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Treasury's toxic asset plan could cost $1 trillion

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posted on Mar, 22 2009 @ 01:57 PM
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Treasury's toxic asset plan could cost $1 trillion


news.yahoo.com

The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses rely on a new government entity, the Public Investment Corp. to help purchase as much as $1 trillion in toxic assets on banks' books.

The plan that Treasury Secretary Timothy Geithner intends to announce Monday aims to use the resources of the $700 billion bank bailout fund, the Federal Reserve and the Federal Deposit Insurance Corp.
(visit the link for the full news article)




posted on Mar, 22 2009 @ 01:57 PM
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Wait, now we're going to spend ANOTHER trillion?
or are we going to use the $700 billion bailout?
and if we're using that bailout NOW why was it appropriated THEN?
And another $300 billion on top of that?
does this administration not understand that our money supply affects the value of our currency?

news.yahoo.com
(visit the link for the full news article)



posted on Mar, 22 2009 @ 02:05 PM
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The assets are priced at a trillion, the treasury will only be putting up part of the money and private investors will be putting up the rest.



posted on Mar, 22 2009 @ 02:11 PM
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A word of advice to everyone, starting buying shares of Ink Companies.

Take it or leave it. But beside a shortage of ammo, there will be a shortage of ink.



posted on Mar, 22 2009 @ 02:14 PM
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reply to post by mythatsabigprobe
 


Just out of curiosity, what private investor in their right mind is going to get involved in this trainwreck? With the mess that they've made so far, would you have any confidence in this Treasury Department to keep your investment safe?

I certainly wouldn't.



posted on Mar, 22 2009 @ 02:18 PM
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reply to post by djon01
 



does this administration not understand that our money supply affects the value of our currency?


They either don't have a clue or they are purposely destroying the country. This bad debt needs to be liquidated by the market. Over paying for this garbage at the expense of the dollar and our economy is ridiculous.


[edit on 22-3-2009 by HimWhoHathAnEar]



posted on Mar, 22 2009 @ 02:28 PM
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Could someone tell me why the dollar is still valued as it is? surely it should be falling flat on its face..is it artificially high..like america the brand name so its not tanking yet?



posted on Mar, 22 2009 @ 02:56 PM
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reply to post by Solomons
 


The fact that the economy is not at full employment is probably masking the effect. People are sitting on their money and not spending. Once they start spending again, I think its very likely that we'll find that the Treasury and the Fed have poured too much money in, and we end up with the old 'too many dollars chasing too few goods' thing, aka demand-pull inflation...and lots of it.



posted on Mar, 22 2009 @ 03:01 PM
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reply to post by Solomons
 


The dollar actually dropped pretty dramatically after the announcement that they were going to start printing money. However, it will be very difficult to gauge the devaluation of the dollar versus other currencies going forward because all world currencies are now fiat. Currency wars are already underway and everyone will be trying to devalue their currency in an attempt to improve their trade status.

Gold will once again fulfill its mandate as the ultimate extinguisher of Debt and will be the gauge to watch.



[edit on 22-3-2009 by HimWhoHathAnEar]



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