Securities Industry News
Securities group head sees Treasury asset buy plan
Wednesday, 11, Feb 2009
U.S. Treasury Secretary Timothy Geithner on Tuesday will likely announce a plan that involves the purchase of troubled assets from bank balance sheets, Tim Ryan, chief executive officer of the securities' industry's main lobbying group, said on Monday.
Ryan, CEO of the Securities Industry and Financial Markets Association and former director of the Resolution Trust Corp, also said he expects the Treasury will announce an expansion of its Term Asset-Backed Securities Loan Facility, or TALF.
