Robert Stein 1924-2014

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Tuesday, March 31, 2009

Another Day, Another Obama Website

Today we get to help us with the alphabet-soup intricacies of keeping the banks alive and lending.

A glossary, called the “Decoder,” translates financial terms and acronyms related to the toxic-asset plan--the world according to not GARP but TARP, AGP et al.

A map shows the local impact of banks and financial institutions taking part in the Capital Purchase Program, which uses federal funds to encourage lending, and a searchable database lists the contracts and agreements that are part of the Financial Stability Plan.

Professor Obama promised transparency, but he didn't tell us how much homework would come with the course.

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