthcoming but they did not get facts and details that would substantiate it. - Cumberland Advisors

Tags: Blogs · Commentary · Government · Mortgage Market

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