Politics Barack Obama

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  • Treasury Secretary Geithner unveiled a revamped financial rescue plan to clean up to $500 billion in bad assets and support $1 trillion in new lending

  • Bank stocks and the rest of the market dropped as details of the Geithner speech have leaked out.

  • President Barack Obama went on the PR offensive against the members of Congress that are not supporting the stimulus package, says Andrew Busch.

  • The Obama Administration unveiled a comprehensive Financial Stability Plan on Tuesday. Here is a summary of the Treasury's latest bank-rescue plan.

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    The Treasury's latest financial-rescue plan is expected to use a variety of methods to take bad assets off of banks' books, including encouraging private firms to buy up the toxic debt, sources told CNBC.

  • US stocks headed for a negative open Tuesday as investors braced for the unveiling of the government’s latest bank bailout plan, which could relieve toxic assets from the balance sheets of bad banks.

  • Talk about a busy day: we have Mr. Bernanke testifying, Treasury Secretary Geithner speaking, the Senate voting on the stimulus bill, and a huge Treasury auction at 1 PM.

  • US stocks headed for a negative open Tuesday as investors braced for the unveiling of the government’s latest bank bailout plan, which could relieve toxic assets from the balance sheets of bad banks.

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  • Investors are eager to see the details of a stimulus package to help the US economy on which the Senate will vote today. Some experts tell CNBC it will signal the beginning of the end of the economic crisis, but others say it will not bring immediate relief.

  • Uncle Sam taking money out of your wallet

    The Treasury's latest financial-rescue plan is expected to use a variety of methods to take bad assets off of banks' books, including encouraging private firms to buy up the toxic debt, sources told CNBC.

  • Jim Rogers talks commodities at the World Money Show in London.

    The new financial rescue plan may not work and could even make things worse because it plunges the US further into debt and it is designed by the same people who failed to forecast the crisis and take measures, legendary investor Jim Rogers told CNBC Tuesday.

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    The Treasury's latest financial-rescue plan is expected to use a variety of methods to take bad assets off of banks' books, including encouraging private firms to buy up the toxic debt, sources told CNBC.

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    The financial-rescue plan is now expected to include a new form of "bad bank" that would  take bad assets off of banks' books. Earlier, CNBC.com reported that the "bad bank" concept had been dropped, but sources said a new version of that plan has emerged instead

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    The Obama Administration's new bank bailout plan is expected to include a new form of "bad bank" that would essentially combine public and private resources to take bad assets from banks' books.

  • Stocks ended mixed Monday as the much-anticipated bank-rescue plan was delayed for another day. Banks jumped amid hopes the bailout will save the stocks.

  • A beautiful day for our parent company. General Electric up nearly 14 percent, its best one-day gain since at least 1962.

  • $700 billion in TARP. Billions more in TALF. The federal government has stabilized the banking system. So why can't you get a car loan?

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    If Fast Money readers are any indication, America is both concerned and confused about the stimulus. 

  • US stocks opened lower Monday as the much-anticipated bank rescue plan was delayed for another day.