Treasury nominee Geithner pledges to reform bank rescue plan
By Greg Robb
Last update: 17:21 Jan. 21, 2009
WASHINGTON (MarketWatch) -- Timothy Geithner, President Obama's nominee to
be Treasury Secretary, pledged Wednesday to undertake fundamental reform of
the government's bank rescue efforts. Geithner acknowleged that there is
widespread unhappiness with the plan and that the program "has allowed too
much upside" for banks. But Geithner said the government couldn't pull the
plug on the program. He said the bailout was too important to fail. Geithner
pledged aggressive action to get the economy moving again. He said that it
was also urgent to reform the U.S. financial system. Geithner's prepared
remarks shied away from specifics. He stressed that confidence in the dollar
was critical to the economy.
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Disclaimer: Chi scrive declina ogni responsabilità su eventuali inesattezze
dei dati riportati e chiunque investa i propri risparmi prendendo spunto
dagli scritti riportati lo fa a proprio rischio.
[collateral yet incompatible]
news flash news@@@@@@@@
pepusso: Last year, there was a reason behind my firm assertion that the housing
bubble in the USA and EUROPE would burst after October 2004.
e ancora
There is a very strong reason for my untiring...
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21-01-2009, 17.22.39
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