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TARP 2
’The Kanjorski meme and the end of the world, redux
It looked on Wednesday last week like Felix Salmon had had the last word on what he earlier dubbed the Kanjorski meme – a little piece of web flotsam alighted upon by a number of blogs, among them FT Alphaville – the gist of which went something like this:
That’s nice Timmy, but we’ve got a few suggestions…
Apparently, the Goldmanati are concerned.
For starters, the new Treasury Secretary, Timothy Geithner, never worked at The Firm. For a second, he’s not exactly got the confidence of the markets at the moment.
Graphical stimulation
Confused about how $825bn $816bn $819bn might actually be spent in the US?
Well, the Washington Post have a lovely, cascading graphical breakdown of the House stimulus package, as dissected by the nonpartisan Congressional Budget Office.