Filed under: Management, Money and Finance Today, Personal finance, Politics, Headline news, Housing, Small business, Federal Reserve, Financial Crisis
US Treasury Geithner wants to protect his turf. He sent a letter to Nancy Pelosi and Senate Majority Harry Reid extending the Troubled Asset Relief Program (TARP) until October 3, 2010, keeping $550 billion in bailout funds.
His letter states that: "The extension is necessary to assist American families and stabilize financial markets because it will, among other things, enable us to continue to implement programs that address housing markets and the needs of small businesses and to maintain the capacity to respond to unseen needs."
Continue reading US Treasury extends bailout program to 2010
US Treasury extends bailout program to 2010 originally appeared on BloggingStocks on Wed, 09 Dec 2009 17:30:00 EST. Please see our terms for use of feeds.
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Full story at http://www.pheedcontent.com/click.phdo?i=e05e52b3cfcf6ff5bdd60e0e68d4dde2
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