Treasury secretary Timothy Geithner is slated to present the Obama administration's plan to stabilize the financial section and address the foreclosure crisis on Feb. 10. It appears Mr. Geithner will offer banks a menu of options so they can apply for new capital infusions, sell bad assets to the government and receive assistance in modifying troubled single-family loans. The new secretary has been rushing to put this plan together and it is unclear how soon the various parts can be implemented. Secretary Geithner is expected to unveil the plan at a Treasury Department event in the morning and testify before the Senate Banking Committee later in the afternoon about the plan.
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