Treasury Secretary Timothy Geithner will announce details of the Obama administration's plan to deal with bank's toxic assets—it's like Treasury Department Superfunding! According to the NY Times, "The plan relies on private investors to team with the government to relieve banks of assets tied to loans and mortgage-linked securities of unknown value. There have been virtually no buyers of these assets because of their uncertain risk." The government wants to use up to $100 billion in TARP funds plus hundreds of billions from private investors to buy up $500 billion in bad assets; the treasury said the program could "expand to $1 trillion over time." Apparently U.S. stocks are poised for a "strong rally" in advance of the announcement (world stocks are up), but let's remember that the last time Geither made a big announcement, the stock market freaked out.