In my last blog, I had posted a video clip that argues that the US$700 billion Bailout Plan is now Uncertain, and possibly in a mess. To be fair to Treasury Secretary Hank Paulson, and more importantly, so that we are not biased, we should listen to his explanation / paradigm as to what happened, and why he is doing what he is doing, in his interview with CNBC Interviewer, Erin Burnett.
I would also like to compliment Mr. Neil Kashkari, Head of TARP (Troubled Assets Relief Program), for making this statement: -
"I don't think that it is good use of taxpayer's money to put taxpayer capital into financial institutions that are going to fail."
Best wishes,
I would also like to compliment Mr. Neil Kashkari, Head of TARP (Troubled Assets Relief Program), for making this statement: -
"I don't think that it is good use of taxpayer's money to put taxpayer capital into financial institutions that are going to fail."
Best wishes,
Ooi
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