April 14, 2009

Understanding The Financial Crisis IV: The Geithner Plan

J. W. Verret

Senior Affiliated Scholar

Garett Jones

Senior Research Fellow

The wait is over. The United States Secretary of the Treasury, Timothy Geithner, has presented his detailed plan to get the American Economy back to a sustainable and liquid state. The next step is for policy makers to pass legislation that will get this plan into motion. Policy makers and many Americans seem more than willing to try this plan, but the concern is with the outcome. How will this plan affect the financial system and the American Economy as a whole?

In part of four of our successful ongoing series, the Mercatus Center's Financial Markets Working Group presents a panel of experts to discuss and debate aspects of the newly presented Geithner Plan.