Geithner Defends TARP Extension

Says it would 'irresponsible' not to extend bailout

By the Associated Press

Posted Dec 10, 2009 11:30 AM CST

(AP) – Treasury Secretary Timothy Geithner told a skeptical watchdog panel today that a "limited, qualified extension" of the unpopular bank bailout program until October was necessary. "It would be irresponsible to do otherwise," Geithner said. Oversight chairman Elizabeth Warren seemed unconvinced, saying that... Read full story »

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oversight • financial crisis • Wall Street bailout • Timothy Geithner • TARP • extension • Elizabeth Warren

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Geithner Defends TARP Extension

Says it would 'irresponsible' not to extend bailout

oversight • financial crisis • Wall Street bailout • Timothy Geithner • TARP • extension • Elizabeth Warren

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More Newser Stories

Final Bailout Tab: $29B

Bank bailout is highlight of latest accounting

Geithner: Goldman Woulda Failed Sans Bailout

Execs dreaming if they think they wouldn't have failed

Geithner Wins Tug-of-War for Hands-Off Bailout

Treasury secretary resists calls for firmer government intervention

New Bailout Plan Hinges on Private Investors

Treasury will set 'floor price' on distressed assets to lure buyers

Obama May Cap Pay of Bailed-Out Execs at $500K

Pay to be capped at $500,000, bonuses canceled

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