Desperately seeking $4 gasoline | WHAT REALLY HAPPENED


Desperately seeking $4 gasoline

The New York Times | Tue- Feb 10, 2009 | Stephen Labaton and Edmund Andrews

Geithner Set to Make Public Case for Bank Bailout Plan Google article title Citing ‘Lost Faith’ in Banks, Geithner to Push Bailout NY Times article title

WASHINGTON— The Obama administration’s new plan to bail out the nation’s banks [...] Mr. Geithner, who will announce the broad outlines of the plan on Tuesday morning, successfully fought against more severe limits on executive pay [...] He resisted those who wanted to dictate how banks would spend their rescue money. [...] [...] the American people have lost faith in the leaders of our financial institutions [...] [...] an initial cost of $250 billion to $500 billion [...] [...] A second component of the plan would broadly expand, to $500 billion to $1 trillion [...]

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