05:54 PM
Connect Directly

Geithner Has Four Choices for Banks Tomorrow, WSJ Editor says.

The Treasury Secretary has four options—all "tweaked" versions of the Bush Administration proposals—for revitalizing the banking sector, David Wessel the economics editor of the Wall Street Journal, told WNYC radio today. Treasury Secretary Timothy Geithner is to unveil his bank plan tomorrow, Tuesday.

Wessel says Geithner will likely offer some combination of : 1) providing more capital to the banks but on different terms from his predecessor Hank Paulson; 2) having bad debts bought in a public-private partnership that limits government exposure; 3) boosting student loans; 4) helping homeowners with a $50-billion workout package.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology - August 2014
Modern core systems are emerging as the foundations of effective channel integration and customer engagement initiatives.
Bank Systems & Technology Radio