Not Ranked
So, how bad is it.....
Geithner pledges forceful attack on banking crisisWASHINGTON (AP) _ Treasury Secretary Timothy Geithner said Tuesday the new administration will wage an aggressive two-front battle against the worst financial crisis in seven decades, while the Federal Reserve announced it was expanding a key lending program to up to $1 trillion. But investors appeared to reject the government's latest plan. The Dow Jones industrial average plunged more than 300 points in midday trading as financial stocks led the market lower, reflecting Wall Street's growing concerns about the government's ability to revive the banking industry. -- AP
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All this talk about Trillions is sort of spooky - what happened to Billions or even Millions? So, a Trillion for banks - some sort of homeowner deal and another Trillion in the stimulus package. Hmmmm.....what about spending nothing, just allow the chips to fall where they may? Curiously, all the government spending is to encourage citizens to buy stuff, is anyone here encouraged to pay stuff yet?
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