By backing off from troubled asset purchases, Paulson has destroyed confidence in his effectiveness. His announcement almost immediately brought on the Citigroup debacle, with the result of spending far more on one bank than its share of a phased asset buyout, and has accelerated the collapse as described in this article. He should resign, effective as soon as a successor can be nominated and approved. Bush should appoint Geithner immediately.
We shall Praise The Lord at ALL TIMES! Now, times are tough and people want to pray. Good. When times get better, will they FORGET TO PRAY AGAIN? Know the Power of Prayer and Obedience to God. Seek His Wisdom and not your own. Repent! Be Blessed.
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By backing off from troubled asset purchases, Paulson has destroyed confidence in his effectiveness. His announcement almost immediately brought on the Citigroup debacle, with the result of spending far more on one bank than its share of a phased asset buyout, and has accelerated the collapse as described in this article. He should resign, effective as soon as a successor can be nominated and approved. Bush should appoint Geithner immediately.
We shall Praise The Lord at ALL TIMES! Now, times are tough and people want to pray. Good. When times get better, will they FORGET TO PRAY AGAIN? Know the Power of Prayer and Obedience to God. Seek His Wisdom and not your own. Repent! Be Blessed.
I'm glad you posted your comments here.
We are entering uncharted territory, it seems to me.
Whatever you do, pray, think, whatever; please don't forget your brothers and sisters, we can pull out of this together.
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