Treasury Secretary Tim Geithner will be giving a press conference in follow-up to President Obama’s speech and press conference last night regarding the economic stimulus. What will be interesting to watch is any information on the public-private purchase of impaired bank assets. This will certainly be an interesting way to recapitalize the banking system. However, having worked in private equity (with public-private funds) for a number of years, there are number of things to look for. Let’s hear Secretary Geithner out, then come back here for some analysis.
If you are looking for the conference live on the internet, Bloomberg TV usually carries a live feed and is easily available (no guarantees, though). Go to: http://www.bloomberg.com/tvradio/tv/index.html
Or try CNBC.
. . . And that’s how it goes