The Plank

Tnrtv: Geithner’s Latest Multi-billion Dollar Gift To Banks

Simon Johnson, professor at MIT's Sloan School of Management, senior fellow at the Peterson Institute for International Economics, and co-founder of BaselineScenario.com, breaks down the rules announced by the Obama administration on Friday for pricing the stock options that banks must buy back from the government to exit the bailout program, warning of an impending political backlash.

--Ben Eisler

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