In order to turn this economy around and help families in Connecticut and across the nation get back on their feet, we must end the rising number of foreclosures, unfreeze our credit markets and stabilize the banking sector. The Obama Administration has already recognized that the root cause of our problem is the housing crisis, and is working with Congress to help American families keep their homes. The initiative announced today, designed to relieve banks of troubled assets to renew the flow of credit to families and small businesses, is an important step forward. I look forward to working with the President on this effort to get the economy back on track.  -- as posted  by Elena at TPMDC

That's terrible political bullshit. 

Dodd's idea of turning the economy around is for banks to promote more debt to consumers.

Geithner's plan will

empower the investor class to buy assets held by the investor class so that the brokers for the investor class ("banks"), who also happen to be dependents of the government (FDIC and TARP et al) and members of the investor class too, can go back to shipping economic souls to the devil -- my blog

There is absolutely no relief for home owners or small business in that. 

And Dodd is wrong about the housing crisis being the root, even if he's right that Obama has "recognized" this.  They are building an illusion.  Don't buy it.

I am optimistic that Secretary Geithner's Public-Private Investment program will work to unfreeze our credit markets. - Kanjorski as quoted...

What's "frozen" here besides their brains? The idea that credit markets are "frozen" is false or hyperbolic.  TARP dealt with the banking liquidity crisis by providing substantial capital cushions to hundreds of banks.  There *is* a question of bank solvency  AND customer solvency. That's why lending is low, the credit deficit is recovering back up to normal levels.