“U.S. Treasury chief Timothy Geithner on Tuesday unveiled a new bank rescue plan that would put $2 trillion to work mopping up bad assets and restoring credit, but stock markets plunged on fears it would not work.” (Reuters, Wednesday)
Rumpelstiltskin lives!
FEE Timely Classic
“The Free Market’s Invisibility Problem” by Joseph Packer
Wednesday, February 11, 2009
Market Underwhelmed by Geithner Bailout Plan