Delays, Delays in Treasury Plan

Treasury Secretary Geithner has delayed plans to announce his new bank bailout. The financial markets aren't happy about it, according to the futures. I wonder if this is revealing an internal conflict in the Obama administration, since the article presents various unresolved questions regarding important items that will be in the plan. "Where do we go from here?"

From Bloomberg:

Some aspects of the plan, to be announced by Geithner tomorrow in Washington, have been settled. They include a new round of injections of taxpayer funds into banks, targeted at firms identified by regulators as most in need of new capital, people briefed on the matter said. A Federal Reserve program designed to spur consumer and small-business loans will be expanded, possibly to include real-estate assets, they said.
Still outstanding is the issue Geithner’s predecessor failed to address: the illiquid assets that have caused the credit freeze. Officials continue to consider a so-called bad bank to buy them, perhaps in cooperation with private investors, such as hedge funds and private equity. It’s unclear how big a role there’ll be for federal guarantees of securities that remain on banks’ balance sheets.

Here is the full story.