Word: plan
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...bosses look bad. Americans are against bailing out the banks by more than 2 to 1 in some polls. Worse, the banks themselves are deeply mistrustful of anything government might force on them. The head of Wells Fargo told Bloomberg on Monday that a key part of Geithner's plan, the so-called stress test, was "asinine." (Read "Can Your Bank Pass the Stress Test...
...when Geithner rolls out more details of his plan later this week - this time on the tricky question of getting toxic assets off the banks' books - it will be a dangerous moment for him. Not only will the health of the banks and the economy depend on whether his new program is well received but Geithner's reputation will be on the line as well. Panned after he put out a vague framework on Feb. 10, the new Treasury Secretary has only so many chances to instill confidence. With the new bank plan, he's getting a second chance...
...Still, Wyden and Cooper's plan is considered a long shot. The political wisdom in Washington suggests that for any proposal to actually stand a chance, it would have to build on the existing employer-based system. For much the same reason, few believe that "single payer" health care - a government-financed system similar to Medicare - will be given any serious consideration. As one Administration official put it in describing the Wyden plan, "A lot of people think this is where the system should be 20 years from now, but no one sees how it can be there two years...
...hours on the tarmac - and the most delays over three hours in 2008. According to the watchdog group, Delta kept passengers on more than 300 flights waiting on the tarmac for three hours or longer last year. Southwest was given the "My Heavens" award for putting into action a plan to move passengers stuck on the tarmac off the planes and for providing food and water to those stranded. The group takes a strong stand against tarmac delays not just because they inconvenience passengers but also because they compromise safety. "I wonder if heroic Captain Sullenberger and his crew could...
Seaside Stimulus Plan. Florida's Marco Island Marriott Beach Resort has a $1 million rescue plan for its guests. For each night that you stay at the resort, you get a $200 credit for use in the dining room, at the spa or on the golf course. Credits will be given away to guests until the resort has doled out $1 million in freebies. Rates start at $529 per night; book using the promotional code LRW. The offer's good from March 22 to April 17. 400 South Collier Boulevard, Marco Island...