White House bailout plan announcedPosted on
Treasury Secretary Timothy Geithner yesterday laid out the White House’s plan to rescue the financial system, and it is bigger than expected, with government playing a larger role in markets and banks.
Under the plan, administration officials will pump as much as $2.5 trillion into the financial system — $350 billion of it from the TARP fund, according to a report in The New York Times.
Many of the details of the program, however, remain unsettled.
Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!
Basic subscription: Registered members get free access to 10 premium content stories each month!
Individual subscription: $29 for unlimited site access for one year.
Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.
Corporate subscription: $300 for unlimited site access for all members of a company for one year.
You may close this dialog after seconds.