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 www.financialstability.gov )
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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