The economic stimulus

Local economist explains new bank rescue plan

Treasury Secretary Timothy Geithner announced a plan this morning to have the government team up with private investors to buy up to a half-trillion dollars of bad bank assets to ease credit for consumers and businesses. The initial reaction from Wall Street is positive. What will this mean for consumers and businesses?

Guests

• Edward Lotterman: Economist and professor at Augsburg College in Minneapolis. Former regional economist at the Federal Reserve Bank of Minneapolis.

Resources

• more about Ed Lotterman