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The Administration may seek to block such maneuvers.
Good luck with that.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Fri Apr 3rd, 2009 at 05:59:09 AM EST
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Isn't that very possibility in fact the goal of Giethner's plan?  ALL LIABILITY TO THE TAXPAYER!

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Apr 3rd, 2009 at 01:00:10 PM EST
[ Parent ]
Obama may not know diddley squat about economics, but he's a decent lawyer. Can he not understand on a legal basis the petard Geithner is hoisting him on?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Sat Apr 4th, 2009 at 04:04:19 AM EST
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One would think....Perhaps he fears that a politically premature move would doom his administration and give the country eight more years of Republicans.  While I don't want that, it might not make too much difference if political opportunity comes too late for the economy.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Apr 4th, 2009 at 12:17:16 PM EST
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