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Hear: Banks Need More

Hear: Banks Need More

Today on Planet Money:

-- Treasury Secretary-designate Tim Geithner took questions today on Capitol Hill. Dan Costello boils it down.

-- The U.S. federal government has thrown hundreds of billions of dollars at banks, but the banks say they're still in trouble. What will it take to save them? Simon Johnson, former chief economist of the International Monetary Fund, says about $1.5 trillion, maybe — whatever it costs for Plan A plus Plan B.

-- Bank lobbyist Scott Talbott says his industry is willing to trade more government oversight for more government help. He's not crazy about nationalization, but he doesn't rule it out, either.

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Laura Conaway