Sunday, September 21, 2008

Hanks Bailout

http://www.bloomberg.com/apps/news?pid=20601070&sid=ae6b6P1L8E_E&refer=home


Now I know the men in the white coats need to come for Hank, Because it obvious that he is out of his right mind!

The Treasury would also have discretion, after discussions with the Fed, to make non-U.S. financial institutions eligible under the program.
The plan would raise the ceiling on the national debt and spend as much as the combined annual budgets of the Departments of Defense, Education and Health and Human Services. Paulson is asking for the power to hire asset managers and award contracts to private companies. Most provisions of the proposal expire after two years from the date of enactment.