Author Topic: Geithner: $135B left for bank bailouts  (Read 320 times)

Bindare_Dundat

  • Getbig V
  • *****
  • Posts: 12227
  • KILL CENTRAL BANKS, BUY BITCOIN.
Geithner: $135B left for bank bailouts
« on: March 29, 2009, 06:41:23 PM »
Treasury Secretary won't say if more bailout money is needed, but he doesn't rule it out.

WASHINGTON (Reuters) -- U.S. Treasury Secretary Geithner said Sunday the government has about $135 billion left for bank bailouts and refused to say whether it will ask Congress for more this year.

"We have roughly $135 billion left of uncommitted resources. The rest is out the door," he said on ABC Television.

Geithner wouldn't specify whether he expects to ask Congress for more money this year, though he didn't rule it out. "The important thing is we are going to work with the Congress to make sure we have the resources needed to do this right," he said.

He conceded that banks likely will need "large amounts of assistance" before the credit crisis is resolved and said it would be "a mistake" to think that they can earn their way out of the current downturn.

"To get through this, governments need to act. There's a great obligation and responsibility for government to act to solve these things," Geithner said. "The market will not solve this and the great risk for us is that we do too little, not that we do too much."   ??? ::)











240 is Back

  • Getbig V
  • *****
  • Posts: 102387
  • Complete website for only $300- www.300website.com
Re: Geithner: $135B left for bank bailouts
« Reply #1 on: March 29, 2009, 06:54:52 PM »
I tried spending Charmin today.  Figured I should practice.