Sequels more often than not disappoint; so do remakes for that matter. Case in point: The Poseidon Adventure. Enough said.
When sequels and remakes are billed as being new and improved, well, that's usually a clue to high-tail it in the other direction. We're certainly hoping that's not the case with TARP II, which premieres Tuesday.
Treasury Secretary Timothy Geithner has promised radical changes in the Troubled Asset Relief Fund, created last fall to shore up the deteriorating finances of the nation's banks. At stake is the $350-billion second installment of the $700 billion bailout fund. The lack of transparency, accountability, and frankly, effectiveness, of the first bailout round elicited stinging criticism.
Tuesday, Geithner will unveil his new and revised financial bailout plan. A big difference this time around: the plan aims to add private funding as a new tool to address the toxic debt clogging banks' balance sheets. Joe Johns will take a close look at the toxic assets angle and explain how the Bailout 2.0 will work.
Also tomorrow, President Obama continues his grassroots push for his stimulus and recovery plan. He'll host a town meeting in Ft. Myers, Florida, where unemployment has spiked to more than 10 percent. While the president is selling the soap, the Senate will be voting on its $838-billion version of the stimulus plan. Ed Henry and Jessica Yellin will have all the details.
See you tomorrow at 10 p.m. ET!
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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