keywords: treasury secretary timothy geithner, financial bailout program
Synopsis: Treasury Secretary Timothy Geithner outlines his plans to overhaul the financial bailout program with a new Financial Stability Plan. He quotes President Obama by saying our economic strength is derived from the doers, the makers of things. The innovators who create and expand enterprises; the workers who provide life to companies; this is what drives economic growth. The financial system is central to this process.
“We will replace the current program with a new Financial Stability Plan to stabilize and repair the financial system, and support the flow of credit necessary for recovery. The Treasury's investments in institutions will be placed in a new Financial Stability Trust”.