Guns and Butter, for February 25, 2009 - 1:00pm
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"Obama's Banking Panic" with economic historian and author, Webster Tarpley. Today we define the crisis; discuss the Federal Reserve; the steps that ought to be taken; the Troubled Asset Recovery Program or TARP; foreclosures; the administration's Stimulus Package; the "bad bank" concept under Treasury Secretary Timothy Geithner, Larry Summers, Paul Volker and Austan Goolsbee; the upcoming budget, the Fiscal Responsibility Summit; and what lies ahead under present policies.