Treasury's Toxic Asset Plan Could Cost $1 Trillion

Via>> The Associated Press

NPR.org, March 22, 2009 · The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks' books.

The new effort, to be unveiled Monday, will be followed the next day with release of the administration's broad framework for overhauling the financial system to ensure that the current crisis — the worst in seven decades — is not repeated.

This could lead to some bad times... and bad choices. like printing money to pay for this garbage.

Paul Craig Roberts says "If the US government is forced to print money to cover the high costs of its wars and bailouts, things could fall apart very quickly."

1 comment:

Lambert said...

Thanks for your article, really useful information.
Grenada island | car emergency kit | size of business card