Geithner Says Banks and Financial Markets Need Less Support Going Forward

by Benjamin Domenech on 6:19 am September 11, 2009

Is recovery upon us? “The US is starting to pare back its emergency support for banks and financial markets, Treasury secretary Tim Geithner declared on Thursday, saying that the financial system no longer needed extensive government props.” Geithner expects repayment of roughly $50 billion over the next 12 to 18 months.

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