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economic stimulus, securities
(Image from article: "Geithner: Stimulus Working, Derivatives Blindsided Government")

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Geithner: Stimulus Working, Derivatives Blindsided Government

Geithner: Stimulus Working, Derivatives Blindsided Government

WASHINGTON — Despite persistently high unemployment, Treasury Secretary Timothy Geithner said Friday the Obama administration's economic stimulus plan is on the "expected path."

"There's been substantial improvements in arresting what was the worst recession globally we've seen in generations," Geithner told lawmakers Friday.

 

Fed to Buy $1 Trillion in Securities to Aid Economy

The Fed dramatically increased the amount of money it will create out of thin air to thaw frozen credit markets.

 

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