"Bailout 2.0: financialstability.gov
In his speech due in a quarter of an hour, Treasury secretary Timothy Geithner, as well as pledging to restart the securitisation markets (somehow…), is going to declare that the US government’s bailout plans have so far been conducted with “limited transparency” and have “added to the public distrust”.
While we don’t expect this to mean that the Fed will be releasing details about its toxic holdings to Bloomberg anytime soon, it does mean there’s going to be another shiny change-we-can-believe-in web2.0 site…
Ta-da!
Visit financialstability.gov yourself. Links to webcasts of the imminent Geithner speech found therein.
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