Old Project Avalon Forum (ARCHIVE) - Obama team weighs government bank to ease crisis

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Obama team weighs government bank to ease crisis

Obama team weighs government bank to ease crisis;

By Tim Ahmann
WASHINGTON (Reuters) - The incoming Obama administration is considering
setting up a government-run bank to acquire bad assets clogging the financial system,
a person familiar with the Obama team's thinking said on Saturday.

The U.S. Federal Reserve, Treasury and Federal Deposit Insurance Corp have been
in talks about ways to ease a banking crisis that is once again deepening --
and a government-run "aggregator bank" is among the options

article here;
http://finance.yahoo.com/news/Obama-...-14091318.html

Re: Obama team weighs government bank to ease crisis

Yay, more government involvement!

NOT!