Politics

摘要

Tim Geithner unveiled a long-awaited rescue plan for America's financial system.rnThe treasury secretary said banks would get more government cash if they need it, the Federal Reserve would expand its lending programme and private investors would be given incentives to buy toxic assets, among other ideas. Stockmarkets reacted by falling sharply, however, as Mr Geithner provided little detail about how the $2.5 trillion plan, much of which was guessed at in advance, would actually work.