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Timothy Geithner: FED must be stripped of AIG-like Bailout Powers!
lubdub
After inflicting all the damage that can ever be done the Obama administration is working on a reform proposal that can help limit the collateral damage arising out of the bankruptcy of financial firms such as Bear Stearns & AIG. Such firms will no more be bailed out as the proposed resolution aims at stripping the Federal Reserve of its authority to bail out financial firms in a crisis.
Full details below: http://www.allvoices.com/contributed-news/4520151-timothy-geithner-fed-must-be-stripped-of-its-aiglike-bailout-powers
2 queries:
i) Too good to be true?
ii) Too little too late (or) beginning of a new dawn?
Full details below: http://www.allvoices.com/contributed-news/4520151-timothy-geithner-fed-must-be-stripped-of-its-aiglike-bailout-powers
2 queries:
i) Too good to be true?
ii) Too little too late (or) beginning of a new dawn?
No replies yet
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