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ARTICLE · 12 FEBRUARY 2009

Take Two: Treasury Announces The Financial Stability Plan

Morrison Foerster
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On February 10, 2009, Treasury Secretary Geithner released an outline of his Financial Stability Plan, a sixpronged approach to “help restart the flow of credit, clean up and strengthen our banks, and provide critical aid for homeowners and for small businesses” with “new, higher standards for transparency and accountability.”

United StatesFinance and Banking
Amy Baumgardner
Amy Baumgardner
Anna Pinedo
Anna Pinedo
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On February 10, 2009, Treasury Secretary Geithner released an outline of his Financial Stability Plan, a sixpronged approach to "help restart the flow of credit, clean up and strengthen our banks, and provide critical aid for homeowners and for small businesses" with "new, higher standards for transparency and accountability." Secretary Geithner's only mention of the much maligned TARP was a passing reference to the "current program" being replaced.

The Financial Stability Plan is intended to be executed in a cohesive fashion by the U.S. Treasury Department (Treasury), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Federal Reserve) and other government agencies. To enhance transparency, all aspects of the plan are to be disclosed through a new website at www.financialstability.gov.

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