http://capital.trendaz.com/index.shtml?show=news&newsid=1305291&catid=519&subcatid=421&lang=EN
Hank knows it won't work to but the FED is debt up to it's ass and needs the bailout!
Congress even thinking about giving Hank unquestionable control is either shear stupidity or treason take you choice!
The hands in the cookie jar says it's treason!
Financial support is not enough to rescue US economy, said John Higgins, economist of Capital Economics, British consulting company on economic studies.
“We still don’t think buying toxic assets from banks will be a cure-all for the financial sector, given that an ongoing painful adjustment in the real economy is likely to lead to further heavy asset write-offs and that banks will have increasing difficulty in raising fresh capital,” Higgins said.
Earlier, Treasury of US worked out measures to stabilize financial market paralyzed by non-liquid mortgage loans. According to draft law, the government intends to buy toxic assets connected with mortgage lending from the financial companies based in US. The anti-crisis plan is estimated at $700bln. The program was also supported by Ben Bernanke, head of Federal Reserve System of US.
“Strains in financial markets reached a new peak as investors waited to see whether Congress would approve an amended version of the US administration’s “troubled asset relief program” by
