Geithner on Bailouts

New words came from U.S. Treasury Secretary Timothy Geithner on bailouts this week, with some optimism and some caution advised on the current state of the economy. Geithner said progress has been made on the financial crisis but regulatory policies stiull need to be improved to banks and lending agencies can remain stable, and employment and inflation and the like can turn in the right direction.

Fore more detail on the bailouts, AIG and Geithner's take on things, see the link and video below (and try to ignore the creepiness of Spitzer's presence in the room).

Geithner on Bailouts
forbes

U.S. Treasury Secretary Timothy Geithner said third quarter growth figures showed the U.S. economy was stabilizing but in the early phase of recovery and difficulties still lay ahead. The U.S. government must keep reinforcing economic growth as risks of a credit crunch remain, Geithner said at the Economic Club of Chicago....

Geithner on Bailouts