PDA

View Full Version : Geithner to unveil plan to combat banking crisis (AP)


Yahoo! Finance
03-23-2009, 08:20 AM
<b>Yahoo! Finance: Mutual Fund News</b>

The Obama administration is hoping it has finally come up with the right formula to resolve the nation's worst banking crisis in 70 years. The program Treasury Secretary Timothy Geithner will unveil Monday seeks to tap the resources of the government's $700 billion bailout fund, the Federal Reserve and the Federal Deposit Insurance Corp., as well as private investors.

complete story here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/090323/bank_rescue.html?.v=5)