Episode 84 • • 32:53 - 38:16
84: Jobs Justice and Climate
Geithner Public-Private Investment Plan and Toxic Assets
Secretary Timothy Geithner's plan to address toxic assets is analyzed as a massive transfer of risk to the taxpayer. The plan allows private entities to purchase assets with only 7% of their own capital, while the Federal Reserve and Treasury guarantee the remaining 93%, potentially exposing taxpayers to trillions in losses.