Fed announce $1.5 trillion rescue plan

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Treasury Secretary Timothy Geithner on Tuesday produced his financialstability plan, saying he and other agencies will partner with privatecapital to create a fund for troubled bank assets that could produce upto $1 trillion in financing capacity. "We believe this program shouldultimately provide up to $1 trillion in financing capacity, but we planto start it on a scale of $500 billion and expand it based on whatworks," Geithner said in a speech. The Fed said it would expand alending program for consumer loans to $1 trillion.