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Ladywriter

Treasury rolls out revamped bank rescue plan

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Stricter bailout bank rules imposed

WASHINGTON - Treasury Secretary Timothy Geithner said Tuesday the new administration will wage an aggressive two-front battle against the worst financial crisis in seven decades, while the Federal Reserve is expanding a key lending program to up to $1 trillion.

Speaking at the Treasury Department Tuesday morning, Geithner unveiled a revamped bank rescue plan for the financial sector. But investors appeared to reject the government’s latest plans. The Dow Jones industrial average plunged as financial stocks led the market lower, reflecting Wall Street’s growing concerns about the government’s ability to revive the banking industry.

Geithner's speech is long but its worth watching yo

:sigh:


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                                               Look at the flowers

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