Is President Obama’s Banking Bailout Plan Destined to be a Dud?
Feb 18th, 2009 | By Peter D. Schiff | Category: Financial NewsThere is nearly universal agreement that the opening salvo of the Obama administration’s campaign to restore health to the financial system, delivered last week by new U.S. Treasury Secretary Timothy F. Geithner, fell with a loud and ugly thud. The most common criticism is that the announcement was short on detail.