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Archive Home > 2009 > February > 11 > Details undercut $2.5 trillion pledge

Details undercut $2.5 trillion pledge

Wall Street had been propped up for weeks in anticipation of a bailout overhaul. So why did stocks tank after the treasury secretary unveiled the new plan of attack?

By Stephen Labaton and Edmund L. Andrews / The Bulletin
February 11, 2009

WASHINGTON — The White House plan to rescue the nation’s financial system, announced Tuesday by Timothy Geithner, the treasury secretary, is far bigger than anyone predicted and envisions a far greater government role in markets and banks than at any time since the....

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