Published 2/10/2009
at L.A. Times - Politics
The plan could cost as much as $2 trillion, the Treasury secretary says, and will be risky.
>
Treasury Secretary Timothy Geithner this morning unveiled the Obama administration's $1.5-trillion-to-$2-trillion plan for stabilizing the nation's malfunctioning financial markets, including a public-private partnership to boost lending, warning that the new strategy "will cost money, involve risk and take time."
(link)
Tags:
Related Content
TPMDC Morning Roundup
tpmdc.talkingpointsmemo.com 2/10/2009 — Today: Senate Voting On Stimulus Package
The Senate is set to vote today on President Obama's economic recovery package, which is assured passage after it cleared the 60-vote threshold yesterday to overcome a Republican filibuster. Next up, the bill ...
Obama unveils broader bank plan
politico.com 2/10/2009 — Geithner will warn Tuesday that a “dangerous dynamic” still threatens the nation’s financial system.
Ex-IMFer On Geithner's Speech: "This Is Not A Plan"
tpmmuckraker.talkingpointsmemo.com 2/10/2009 — Timothy Geithner's speech laying out the Treasury's plan for bailout 3.0 struck us as devoid of key details that might have settled some of the uncertainty and confusion surrounding the Obama administration's approach.
That's how it struck Simon ...