Friday, January 30, 2009

U.S. Eyes Two-Part Bailout for Banks.

Barack obama

While the cost while the cost to taxpayers seeking to reduce the country's top economic officials, an effort to help banks in the bad assets of banks and some damage to the future of the remaining part of the guarantee offer to buy the financial system with a new method for to stabilize the discussion.

U.S. Eyes Two-Part Bailout for Banks

This approach, which combines two ideas challenging this week that Treasury Secretary Timothy Geithner, president of the Federal Reserve, Ben Bernanke, chairman of the Federal Deposit Insurance Corporation Sheila bAir, said people of reunification, according to participate in the gathering were discussed. Management Plan as a $ 819 million, and inspired a series of new measures to curb Foreclosures conscious assessment of the economic and credit flows again, with efforts to strengthen the economy in the plan is a promise. 



Lawrence Summer .

U.S. Eyes Two-Part Bailout for Banks

Mr. Obama, former Federal Reserve chairman, Paul Volcker to work with the general regulations Wednesday to start the session. House Financial Services Committee Chairman Barney Frank White House Thursday, will participate in a government plan in the Group of 20 on April 2 meeting in London in the developed and developing countries will have.

The Treasury, Henry Paulson, a former foreign minister and under the protection of the $ 335 billion of financial institutions have a duty to help. Mr. Obama supported housing between $ 50 billion and $ 100 million is used, so that eventually reached $ 2 billion is the size of the property had to buy called bad bank, people familiar with the matter. 


Timothy Geithner 

Many banks have already exceeded premiums for 2008 have said that will not pay. By and financial institutions such as UBS AG, a "recovery" to the company that a reduction in some cases, the willingness to pay is set up. Thursday UBS investment managers in the United States, told the banking unit of the cash bonus for 2008.

As they face the immediate financial crisis, for example, a table, Obama allies simultaneous long-term efforts to resolve the problems of the tax code and Social Security and doctors- both of which have been removed from the White House finally address is committed. "They are not ambitious NOK," said Mr. Hassett. Taxpayers to try to reduce the country's top economic officials, an effort to help banks in the bad assets of banks and some damage to the future of the remaining part of the guarantee to offer to buy financial system a new way to stabilize discussing.

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