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Dates: during 2000-2009
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Treasury Secretary Tim Geithner has a problem. On the one hand, he has to act to save the banks if he's going to start credit flowing and get the U.S. economy back on track. On the other hand, doing so makes him and his 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...

Author: /time Magazine | Title: Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan | 3/17/2009 | See Source »

...their money isn't being wasted is no easy task. Geithner has said the government may put up as much as $1 trillion in loans and guarantees to subsidize the sale of the toxic assets to private investors. Though the government could get back the money if the assets start trading again, many Americans see it going down a sinkhole. Says Democratic pollster Mark Mellman: "There's a narrative out there in the public mind that the government's bailing out banks" - in other words, helping rich bankers keep their summer homes. (See pictures of expensive Modernist houses...

Author: /time Magazine | Title: Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan | 3/17/2009 | See Source »

...Vegas Boulevard South; 866-815-4365) and Monte Carlo (3770 Las Vegas Boulevard South; 888-529-4828) hotels are offering guests breakfast and another meal at two for the price of one, plus half-off drinks at the Brand Steakhouse or any bar at New York New York. Rates start at $59 a night, through April 12. (See 10 things to do in Las Vegas...

Author: /time Magazine | Title: Unemployment Special: Travel Steals and Freebies | 3/16/2009 | See Source »

...offering a suite of rebates with its "Experience More" package. Stay in a deluxe room, and get a $150 rebate for one night or a $325 rebate for two nights. Stay in a suite and get a $200 rebate for one night or $425 for two nights. Rates start at $425. The offer is good through Dec. 31. 160 East Pearson Street, Chicago...

Author: /time Magazine | Title: Unemployment Special: Travel Steals and Freebies | 3/16/2009 | See Source »

...Forward. For each three-night stay you book with the Sol Melia hotel group - which includes Paradisus Resorts in Costa Rica, ME by Melia Hotels in Madrid and Gran Melia Hotels & Resorts in Cancun - you'll get a free night's future stay at any property. Rates vary but start at about $199 to $279 per night. 888-95-MELIA...

Author: /time Magazine | Title: Unemployment Special: Travel Steals and Freebies | 3/16/2009 | See Source »

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