Geithner plan to save securitisation fails to win industry fans

13 Feb 2009

The $2tr Financial Stability Plan presented by US Treasury Secretary Timothy Geithner on Tuesday received a mostly frosty reception at the American Securitization Forum conference in Las Vegas.

The heavily trailed plan had been keenly anticipated by the 4,000 or so attendees of the conference — down from 6,000 in 2008 — almost all of whom had a direct stake in the plan’s content. But the lack of details in the plan dismayed panellists and audience ...

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