Jump to content
Sign in to follow this  

Treasury rolls out revamped bank rescue plan

Recommended Posts

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



                                               Look at the flowers

Share this post

Link to post
Share on other sites

Sign in to follow this  

  • Create New...