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  • Geithner Unveils Revised Bank Plan (Cost now: 2 trillion and climbing)

    02/10/2009 11:06:45 AM PST · by Syncro · 73 replies · 1,860+ views
    businessweek.com ^ | February 10, 2009, 12:07PM EST | Phil Mintz
    Geithner Unveils Revised Bank Plan The new program, which includes government spending and private-sector involvement, will buy more toxic assets from banks and support consumer and small business lending By Phil Mintz Treasury Secretary Timothy Geithner on Feb. 10 laid out details of the Obama Administration's revised bank rescue plan. It includes a program to purchase up to $500 billion in toxic assets on bank balance sheets and up to $1 trillion to support consumer and small business lending. he promised to impose "higher standards for transparency and accountability." The government has about $350 billion left in the TARP to...