Concerns about the Treasury Rescue Plan – Financial Markets, Financial Institutions, Federal Reserve, Governance, U.S. Economy, Douglas W. Elmendorf, Senior Fellow, Economic Studies, The Brookings Institution, September 19, 2008

• “Amid continued tumult in financial markets, the Treasury Department has developed a systematic plan to stabilize the financial system. Observers have been worried that the huge losses suffered by both long-term shareholders and recent investors in financial companies have made it impossible for these firms to raise enough new capital to work their way out of the current crisis. In response, the Treasury plan would inject significant amounts of government funds into these companies.”
• Related postings on financial system