Home Blog Geithner: Enough money for now for bank bailout
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Geithner: Enough money for now for bank bailout |
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Monday, 23 March 2009 |
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WASHINGTON, March 23 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Monday it may take more money to handle a bailout of stressed banks but there is enough available for now to keep the process going. "We put in the budget a reserve fund to recognize the reality that it may be that we need more resources to do this," he said a forum sponsored by The Wall Street Journal. "But we have significant resources authorized to us and we're going to move forward to use those now and we want to make sure we have the capacity, working with Congress over time, to make sure that we have sufficient resources to do this right," he added. (Reporting by Glenn Somerville; editing by Leslie Adler)
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