From The Times
January 31, 2009

Obama prepares to unveil plan to rescue US banking industry from $2 trillion hole

Suzy Jagger in New York and Tom Baldwin in Washington

President Obama is preparing to unveil a rescue plan for Wall Street next week which will dig the world’s biggest banking industry out of a $2 trillion hole.

His plan, which has yet to be finalised and signed off, is expected to include the creation of a “bad bankâ€