Markets are trashed and also at the same time running up deficit -- the worst of the combination -- big hedge funds are trashing mass.
WASHINGTON, Feb. 10, 2009(CBS/ AP) The Obama administration promised an aggressive effort to combat America's worst financial crisis in seven decades, unveiling a program that could mobilize well over $1 trillion in public and private support to get the frozen credit markets functioning again.
Treasury Secretary Timothy Geithner said Tuesday the new plan would bring the full force of the federal government to bear in a partnership with the private sector.
