The discussion of U.S. government and Central Bank intervention during the current economic crisis and educational sources to aid with a better understanding of the crisis unfolding
Geithner thinks if the Federal Reserve could supervise all financial institutions, then the 2008 panic would have never happened. Giving more power to the entity most to blame for the crisis (the Federal Reserve), is not going to save the economy; it's going to make the next crisis even worst.
"The Governing Council of the European Central Bank (ECB) has decided to temporarily suspend the eligibility of marketable debt instruments issued or fully guaranteed by the Hellenic Republic for use as collateral in Eurosystem monetary policy operations. This decision takes into account the rating of the Hellenic Republic as a result of the launch of the private sector involvement offer."
"Military service organizations are opposing the healthcare changes and say the Pentagon is 'means-testing' benefits for service personnel as if they were a social program, and not something earned with 20 or more years of military service."