Treasury Secretary Timothy GeithnerTimothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth. "If we put the brakes on too quickly we will weaken the economy and the financial...
This indeed is the sad truth about today’s America!
An economy that is reeling under huge deficits incurred in order to shore up banks that were going kaput! The sort of institutions that needed to be left to fend for themselves and die down actually go through resurrection mode.
WHY?
Is this not a grim indicator of where the ...
WASHINGTON: The global economic recovery is uneven and the timing of any exit strategies should err toward supporting demand, according to an International Monetary Fund paper prepared for the G20.In the document prepared for a meeting of Group of 20 finance ministers and central bankers in Scotland, the IMF stressed the fragility of the global ...
The Obama White House, no doubt feeling the pressure of rising unemployment rates across the country, came out with a ridiculous report today that the highly touted “Stimulus” Bill has created or saved 650,000 jobs. Aside from the fact the White House cannot tell how many jobs were saved or created, any analysis of unemployment rates ...
Quiet concerns are circulating in Washington that the U.S. Secretary of the Treasury Timothy Geithner authorized purchase of assets from several financial institutions at 100% of their market value rather than the anticipated discounted prices.
Reports have surfaced that Geithner approved payments to, among others, Wachovia and Goldman ...
News Source: International Business Times
| 21 days ago
Group of 20 finance ministers and central bankers pledged on Saturday to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. The world's biggest economies -- the European Union, the...
US Treasury Secretary warns against putting brakes on stimulus Updated on Saturday, November 07, 2009, 21:43 IST St Andrews: US Treasury Secretary Timothy Geithner has warned against putting the brakes on economic stimulus measures too quickly,...
News Source: International Business Times
| 22 days ago
Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth. "If we put the brakes on too quickly we will...
static/all/img 537c74d073fc4210VgnVCM100000a0c1a8c0RCRD /politics/2009/11/07/geithner-urges-maintaining-stimulus-measures AP - November 07, 2009 Geithner Urges Maintaining Stimulus Measures In prepared remarks ahead of a Saturday news...
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