And switching over Timothy Geithner's speech this afternoon... He stated that the program proposed is to (paraphrasing) "insure that lending would be greater than without government intervention."
Read: We're putting money in the market so that we can spur lending and open the credit markets.
That's what I thought they were trying to do.
Tuesday, February 10, 2009
Geithner on Lending Levels
Labels:
economics,
finance,
investment
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