Wednesday, March 25, 2009

Senator Gregg: U.S. bank plan a 'genuine' effort

Senator Gregg: U.S. bank plan a 'genuine' effort; Reuters

A senior U.S. Senate Republican on Monday called the Treasury Department's plan to buy up bad bank assets a "genuine effort to try to stabilize the financial industry."

Senator Judd Gregg, a key negotiator in the $700 billion Wall Street bailout last year, told reporters that while he was not certain the plan would achieve its goal, taxpayers could "make some money if it works correctly."

: Is this for real? We buy failing assets, what should be adsorbed back into the economy, and "hope" to make a profit: moronic.

No comments: