Saturday, May 09, 2009

George Stephanopoulos' Bottom Line:
Stress Test Result: No Bank Bailout II

Here's the bottom line on today's stress test results: Team Obama will not have to come back to Congress for more TARP money this year.

In fact, with at least $25-billion in paybacks from JP Morgan, Goldman Sachs and others, the TARP fund could actually grow in coming weeks.

That clears the congressional decks for the rest of the Obama agenda -- especially health care.
That is a very superficial reading of the situation. But not to worry, tomorrow, to help us all understand what's going on, ABC's This Week will have at the roundtable:
  • George Will
  • Cokie Roberts
  • Sam Donaldson
  • former Labor Secretary Robert Reich
Stephanopoulos typically calls a roudtable with the first three individuals a "Classic" roundtable, so it's probably going to be extra-special-good. Plan on hearing George Will talk about Toyota losing lots of money with the Prius (those stupid Japanese auto manufacturers!) and Cokie Roberts to opine that something is "interesting".


Post a Comment