Copied and Posted by Yi-Xin Jin (Lily)
Barack Obama's administration has unveiled a detailed $100 billion (£69 billion) plan designed to give the ailing economy a major boost by luring private investors into taking over up to $1 trillion in "toxic" assets.
Six weeks after Tim Geithner, the US treasury secretary, sent the Dow Jones Industrial Average plummeting with an uncertain speech about a bank plan that lacked specifics, he made another attempt to win Wall Street over.
The US government could not bear sole responsibility for getting credit markets functioning again, Mr Geithner insisted. "For these programmes to work, investors have to be prepared to take some risk."
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