A Bank Bailout Plan So Important,It Has To Be……DELAYED?!
How many times have we been told that Big Government has to act NOW! We can’t wait until tomorrow. Every day is a day closer to certain doom. Blah…blah…blah…and more blah. Now look at THIS!:
Treasury Secretary Timothy Geithner will outline the bailout plan in a speech at 11 a.m. EST (1600 GMT) on Tuesday, the Treasury Department said.
The announcement of the bank rescue plan — which will seek to shore up some of the biggest commercial banks in the United States — had been due on Monday.
Now you may be thinking “hey stooopid,they need the money first”. But this isn’t the upcomming stimulus funds that are being distributed in this “plan” (do they really have a plan or is this talk of a plan just more b.s.?). This is to distribute ALREADY approved TARP funds.:
Geithner had been scheduled to detail on Monday how the administration plans to use the $350 billion remaining of the $700 billion so-called Troubled Asset Relief Program financial bailout program.
If things are so desperate,why delay your plan on funds already approved for use?