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...Still, the Treasury Secretary noted that there was more work to be done in restoring the health of our nation's banks. In particular, Geithner repeatedly stated the need for bank regulation reform. "We did a lot of damage to our nation's financial system, and it is going to take a while to get through it," he said...
...nearly time to sing Happy Birthday to the Troubled Asset Relief Program. But few seem ready to don their party hats to cheer the plan that Congress approved nearly a year ago, giving the Treasury authority to spend up to $700 billion to rescue the nation's ailing banks...
...part, Geithner responded that he thought the TARP program has largely been a success. "The nation's financial system is in better shape today than it was three months ago, six months ago and even on the eve of this recession," Geithner told the panel. He said adding capital to the banks was the right move. "Had we just gone and guaranteed all of the banks debts, I don't think we would have been as successful," he said...
...Silvers said some of the people the panel had talked to complained that the continued weakness of a number of the nation's largest banks was hurting the economy. He asked Geithner if he thought "zombie" banks were a problem. Geithner noted specifically that he didn't think Citigroup was a "zombie." He added that the fact that many of the banks have been able to raise private capital shows that TARP has improved their prospects...
...attempt to stifle Harvard’s burgeoning momentum. The Crimson’s first game of the weekend will undoubtedly be its most important of the non-conference season. The cross-city rival Terriers (2-0-1) are not only ranked among the best teams in the nation but are also hoping to prolong their own two-game winning streak. “It’s one of those games that’s really going to determine our season,” Akpan said. “A win over [BU] will put us in the national...