NEW YORK (AP) -- Investors are turning skeptical about the government's latest bank bailout plan.
The Dow Jones industrial average is down nearly 300 points as financial stocks lead the market lower. Wall Street is concerned about the government's ability to restore the health of the banking industry.
Treasury Secretary Timothy Geithner has announced a plan that the government says could mobilize well over $1 trillion in public and private support to get the frozen credit markets functioning again. It includes a government-private sector partnership to help remove banks' soured assets from their books.
Investors are worried the steps won't be sufficient.
At midday, the Dow Jones industrials are down 285 at 7,985. The Standard & Poor's 500 index is down 31 at 838, and the Nasdaq composite index is down 58 at 1,543.
http://finance.yahoo.com/news/Stocks-fall-as-govt-unveils-apf-14310208.html
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