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Keyword: geithnerplan
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The Geithner Plan
The Geithner Plan [David Freddoso] What to make of Treasury Secretary Tim Geithner's op-ed today in the Wall Street Journal, and his plan to save the financial system through a Public-Private Investment Program? Rep. Scott Garrett (R, N.J.), one of the few members of the House Banking Committee who really understands the issues involved and asks pertinent questions during hearings, told me that he has a few concerns with it. Among them: 1) Is a $500 billion to $1 trillion plan large enough to restore confidence for investors, when the size of the problem here is greater than $2 trillion?...
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