Paulson to create "TIP" (of the iceberg program)?

[RonPaulR3VOLUTION]

WASHINGTON (AP) -- The Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial institutions.

The financial lifeline thrown to Citigroup Inc. in late November involved backing billions in risky assets and providing the banking giant with a fresh capital infusion.

Treasury said participation by other companies in such a program would be weighed on a case-by-case basis. Treasury said it would consider, among other things, whether the "destabilization" of a financial institution could threaten the viability of creditors and others. It also would weigh the extent to which the institution faced a loss of confidence because of the troubled assets it held.

The information was contained in guidelines for the initiative, dubbed the Targeted Investment Program, unveiled on Friday.

http://finance.yahoo.com/news/Treasury-to-mull-Citistyle-apf-13955018.html

http://www.tickerforum.org/cgi-ticker/akcs-www?post=77115

 

[torchbearer]

So the trick is... to get your company as big and cumbersome as possible so you can compete with those other banks who are already getting bail-outs?

 

[lodge939]

Notice how there has been no shocking news recently...and the stock market is moving sideways...people think the worst is over

People who can see behind the curtain, like Paulson, obviously are terrified, since they keep announcing these new programs

 

[Danke]

Notice how there has been no shocking news recently...and the stock market is moving sideways...people think the worst is over

People who can see behind the curtain, like Paulson, obviously are terrified, since they keep announcing these new programs

Sitting in a hotel room watching MSM (CNN, CNBC, etc.) all the talking heads were saying now is a great time to get back into the stock market. "Think long term." blah blah blah...

Fricken broken record.