Bank rescue plan to be released early next week

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The Obama administration will release its much-anticipated plan torescue the banking sector early next week, a spokeswoman for theTreasury Department said Monday. Fixing banks is considered a crucialfirst step to ending the severe recession. The Treasury secretary,Timothy Geithner, has been meeting with top bank regulators to work onthe details of the plan. Geithner said last week that he does not wantto nationalize banks as some commentators have suggested. The price tagof the initiative may be a bitter pill for Congress to swallow. Severerestrictions on executives may be the price for approval of the planson Capitol Hill. Many economists believe the second half of the $700billion plan won't be enough to fix the banks. Reports say theadministration is considering a two-pronged approach to buy some toxicassets while offering guarantees against future losses on some others

Amy999

JL01

Thanks for heads up...

ChuChu888

target1

Thanks!

maplayer

1# 121212128
Only FIDC ins money needs to be backed up, other debts let bank file bankrupt.