Rhetoric versus Action

[Frixxxx]

In a way to calmly pose the new administration's stance on items and have a healthy conversation, I pose this thread.
Saying you'll get things done and not actually doing the right thing I feel will be the way this administration goes. Trying not to upset the many will ultimately grow to political gridlock:

Administration "Tying Itself in Knots" to Avoid Doing Right Thing

Posted Feb 02, 2009 11:59am EST by Henry Blodget in Investing, Recession, Banking http://finance.yahoo.com/q?s=^gspc

Tech Ticker: The Obama administration is considering the so-called "bad bank" model in which the government would buy bad assets of financial institutions in an effort to unfreeze the credit markets. But don't big risks remain for valuing the assets? We get into the details with guest, Leo Tilman, president of strategic advisory firm L.M. Tilman & Co. and author of Financial Darwinism



http://finance.yahoo.com/tech-ticke...oing-Right-Thing?tickers=c,bac,xlf,^dji,^gspc

 

[Frixxxx]

Gotta love this one:

Negotiators hope that concept would placate both taxpayer and Congressional concerns about the government over-paying for the assets. But, the source noted, it could "trigger an accounting problem for the banks," presumably because the institutions will have to report a loss on the transactions.
The Obama administration is now working on ideas to address that, which might entail, a temporary suspension of certain accounting rules. :worried:

from:

http://finance.yahoo.com/news/White-House-Now-Plans-Limited-cnbc-14262370.html