Larry Summers on the Treasury Toxic Asset Plan (10min.)

[LargoWinch]

I knew it, a new use for PPPs! Aren't these things handy?

And as a bonus, here is PIMCO's Bill Gross reaction to the Toxic Asset Plan:

Now, if you really have time to spare and you can stand Paul Krugman, I will embed this, but I will not call this a "bonus":

[marvenger]

Re: Larry Summers on the Treasury Toxic Asset Plan (10min.)

once the feds balance sheet is a few times bigger than the economy do you think they may cancel the treasury debts on their books? that'll help inflation

[cjppjc]

Re: Larry Summers on the Treasury Toxic Asset Plan (10min.)

Thank LargoWinch. I've been trying to get to these for hours. Good stuff.

[metalman]

Re: Larry Summers on the Treasury Toxic Asset Plan (10min.)

thx for posting, largo. this is why i don't read gross anymore... he's now part of the problem. that... and he sounds like he's been sucking on a helium balloon.

[D-Mack]

Re: Larry Summers on the Treasury Toxic Asset Plan (10min.)

thx for posting, largo. this is why i don't read gross anymore... he's now part of the problem. that... and he sounds like he's been sucking on a helium balloon.

"a few trilions here or there"

[nero3]

Re: Larry Summers on the Treasury Toxic Asset Plan (10min.)

I suspect Summers is partly insane, probably comes with the IQ, I saw signs of it when he was having an hour long speech on bloomberg, and gave off a weird smile, when he said there would not be more bubble driven booms, I think it was almost the only time he smiled. If there is a high priest of the 90-s bubble it's him.