User 143167

Geithner's Superfund Is the Real Deal

Throw the Fed in as the supporting tranch will not solve the problem, the Fed doesn't have the capital. If the Fed is allowed to print money to compensate for any real losses it incurs in the superfund in the future, then this plan might be workable. However, at this point of time, Geithner can say that very clearly. He tries to let the congress believe that this plan won't cause any taxpayers money and at the same time, try to let the potential private investors believe that the Fed is the government trust backed by taxpayers money.