Geithner on Lending Levels

Posted on February 10, 2009

0


And switching over Timothy Geithner’s speech this afternoon… He stated that the program proposed is to (paraphrasing) “insure that lending would be greater than without government intervention.”

Read: We’re putting money in the market so that we can spur lending and open the credit markets.

That’s what I thought they were trying to do.

Digg!