Posted by Stacy Ozol
on March 23, 2009
Geithner Plan,
Talk Back Question /
2 Comments
Treasury Secretary Timothy Geithner says the only way to remove troubled assets clogging banks’ balance sheets is to work with the private sector. To encourage investors to buy those assets, the U.S. government will offer lucrative subsidies and shoulder much of the risk.
Geithner’s three-pronged program, unveiled Monday, envisions the creation of a series of public-private investments to soak up $500 billion, and maybe as much as $1 trillion, in troubled loans and securities at the heart of the financial crisis.
Do you think Geithner’s plan will help turn the market around?
Posted by Pat Sullivan
on February 11, 2009
Geithner Plan,
Talk Back Question /
4 Comments
U.S. Treasury Secretary Timothy Geithner announces a wide-ranging financial sector rescue plan that will ideally involve a mix of government and private capital and that aims to stabilize the U.S. financial system. The plan could cost upward of $1 trillion to implement.
Will the plan fix what is wrong with the U.S. banking system?
Tags: bank bailout, Banking, Banks, economic stimulus, Recession, Restructuring, Retention bonuses, TARP, U.S. Economy
