Treasury says it will wind down emergency program (fast approaching debt ceiling)

AP ^ | 09/16/09 | Martin Crutsinger

[TigerLikesRooster]

Treasury says it will wind down emergency program

Treasury says it will start winding down emergency rescue program to buy time for debt ceiling

By Martin Crutsinger, AP Economics Writer

On Wednesday September 16, 2009, 8:19 am EDT

WASHINGTON (AP) -- The Treasury Department said Wednesday it will begin winding down one of the emergency programs created at the height of the financial crisis to give the government more time before it hits the national debt limit.

[TigerLikesRooster]

This won't be the last time debt ceiling would be raised. They will do it again and again. I think Treasury and Wall St. took a page from Kim Jong-il's play book. Brinkmanship on the global scale: You finance our debt or We will ruin every one of you.:-)

[TigerLikesRooster]

Ping!

[GOPJ]

Thanks Tiger - what do you think - how long until the crash?

[TigerLikesRooster]

Maybe until next spring?

[Nachum]

The list, ping

[bruinbirdman]

Once government life support is withdrawn, what is the reality out there?

I see the Fed has just come out this morning with warnings concerning commercial real estate banking exposure.

yitbos