The Geithner Plan

Posted in :

stlplace
Reading Time: < 1 minute

The plan
Tim Geithner (WSJ): My Plan for Bad Bank Assets (aka Public Private Investment Partnership, PPIP); Treasury dept press release.

Notice the PPIP will leverage the TALF program launched by Fed recently. Here is a picture explains how PPIP works with TALF. (click to enlarge)

talfbaitandswitch

I think it’s important to read those before reading others comments, no matter a guy is nobel laurate or a blogger. Blackrock and Pimco, two large asset (bond) managers, appeared like the plan.

Psychology Book
Influence: Science & Practice by Robert Cialdini

, , ,

Related Posts

  • Drove for Uber the 1st time – 我在美国开优步
    October 14, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">4</span> <span class="rt-label rt-postfix">minutes</span></span> 中文简体读者：这里有一个谷歌翻译的版本，可能不是最新的版本，但大意差不多。 Yesterday (Sunday) afternoon I drove for Uber the first time, after I thought and talked about it for a bit. Note I still have the day job – this is mostly to supplement my income, and also gain some experience/have some fun. I also wrote a Twitter/X thread here. A few things to do

    Read More
  • Where to stay in St. Louis – 圣路易斯住哪里比较安全
    October 11, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">2</span> <span class="rt-label rt-postfix">minutes</span></span> (11-03-2024 更新) 我上载了一个油管视频，是关于这个主题的，欢迎各种意见反馈。 (有人在小红书上问 #圣路易斯 哪里比较 #安全，我猜可能是华大学生，以下是我的回答）：综合考虑，建议住 #Clayton, #Brentwood, #Olivette 等。如果有上K-12的小孩，学区来讲，Olivette (Ladue), 和 Clayton 是密苏里公立学校/学区里面第一和第二名。Brentwood ranked 12th in the state of Missouri on Niche.com. 其它也有不少地方是安全的,比如 Kirkwood, Webster Groves, Maryland Heights, 绝大部份的 west county, south county. West county 和south county 要稍远一些。 我自己的的经历 我从2000年秋天到圣路易斯。一开始在Bridgeton (机场✈️附近）住了一年。住在那里的主要原因是当时我刚到圣路易斯，我有一个朋友住在那个小区，那个公寓离我上班的地方（办公室）也挺近。This is the apartment. I think it’s generally okay to live there –

    Read More
  • Goby Toothbrush
    October 2, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">2</span> <span class="rt-label rt-postfix">minutes</span></span> My 14 year old (when she was almost 14) decided to switch to this electric toothbrush given by the Orthodontist office and after a while she wanted to order the replacement toothbrush heads. This is not the most common electric toothbrush and I had to order the replacement heads at the their official website. But

    Read More
  • ‘Due Run
    September 21, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">< 1</span> <span class="rt-label rt-postfix">minute</span></span> 今天一大早，我家大娃第一次出城比赛，不是钢琴🎹或其它乐器，不是数学，sci-only, 是 XC( cross country #越野跑）😂. 兵分两路，老爸（yours truly) 将跑第八个’Due Run. 大概算了下，God’s Willing, 等小娃高中毕业🎓，还有八个’Due Run. 结果：两个人大概都跑了34分钟多一点😂 PS: 拉肚学区啥都卷，小朋友们卷小朋友的东西，家长们卷’Due Run. 我记得有一回黄大神带了胜跑群的一路神仙们席卷了不少奖牌🏅😂 Btw, I signed up this year’s Olivette Turkey Trot. I probably ran my 1st Olivette Turkey Trot 5K in year 2018. I signed up in year 2017 but I chickened out at the last minute. I

    Read More
%d bloggers like this: