Housing Plan Delayed Yet Again…

No Hope for Homeowners here….it’s like a frakkin horror movie at this point….first you lost equity, then you stopped making repairs, now your house is pixxed and it’s fighting back!!!!!!

Never did I think I would YEARN FOR MARTY FELDSTEIN TO BE IN CHARGE!!! HE wants to help housing…

Larry Summers says the Geithner ‘High Noon’ speech is delayed til Tuesday, they don’t want to step on their Stimulus, NOW IMPROVED WITHOUT EDUCATION!!! The frakkers:

Politico has it:

Treasury Secretary Tim Geithner’s speech on his plans for the second half of the $700 billion bank bailout package has been postponed until Tuesday, Larry Summers said this morning on “This Week with George Stephanopoulos.” The speech had been slated for Monday, but Summers said that the the administration wanted to focus for now on the $800-plus billion economic stimulus package Congress is negotiating.

“I think there is a desire to keep the focus on the economic recovery program which is so very, very important,” said Summers, the former Treasury Secretary and head of the White House’s National Economic Council.

Larry, the SOOPER Genius who would not put mass transit in the bill is also LOWBALLING the housing number to 50b, which had previously been stated as 100b which is frankly, pretty scary, IT’S TEH HOUSING STOOPID!

There will be support for the credit markets more generally and absolutely critically, support and pressure that assures that these needless foreclosures are avoided…I expect there will be 50 billion dollars or more that will be directed at providing support for the housing sector of our economy.”

And ALL of us following the TARP KNOW they need MO MONEY which is why we don’t get why Schumer shot down every single HOUSING amendment offered by the GOP, oh yeah wouldn’t want THEM rescuing housing would we, but WILL ANYONE??

Summers said that Geithner will be proposing a program that will make certain that “we are stabilizing this system,” but didn’t answer when asked whether or not the administration will ask for hundreds of billions more dollars later to continue stabilizing financial markets and institutions, as many economists are predicting will be necessary….

…Asked again if there will be more money needed down the road, he said, “we’ll see what happens.”


February 8, 2009. Tags: , , , , , , , , , . Cabinet, CITI, citigroup, Economy, Film, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, TARP, Unemployment Statistics, Wall St.

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