President Obama held his first prime-time press conference last night and many questions focused on banking, including plenty about his plans for revamping efforts to stabilize the industry.

The President deferred on many details to Treasury Secretary Tim Geithner, who he said would provide “very clear and specific plans for how we are going to start loosening up credit once again.” Mr. Geithner is scheduled to unveil the administration’s ideas at 11 a.m. and then testify before the Senate Banking Committee this afternoon.

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