Word: fined
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Dates: during 2000-2009
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...discussion, Geithner walked Fine out. Just before getting to the door of his office, as Fine recalls, Geithner looked at his watch and said, "I have been Treasury Secretary for less than 48 hours, and you are the first person from the banking industry that I have taken the time to meet...
...after Timothy Geithner was appointed Secretary of the Treasury, about a month ago, Camden Fine got a call requesting his presence. The head of the Independent Community Bankers of America, a Washington-based association of thousands of small banks, was asked if he could meet Geithner the following day. When Fine showed up, he and an aide were escorted to the Secretary's office, in which sat Geithner and Gene Sperling, a former top economic adviser to President Clinton. The four talked for an hour. Fine spoke most of the time. Geithner took notes and asked follow-up questions...
...appears that Geithner went out of his way to get the thoughts of the nation's 8,000 or so small banks. "We found it encouraging that Geithner wanted to know what was important to community banks," says Fine. He says that, since the initial meeting, his staff has had a number of subsequent meetings with Treasury officials...
...unclear, though, whether Fine's special access will translate into financial help. Geithner has said he will spend a certain portion of the remaining $350 billion in the Treasury program formerly known as TARP investing more money in the nation's banks. But he hasn't said whether he intends to use the money to shore up the larger troubled banks or as grants to some smaller banks that don't necessarily need the funds but could use the additional money to make more loans. The government is reportedly in talks with Citigroup to take ownership of as much...
...late-January meeting between Geithner and Fine could signal a change in policy. Some observers say that move would make sense. Bank analyst Meredith Whitney, who recently left Oppenheimer to start her own firm, has said the best plan to restart the financial system would be to give government money to smaller regional banks that could fill the lending void created by the pullback of larger ailing banks...