{"id":10161,"date":"2009-03-23T00:00:00","date_gmt":"2009-03-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"obamas-toxic-assets-plan-greeted-with-skepticism","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/obamas-toxic-assets-plan-greeted-with-skepticism.html","title":{"rendered":"Obama&#8217;s toxic assets plan greeted with skepticism"},"content":{"rendered":"<p class=\"ap-story-p\">Associated Press &#8211; The Obama administration&#8217;s latest plan to help banks get credit flowing again is drawing a tepid reaction from investors and academics, who say the proposal comes with too many strings attached and is unlikely to stimulate lending industrywide.<\/p>\n<p class=\"ap-story-p\">And even if banks are willing to start lending more money, they wonder if many people will be able to take on more credit until the economy gets going again.<\/p>\n<p class=\"ap-story-p\">&quot;We went on a borrowing binge,&quot; said Hugh Johnson, chairman and chief investment officer of Johnson Illington Advisors. &quot;Debt levels, especially in households, are too high or unmanageable.&quot;<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/hosted.ap.org\/dynamic\/stories\/B\/BANK_RESCUE_REACTIONS?SITE=AP&#038;SECTION=HOME&#038;TEMPLATE=DEFAULT&#038;CTIME=2009-03-22-18-39-41\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Associated Press &#8211; The Obama administration&#8217;s latest plan to help banks get credit flowing again is drawing a tepid reaction from investors and academics, who say the proposal comes with too many strings attached and is unlikely to stimulate lending [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2572,8294,4306,9434,1742,9432,4602,9215,9431,4504,9433,48,2059,6706],"class_list":["post-10161","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-academics","tag-associated-press","tag-banks","tag-binge","tag-chief-investment-officer","tag-debt-levels","tag-economy","tag-households","tag-hugh-johnson","tag-investors","tag-johnson-illington-advisors","tag-money","tag-obama","tag-proposal"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10161"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10161\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}