Geithner: bought and paid for by the banks

In the news:

“In general, our objective will be to sell these warrants as quickly as we can,” Geithner told the Senate Banking Committee today. “What I’m reluctant to do is have the government be in a position where we hold these investments for a long period of time, longer than is desirable, in the hopes that we’re going to maximize value.”

Way to go Tim. You always get the best deal when you lay your cards face up on the table and tell what you plan to do and when you will do it.

Also, "as quickly as we can" ≠ "longer than desirable".


posted by Quiddity at 5/20/2009 09:36:00 PM