Treasury Works on 'Plan C' To Fend Off Lingering Threats(commercial real estate)

http://www.washingtonpost.com/wp-dyn/content/article/2009/07/07/AR2009070702631.html ^ | 07/08/09 | David Cho and Binyamin Appelbaum

[TigerLikesRooster]

Treasury Works on 'Plan C' To Fend Off Lingering Threats

Troubling Issues in Lending Could Still Disrupt Economy

By David Cho and Binyamin Appelbaum

Washington Post Staff Writers

Wednesday, July 8, 2009

As the financial system tries to right itself after its near-collapse last fall, the Treasury Department has assembled a team to examine what could yet bring it down and has identified several trouble spots that could threaten the still-fragile lending industry.

Informally known as Plan C, the internal project is focused on vexing problems such as the distressed commercial real estate markets, the high rate of delinquencies among homeowners, and the struggles of community and regional banks, said government sources familiar with the effort.

Part of the mission is assessing which firms are the most vulnerable and trying to decipher what assets these companies hold and whether they pose a danger to the wider financial system. Plan C is a small-scale, relatively informal approach to a problem the administration hopes to address in the long term by empowering the Federal Reserve to oversee systemic risk.

[TigerLikesRooster]

Soon we are told that there is Plan D, followed by Plan E... It will go on. I suspect things will further deteriorate after the execution of each plan, but Goldman Sachs' bonus package will miraculously increase again and again.:-)

[TigerLikesRooster]

Ping!

[OB1kNOb]

[taxtruth]

There is no plan except more debt for the public via government parasites.They created this whole mess along with the sleazy bankers at the federal reserve,aka,crooks.

[Da Coyote]

“... has identified several trouble spots that could threaten the still-fragile lending industry....”

First on the list should be: Dimb-bulb-crats in congress.

[org.whodat]

That Bic lighter in the tunnel is about to run out of fluid.

[org.whodat]

There is no plan except more debt green ink and paper for the public to pay via government parasites.They created this whole mess along with the sleazy bankers at the federal reserve,aka,crooks.

BETTER

[Costumed Vigilante]

You humans are stupid. Stupid, stupid stupid...