New Bank Bailout Includes Big Bucks, Big Questions

Law360, New York (February 10, 2009, 12:00 AM EST) -- U.S. Treasury Secretary Timothy Geithner unveiled the Obama administration's eagerly awaited banking system bailout plan Tuesday, saying that a new program was necessary even as Americans had lost faith in their financial institutions and the government's ability to handle the complex and dangerous economic crisis.

The plan includes up to $1 trillion for purchasing bad assets from banks and another $1 trillion for boosting consumer and business lending, as well as increased transparency compared with the prior banking rescue plan and previously announced restrictions on compensation...
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