U.S. offers $2 trillion bank plan but stocks slump

Geithner crafts rescue

WASHINGTON (Reuters) - U.S. Treasury chief Timothy Geithner on Tuesday unveiled a new bank rescue plan that would put $2 trillion to work mopping up bad assets and restoring credit, but stock markets plunged on fears it would not work.
Factbox: Details on the rescue plan
Full text of Geithner's announcement