Rescue's 1st steps

Treasury official Kashkari outlines plans - including equity stakes and buying assets. Paste this link into your favorite RSS desktop reader A shocking series of events that forever changed the financial markets. NEW YORK (CNNMoney.com) -- A top Treasury official on Monday outlined the government's multi-prong effort to bail out the United States financial system and resuscitate the economy, though he offered few details on how the plan will be carried out. Using authority granted in the $700 billion rescue plan passed by Congress 10 days ago, the Treasury Department is moving on five fronts. They are: "Treasury is implementing its new authorities with one simple goal - to restore capital flows to the consumers and businesses that form the core of our economy," said Neel Kashkari, interim assistant secretary for financial... [read full story]