Friday, January 14, 2011

Geithner warns of future intervention

By Alistair Barr, MarketWatch
Jan. 13, 2011, 8:39 p.m. EST

SAN FRANCISCO (MarketWatch) — Treasury Secretary Timothy Geithner warned that the U.S. government may have to take control of major financial institutions again if there’s a crisis as big as the last one, according to a report released Thursday by a group overseeing the Troubled Asset Relief Program.    LINK...
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Something stinks to high heaven here? Last week Mr. Geithner asks Congress to raise the ceiling on the government debt, now he's warning of another crash? There seems to be no end in sight to the debt problems and yet "The Market" is still in rally mode and Gold is less than $2,500?
Don't worry folks the recovery is just around the corner, right beside the swamp land for sale in Florida.   BK