Treasury Looking at more Money

Treasury Secretary Timothy Geithner outlined a massive $2 trillion plan today that he said is meant to stabilize the nation's banking sector and restore the public's faith in the government's ability to handle the crisis.

Geithner said the American public has lost confidence in bank CEOs and is "skeptical that their government has -- to this point -- used taxpayers' money in ways that will benefit them."

"This has to change," Geithner said as he unveiled a new plan to use up to $2 trillion of taxpayer and private funds to stabilize the banking sector. - ABC News

More Money! Not just a little bit more either. How much money are you going to throw at this stuff. Where are we going to come up with all of this money? This is ridiculous. Maybe you should quit worrying about these banks and start bailing out us. If they would quick buying up bad debt and giving these banks money that they just waste would be a good start. Pay off peoples Credit Card Debt, arbitrarily reduce mortgage payments across the board, that would move money into the banking sector and free up spending from the bottom up. Quit trying to get the funds to trickle down. People would be less hit by the economy if we didn't have credit card bills and mortgage payments. It is our money you are spending, or at least our kids and grand-kids money. Instead of bailing out the banks bailout the public. It does the same thing just a different approach. If you pay off my Credit Card Debt, the money goes to the bank. So you are giving the bank the same amount of money, but you are eliminated my debt which frees up my money. I can then buy groceries, clothes, take trips, etc., all of which help the economy much much quicker.

I think I should have run for President. Not really.