Friday, February 13, 2009

FEI Survey on Treasury's Financial Stability Plan: Prelim Results

As we previously reported, earlier this week U.S. Treasury Secretary Tim Geithner announced Treasury’s Financial Stability Plan. (See related FEI summary; further details at )

The day after Geithner made the announcement, FEI, an association of senior financial executives, launched a survey to elicit its members’ views on Treasury’s plan. The survey was released the evening of February 11, via FEI’s bi-weekly electronic newsletter FEI Express.

100 responses were received as of Feb.12; the preliminary results based on those response are:

1. Do you believe the Financial Stability Plan will help your company?

  • Yes 16%
  • No 61%
  • Don’t know 23%

2. Do you believe the Financial Stability Plan will help the economy?

  • Yes 28%
  • No 54%
  • Don’t know 18%.

Do you believe credit will become more readily available as a result of the Financial Stability Plan?

  • Yes 16%
  • No: 60% (broken down as follows): No-because of hard to value troubled assets 13%; No- because of fair value/mark-to-market accounting 8%; No- because of a combination of the above 39%
  • Don’t know: 11%
  • Other: 12%

For further details, see FEI Survey of Financial Stability Plan: Preliminary Survey Results.

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