Financial Stability Plan

Treasury Secy. Timothy Geithner released a statement concerning the basic form of the Financial Stability Plan. Aside from that brief outline, he announced a new website called FinancialStability.gov, which holds a fact sheet with more details.

The core program elements include:

A new Capital Assistance Program to help ensure that our
banking institutions have sufficient capital to withstand the
challenges ahead, paired with a supervisory process to produce a more
consistent and forward-looking assessment of the risks on banks'
balance sheets and their potential capital needs.
A new
Public-Private Investment Fund on an initial scale of up to $500
billion, with the potential to expand up to $1 trillion, to catalyze
the removal of legacy assets from the balance sheets of financial
institutions. This fund will combine public and private capital with
government financing to help free up capital to support new lending.
A
new Treasury and Federal Reserve initiative to dramatically expand – up
to $1 trillion – the existing Term Asset-Backed Securities Lending
Facility (TALF) in order to reduce credit spreads and restart the
securitized credit markets that in recent years supported a substantial
portion of lending to households, students, small businesses, and
others.
An extension of the FDIC's Temporary Liquidity Guarantee Program to October 31, 2009.
A
new framework of governance and oversight to help ensure that banks
receiving funds are held responsible for appropriate use of those funds
through stronger conditions on lending, dividends and executive
compensation along with enhanced reporting to the public.

Alongside this program, the Administration will launch a comprehensive program to help address the housing crisis.