Feb. 10 - The Treasury's new bank rescue strategy was dead on arrival, as far as Wall Street was concerned, with investors still unclear if the plan will work.
President and Founder of Balestra Capital James Melcher joins Daniel Bases to discuss general market positioning in the current climate, and what Geithner's anticipated plan means for the financial sector.
Feb 10 - The Czech presidency of the European Union calls an emergency summit, accusing some members of breaking bloc rules in efforts to shield their economies from recession.
Feb. 10 - Treasury Secretary Timothy Geithner unveils a revamped financial rescue plan designed to cleanse up to $500 billion in spoiled assets from banks's books and support $1 trillion in new lending through an expanded Federal Reserve program.
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