Thursday, January 29, 2009

Upcoming 'Bad Bank' by Obama--SURPRISE! George Soros said he'd invest.

  • The media will continue to deify Obama while George Soros is obviously running the US financial system straight into the toilet--as he has long said he would.
"Bad Bank is apparently the word of the day, with major market players bandying about opinions and ideas over emerging plans to create institutions in the US and Europe that would soak up toxic assets. Yesterday Senator Dodd said the Obama Administration is mulling a "bad bank" program,...Yesterday after the close CNBC reported that a "bad bank" plan might be announced as soon as next week, under the auspices of FDIC Chairman Bair.
but cautioned the model might not represent the best approach to fixing the financial sector. The IMF's Strauss-Kahn weighed in, noting that he is in favor of a "bad bank" plan."...
  • AMERICANS ARE SAPS.

No comments: