Geithner: U.S. financial system is “starting to heal” after a period of severe trauma. Administration has to be cautious about how it uses the dwindling money left in a $700 billion financial rescue fund. Small banks will get expanded chance to qualify for taxpayer aid, he says. Financial institutions now have six months to make themselves into bank holding companies that would qualify for aid, or to reapply for aid if they are already eligible. He says a plan to attract private investors to buy distressed assets from banks would begin in the next six weeks.”]
Source: https://www.cuinfosecurity.com/geithner-us-making-progress-challenges-still-exist-a-1482