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Geithner Says Banking Industry May Need More Bailout Money
U.S. Treasury Secretary Timothy Geithner made his first appearances on a host of talk shows on Sunday to promote the Obama administration’s efforts to restart the economy. He also warned against attempts to tax investors who join a federal program to buy so-called “toxic” assets from banks.
While Geithner hinted that he might end up going back to Congress for additional funding for banks, he was dogged by persistent criticism from skeptics now questioning whether he has the right stuff to lead the financial system out of the mess.
As Obama’s point man on economic matters, Geithner made the…
31Mar2009 | Money Morning | 0 comments | Continued
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