Tim Geithner’s new bailout plan, TARP 2: Financial Boogaloo, has received the most scathing response possible: Jim Cramer says it is a good idea.
And you know what’s ironic? I think that with this plan, [Geithner]’s actually got it right. The press, the pols, the Wall Streeters—they are all dumping their golden boy just when he’s figured out how to solve the most intractable set of financial woes since the ones that landed on FDR’s desk 76 years ago.
This plan is going to fail harder than a New Orleans levee. Thanks a lot, Jim.