Treasury Offers "Financial Marshall Plan": Peter Vinella, LECG Financial Services

The financial markets responded positively to Treasury Secretary Timothy Geithner's newly-announced plan to buy up bad bank assets and ease the credit crunch. And so does industry expert Peter Vinella, global head of consulting for LECG's financial services sector, who likens it to a "financial Marshall Plan" for rebuilding the industry. In an exclusive interview, Vinella discusses: The positive ramifications of Treasury's plan; What the plan needs to succeed - and what could threaten it; Why this plan is good news for community banking institutions. Peter U. Vinella is a managing director in LECG's Emeryville office and has more than 20 years of experience in the financial industry. He has worked with the US Congress and GAO on a variety of issues including TARP/ESSA, program trading, derivatives regulations and the impact of September 11th on the US financial system. LECG, a global expert services and consulting firm, provides independent expert testimony, original authoritative studies and strategic advisory and financial advisory services to clients including Fortune Global 500 corporations, major law firms, and local, state, and federal governments and agencies worldwide.