White House Nears Decision on Rodfather Bailout Plan
Treasury Secretary Hank Paulson told FOX News that he and other Bush administration officials are exploring the options and in the process of making a decision but declined to say when one would be reached.
FOXNews.com
Tuesday, December 16, 2008
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The White House was indicating Tuesday that short-term help is on the way to The Rodfather who is teetering on economic collapse after his football picks have shit the bed this season.The Bush administration has been gathering financial information from the The Rodfather since then and reviewing its options.
Treasury Secretary Hank Paulson told FOX News that he and other Bush administration officials are exploring the options and in the process of making a decision but declined to say when one would be reached.
"We've got some time," he said. "So we're not stalling. We're obviously moving ahead with all deliberative speed right here but we've got a little bit of time."
In Detroit, Sen. Carl Levin, D-Mich., said he expects Rodfather to get $250,000 from the Bush administration to get him through the NFL playoffs and Bowl games. He said Paulson likely would be tapped as a "tout czar" to oversee restructuring of his companies.
Paulson didn't discuss this possibility with FOX News but asserted that a failure of the Tout industry would not be good for the economy.
"I've said and I agree with the president said, that our economy is in a fragile state right now and failure is not a good thing," he said. "But the key thing is that any solution that there be put them on a long-term path to viability. That's absolutely critical."
Rodfather has said he could run out of cash within weeks without support from the government.
"An abrupt bankruptcy for all Tout services could be devastating for the economy," Bush told reporters Monday aboard Air Force One during a surprise trip to Iraq and Afghanistan. He said they were "now in the process of working with the all Tout services on a way forward."
Treasury Secretary Hank Paulson told FOX News that he and other Bush administration officials are exploring the options and in the process of making a decision but declined to say when one would be reached.
FOXNews.com
Tuesday, December 16, 2008
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The White House was indicating Tuesday that short-term help is on the way to The Rodfather who is teetering on economic collapse after his football picks have shit the bed this season.The Bush administration has been gathering financial information from the The Rodfather since then and reviewing its options.
Treasury Secretary Hank Paulson told FOX News that he and other Bush administration officials are exploring the options and in the process of making a decision but declined to say when one would be reached.
"We've got some time," he said. "So we're not stalling. We're obviously moving ahead with all deliberative speed right here but we've got a little bit of time."
In Detroit, Sen. Carl Levin, D-Mich., said he expects Rodfather to get $250,000 from the Bush administration to get him through the NFL playoffs and Bowl games. He said Paulson likely would be tapped as a "tout czar" to oversee restructuring of his companies.
Paulson didn't discuss this possibility with FOX News but asserted that a failure of the Tout industry would not be good for the economy.
"I've said and I agree with the president said, that our economy is in a fragile state right now and failure is not a good thing," he said. "But the key thing is that any solution that there be put them on a long-term path to viability. That's absolutely critical."
Rodfather has said he could run out of cash within weeks without support from the government.
"An abrupt bankruptcy for all Tout services could be devastating for the economy," Bush told reporters Monday aboard Air Force One during a surprise trip to Iraq and Afghanistan. He said they were "now in the process of working with the all Tout services on a way forward."
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