Thur- Jan. 22, 2009 | Bloomberg.com | Rebecca Christie in Washington
Geithner Pledges Prolonged Effort to Stabilize Banks
Timothy Geithner, President Barack Obama’s nominee for Treasury secretary, pledged an expanded and prolonged government role in everything from stabilizing banks to ensuring credit for small businesses [and Tiny Tim apparently intends to give your kids the allowance they've lost too!].
Geithner [...] told lawmakers yesterday “we’re at the beginning of this process of repairing the system, not close to the end.” He committed to “much more substantial action” on a “very dramatic scale.”