Word: plan
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...very least, the PPIP plan probably means that the proposed accounting change, which could be enacted as soon as the next few weeks, to mark-to-market rules has to happen. But even with the rule change, banks are still probably going to need more money the government in order to make the PPIP plan a success...
...Unless this plan pushes the clearing price for bonds up to $0.95, then I don't think the banks can participate," says Tyler Durden, a former Wall Street trader who now writes the popular finance blog ZeroHedge.com. "If the price is significantly less than that, banks are going to need more cash from the government or some other solution like nationalization to be able to survive...
...Although analysts credit the odd couple for playing tough with all sides, Rattner and Bloom's initial efforts are meeting with only moderate success. The stock market reacted negatively to the government's plan on Monday, with the S&P 500 dropping nearly 3.5% on fears that bankruptcy was inevitable for GM and Chrysler - a fear that the Administration did little to calm. President Obama, in his speech announcing the deal on Monday, tried to put a good face on things, laying out measures to save the companies, soften the blow to autoworkers and encourage auto sales with guaranteed warranties...
...Help for the Afghanistan Surge Obama's new plan for winning the war in Afghanistan and Pakistan is sweeping and resource-intensive, and it cannot be accomplished by the U.S. alone. "As America does more, we will ask others to join us in doing their part," Obama announced last week. "From our partners and NATO allies, we will seek not simply troops but rather clearly defined capabilities: supporting the Afghan elections, training Afghan security forces, a greater civilian commitment to the Afghan people...
...have not yet been announced publicly, though Obama's team has been working closely with many allies, both in Europe and beyond, to request specific aid. "We are making very specific asks," said Michelle Flournoy, an Under Secretary of Defense for Policy, who has been working on the Afghanistan plan. Obama plans to make a public pitch for international aid both at the NATO summit in Strasbourg on Friday and at the European Union summit in Prague on Saturday...