The Obama administration has made it clear that a dramatic reformulation of this program is needed before the second tranche of the $350 billion is allocated.
Tim Geithner: “The Obama administration has made it clear that a dramatic reformulation of this program is needed before the second…”
Editor's note · Context
Geithner emphasizes the need for reform in the financial allocation program.
Share
More from Tim Geithner
The only way to restore fiscal responsibility and still preserve the commitments we need to make to our retirees and national security, is by a modest increase in the effective tax rate for the Americans who are in the best position to…
Absolutely. Yes, again, we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2 percent of the wealthiest Americans.
If those were embraced by the Congress tomorrow, there would be substantially more confidence around the world in the capacity of this political system in Washington.
The TARP bank investments have already produced a profit for the taxpayer of over $19.5 billion.





