by Thomas Craig
The market is currently down almost 400 points. Do you know why? It's because of the clusterf*** on Capitol Hill. Treasury Secretary Geithner is explaining his Plan about how they are forming a plan. Its the Bank Plan about nothing! Sen. Shelby (R-AL) seems to be the only one on the Senate Banking Committee who understands this. Geithner is laying out an idea- an idea that the Banks need to be fixed. How and when are not currently part of the plan. This is unbelievable. The market tanked today because the market has no clue what is going on. Geithner wants to take troubled assets, sit on them like an egg, and then miraculously they are going to turn into gold. Even if Geithners magic pixie dust does work, nobody in the private sector knows or understands what exactly is going on. In the meantime, money is just going to keep being thrown at the problem. The credit crisis and banking industry are in trouble and need help? Well thank you Mr. Secretary. America didn't realize that. We do thank you for informing us that there is a plan to come up with a plan though. It would be funny if it wasn't so sad.
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