CNN TV SCHEDULE ANCHORS REPORTERS CONTACT US

March 23, 2009
Posted: 1452 GMT

Hello everyone,

TARP is so last year. Today, it's all about PPIP. The "Public-Private Investment Program," the details of which were unveiled today by the busiest man on earth, U.S. Treasury Secretary Tim Geithner.

This is a "take two" of the plan Geithner first presented a month ago. At the time, investors were frustrated by the Secretary's lack of detail. Today, markets are cheering.

Wrapping your head around PIPP intricacies first thing in the morning isn't easy. It's basically removing "toxic assets" from the balance sheet of banks.

But Tim Geithner wants private investors (with government help) to buy back bad loans from banks. The goal is to finally give banks a clean slate to start lending again so consumers can start spending again.

Or at least that's the hope. We'll talk with Stephen Moore of the Wall Street Journal's editorial page where Secretary Geithner today published the details of his plan. Will this work? We'll ask him.

Join us for that and the rest of the day's news in a few hours at the I-Desk.

And don't forget to vote in today's poll on South Africa blocking the Dalai Lama from attending a peace conference in Johannesburg.

See you on air,

Hala

Posted by: ,
Filed under: Today At The I-Desk


Share this on:
Dirk   March 24th, 2009 1:06 pm ET

Hi Hala,

Will be watching! If you need help with twitter, plz give me a tweet!

grtz

Dirk

Leave Your Comment


 

Comments are moderated by CNN, in accordance with the CNN Comment Policy, and may not appear on this blog until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.


subscribe RSS Icon
About this blog

International Desk brings viewers into the heart of the largest news gathering operation in the world. Viewers don't come here to watch the news; they come here to be immersed in it. To feel the rush of being the first to know what's happening as stories break, and to leave knowing they've gotten the best and latest information available. The show airs Mon-Fri at 1900 CET.

Categories
Powered by WordPress.com VIP