Finance Loans, Payday Loans

February 16

Financial Plan Details Yet To Be Worked Out

Financial Plan Details Yet To Be Worked Out

http://www.latimes.com/news/nationworld/nation/la-na-fraud12-2009feb12,0,3435565.story

Treasury Secretary Timothy Geithner has rightly said that he needs some time to work out the details of the financial rescue package. This will help avoid any mistakes. US markets have, however, not given a warm welcome to the initial announcement of the rescue plan. The Obama administration is trying to rebuild the credibility of the Treasury’s financial rescue plan. Geithner’s predecessor Henry Paulson had to abandon the earlier plans of buying the toxic securities choking the country’s banking system in favor of buying stakes in lenders. Geithner’s plan proposes injection of fresh government capital into some financial institutions, purchase of toxic assets worth $1 trillion and promote lending through a credit facility with the Federal Reserve.

February 3

Obama With New Structuring Of CEO Pay Plan

Obama With New Structuring Of CEO Pay Plan

http://www.cnbc.com/id/28969219

The Obama administration is no longer busy with the finalizing of the much awaited ‘bad bank’ idea. They have a new and more urgent matter at hand. Before anything else, they need to suitably address the issue of Wall Street bonuses and executive compensation. This issue is expected to be addressed through the government’s TARP plan. The people too are eagerly looking forward to the Congress treating the matter seriously. Legislation is expected to cap executive compensation. And why not? On one hand, you want government aid to survive and on the other hand, you take home million-dollar bonuses? Shame on you!