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February 11, 2009



From Barry's presser on Monday night:

I don't want to preempt my secretary of the Treasury; he's going to be laying out these principles in great detail tomorrow. But my instruction to him has been let's get this right, let's create a template in which we're restoring market confidence. And the reason that's so important is because we don't know yet whether we're going to need additional money or how much additional money we'll need until we've seen how successful we are at restoring a sense of confidence in a marketplace that the federal government and the Federal Reserve Bank and the FDIC, working in concert, know what they're doing.



and then let guys run these banks earn up to 500K a year so we get the best men available for the job so this never happens aagain.

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