The Obama administration is promising an aggressive effort to combat the worst financial crisis in seven decades, unveiling a program that could mobilize well over $1 trillion in public and private support to get the frozen credit markets functioning again.
Treasury Secretary Timothy Geithner said the new plan would bring the full force of the federal government to bear in a partnership with the private sector.
Geithner said that at the moment "critical parts of our financial system are damaged."
The new plan would greatly expand an effort to unclog credit markets that provide loans to consumer and businesses, mobilizing as much as $1 trillion for that effort. It would also create a partnership with the private sector to get bad assets off the books of banks.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus