US Treasury Unveil Cunning Plan
US Treasury Secretary Geithner is today expected to lay out details of his plan to address the issue of toxic banking assets. The Treasury's latest brainwave is to clear toxic assets off bank balance sheets will giving investors access to low-cost government loans that could effectively allow them to borrow as much as $6 for every $1 put down as equity.
Isn't that how we got into this mess in the first place?
Isn't that how we got into this mess in the first place?