"Yet hoping for the best is what one sees in the stimulus programme and – so far as I can judge from Tuesday’s sketchy announcement by Tim Geithner, Treasury secretary – also in the new plans for fixing the banking system. I commented on the former last week. I would merely add that it is extraordinary that a popular new president, confronting a once-in-80-years’ economic crisis, has let Congress shape the outcome."
Tuesday, February 10, 2009
FT.com / Columnists / Martin Wolf - Why Obama’s new Tarp will fail to rescue the banks
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