Sunday, November 01, 2009

Google News: Geithner Urges Banks to Resume Lending, Help Recovery

Google News

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 and he needs to figure out how to stimulate more investment banks.

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.
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