Foundation for Economic Education » Market Underwhelmed by Geithner Bailout Plan

Market Underwhelmed by Geithner Bailout Plan

Posted By Sheldon Richman

“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 ^[1], Wednesday)

Rumpelstiltskin lives!

FEE Timely Classic

“The Free Market’s Invisibility Problem” ^[2] by Joseph Packer

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/market-underwhelmed-geithner-bailout-plan/

URLs in this post:

[1] Reuters: http://uk.reuters.com/article/companyNewsMolt/idUKTRE5160AM20090211

[2] “The Free Market’s Invisibility Problem”: http://www.thefreemanonline.org/featured/the-free-markets-invisibility-problem/

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