Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Compliance

05:54 PM
Connect Directly
RSS
E-Mail
50%
50%

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
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.