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Geithner Says Toxic Asset Plan Close to Finished

WASHINGTON (AP) - Treasury Secretary Timothy Geithner
says the Obama administration is close to finishing a plan to deal
with the toxic assets at the heart of the financial crisis.
Geithner has told interviewer Charlie Rose that they started
with "just a deep mess" but they'll keep at the problems until
they're fixed.
Geithner says the plan will be unveiled within the next couple
of weeks. It will provide government financing to private investors
who are willing to buy the bad assets clogging banks' balance
sheets.
The administration believes that by getting the bad loans and
other troublesome assets off banks' books, it will encourage
financial institutions to resume more normal lending to consumers
and businesses.


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