This story hit CNBC in the mid afternoon causing the stock market to plunge. Goldman first denied the story.-Lou
Geithner's Bank Plan Led To Hasty Goldman Meeting
How worried was Wall Street about a lack clarity in Treasury Secretary Tim Geithner's plan to save the banking system through the purchase of toxic debt? So worried that Goldman Sachs called a meeting to figure out how to fix the problem.
This meeting known as the "Goldman Sachs rountable" took place just hours after Geithner's speech (and the dismal market reaction) on Tuesday at the headquarters of Goldman Sachs in lower Manhattan.
Around 20 of the firm's biggest hedge fund and private equity clients from around the country showed up-a testament to just how concerned financial industry insiders are about what few details geithner presented
Read Article Here:
http://finance.yahoo.com/news/Geithners-Bank-Plan-Led-To-cnbc-14341805.html
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment