Geithner Unveiling New Bank Plan Treasury Secretary Tim Geithner is rolling out the new bank rescue plan today, with a new op-ed piece in the Wall St. Journal explaining the workings of the Public-Private Investment Program, which involves the government partnering with private investors to purchase between $500 billion and $1 trillion in assets that are now clogging up the financial system. “Our approach shares risk with the private sector,” Geithner writes, “efficiently leverages taxpayer dollars, and deploys private-sector competition to determine market prices for currently illiquid assets.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=144656