http://splendidmarbles.com/2009/03/27/commentary/timmys-big-week/ cartoons and commentary Sun, 29 Jan 2012 13:53:44 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://splendidmarbles.com/2009/03/27/commentary/timmys-big-week/comment-page-1/#comment-4369 SplendidMarbles Mon, 30 Mar 2009 21:33:50 +0000 http://splendidmarbles.com/?p=2244#comment-4369 I agree that a firm hand is better than one that trembles with uncertainty, and that no one knows exactly what will work. I just think they're bending over backwards to entice private investors - and heaping too much risk on us. Also, Geithner (Obama) runs the risk of being too timid with regard to the size of the program (up to $1T) compared to the giant stinking pile of crud that is actually in the financial system (as high as $4T). I agree that a firm hand is better than one that trembles with uncertainty, and that no one knows exactly what will work. I just think they’re bending over backwards to entice private investors – and heaping too much risk on us. Also, Geithner (Obama) runs the risk of being too timid with regard to the size of the program (up to $1T) compared to the giant stinking pile of crud that is actually in the financial system (as high as $4T).

]]> http://splendidmarbles.com/2009/03/27/commentary/timmys-big-week/comment-page-1/#comment-4308 Sean OMalley Fri, 27 Mar 2009 18:13:11 +0000 http://splendidmarbles.com/?p=2244#comment-4308 Two things seem clear. First we are in the classic situation where it is more important that some give a clear plan and stick to it than that plan be right. One point in favor of Tim. Second the US government (and the Chinese) is the only party that can soak up these toxic instruments. The fact that they get any money out of the privite sector is a plus. Two things seem clear. First we are in the classic situation where it is more important that some give a clear plan and stick to it than that plan be right. One point in favor of Tim. Second the US government (and the Chinese) is the only party that can soak up these toxic instruments. The fact that they get any money out of the privite sector is a plus.

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