Interest Rate Roundup

Tuesday, February 10, 2009

Bailout rollout gets the Bronx cheer; Bernanke comments on the credit markets

If you're interested in the full text of Treasury Secretary Tim Geithner's speech from this morning, you can read it here. But I'll sum it up by saying that it contains a lot of talk, with few details. Everyone is kind of sitting around and asking, "That's it? No real details on the plan? No real idea of how these assets are going to be priced?" The market is not pleased, with the Dow down around 280 points at last count.

UPDATE: Here are Fed Chairman Ben Bernanke's comments on the Fed's credit support programs, recently posted on the web. I don't see anything really new here.


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