New bank-rescue plan earmarks $1 trillion for TALF

02/11/2009 | Bloomberg Businessweek

The revised bank-rescue plan Treasury Secretary Timothy Geithner outlined Tuesday includes up to $1 trillion to expand the Term Asset-Backed Securities Loan Facility so consumers and small businesses can get financing. Geithner's plan would increase federal loan guarantees through the Small Business Administration and speed up the approval process.

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