Sunday, March 29, 2009

US Banks to Replace Bailout Money Avoiding Attached Strings

U.S. Treasury Secretary Timothy Geithner said, March 29, the government will have about $135 billion left after banks give back some bailout money and declined to say whether he will ask Congress for more. Treasury expects the banks this year to return about $25 billion of money that they received from the government, because they were able to replace it with private capital or decided that they do not want money with strings attached. The Washington Post / Reuters

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