Thursday, September 18, 2008
Mmmm, this I HAVE to see! – No real article here but they are basically admitting defeat with these pointless cash injections.
U.S. Treasury and Federal Reserve officials are considering a ``permanent'' plan to address the financial crisis, Senator Charles Schumer said. ``The Federal Reserve and the Treasury are realizing that we need a more comprehensive solution,'' Schumer, a New York Democrat who chairs the congressional Joint Economic Committee, told reporters in Washington today. ``I've been talking to them about it and I may throw out a few of my own ideas this afternoon.'' The discussions focus on ``trying to do something more permanent'' after a series of government interventions in individual companies, Schumer said.