Showing posts with label Tim Geithner. Show all posts
Showing posts with label Tim Geithner. Show all posts

Thursday, March 26, 2009

The plan announced this week by the US Treasury secretary Tim Geithner is designed to clear away a large load of so-called “toxic assets” clogging up America’s financial system. But what are these assets? And how will the plan work?

Financial Times provides a very good video explanation that even the beginners can understand.

The Geithner plan explained

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