World-News

By Reuters

The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.

https://informationclearinghouse.info/article22288.htm



Geithner Update

Bend Over and Say, "Uncle Sam"

By Mike Whitney

Here's what everyone needs to know: The US government (you) will provide up to 94 percent of the financing (low interest, of course) for dodgy mortgage-backed assets that no one in their right mind would ever buy so that wealthy and politically-connected banksters can scrub up to $1 trillion of red ink from their balance sheets.

https://informationclearinghouse.info/article22289.htm

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Panning Geithner's Plan: Why Treasury's Toxic Assets Program Stinks
https://www.commondreams.org/view/2009/03/25-9

Who Are We Saving -- Banks or Bankers?
https://www.commondreams.org/newswire/2009/03/25-6



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