What Treasury's New Plan Means: John Jay, the Aite Group

Treasury Secretary Timothy Geithner has now outlined the Obama Administration's plan - this time with specificity -- to buy up bad bank assets and ease the credit crunch. But what's it mean to individual financial institutions? In an exclusive interview, John Jay of Aite Group discusses: First reactions to Treasury's plan; How the plan could succeed, and what could derail it; What it all means to mainstream banks and credit unions. Jay is a senior analyst at Aite Group, LLC. He specializes in fixed-income-structured products and technological applications involved in the structured products space. Aite Group is a leading independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry.