Geithner Highlights Details of Financial Bailout Plan
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Treasury Secretary Tim Geithner discussed the highlights of this new financial bailout plan:
1. Banks to go through Stress Test
2. Public-Private investment fund targeted to legacy loans. The plan will start at $500 billion and move up to $1 trillion
3. $1 trillion for the TALF, to target consumer lending
The Treasury will also launch a comprehensive housing program, with details coming in the next few weeks.
1. Banks to go through Stress Test
2. Public-Private investment fund targeted to legacy loans. The plan will start at $500 billion and move up to $1 trillion
3. $1 trillion for the TALF, to target consumer lending
The Treasury will also launch a comprehensive housing program, with details coming in the next few weeks.
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