Geithner obviously has no clue how banking works. CIT proof? Banks cannot lend more now because their regulators wont let them, because there aren't any investment banks to sell overage to, and because honestly they cannot be in the business of taking risk. Geithner needs to tell companies to use the services of private funders like http://americanprudentialcapital.com and he needs to figure out how to stimulate more investment banks.
Eric Standlee firstname.lastname@example.org
Bloomberg - 7 hours ago
Nov. 1 (Bloomberg) -- US Treasury Secretary Timothy Geithner said the country's economic recovery and job creation hinge on banks taking more risk and restoring the flow of credit to businesses.
Geithner: Choppy and uneven recovery underway MarketWatch
Geithner: Deficit reduction has to wait CNNMoney.comall 652 news articles »
Browse all of today's headlines on Google News