ASF grapples with Geithner plan

While Tim Geithner, the new US Treasury Secretary, was this week unveiling plans to take up $1tr from banks’ balance sheets, the securitisation industry was gathered in Las Vegas for the American Securitization Forum’s annual talking-shop. With even Fed officials in attendance at the forum publicly worrying that acceptable pricing mechanisms for troubled assets are as far away as ever, what hope is there for success of the initiative? Read EuroWeek on Friday for full coverage of the Geithner plan and the industry’s response to it.