[Be patient for clip to load: Like waiting for financial stability: video takes about 2 minutes to load]
I’ve been a bit video-centric as of late. It’s simply amazing to think that the US Treasury Secretary can be parodied on SNL and most people get the humor. Geithner has gotten a pass so far.
Here’s his proposed plan submitted last month and press release.
Financial Stability Trust: A Comprehensive Stress Test for Major Banks, Increased Balance Sheet Transparency and Disclosure, Capital Assistance Program
Public-Private Investment Fund ($500 Billion – $1 Trillion)
Consumer and Business Lending Initiative (Up to $1 trillion)
Transparency and Accountability Agenda – Including Dividend Limitation
Affordable Housing Support and Foreclosure Prevention Plan
A Small Business and Community Lending Initiative
Housing doesn’t rebound until financial stability is established.
Tags: Tim Geithner
Clip won’t play, but I downloaded the text. The devil may be in the details, but I’ll be darned if I see any sign of him.
I have no idea how to fix a bank or why they need to be fixed or what will happen if they are fixed or not. But, Geithner has the job and he has my support to try since people who know something say it must be fixed and others who know something say it shouldn’t be fixed. I flipped my last coin and Geithner won. Git r done. He’s the man.