Obama Administration's Bank Rescue Plan

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Last month, Treasury Secretary Tim Geithner's outline of plans to stabilize the banking system was panned as being short on substance. Today, when details were explained, stocks soared on Wall Street and markets around the world.  President Obama said the public-private partnership will allow banks to get bad assets off their books. Michael Crittenden is finance reporter for Dow Jones Newswires.

Credits

Guest:
Michael Crittenden - Reporter, Dow Jones Newswires

Host:
Warren Olney

Producers:
Katie Cooper, Sonya Geis, Christian Bordal