Geithner Announces Bailout Repayments Will Be Reused for Smaller Banks

In a speech this morning in Washington before the Independent Community Bankers of America, Treasury Secretary Tim Geithner announced the government would use government bailout money the bigger banks already paid back to help struggling smaller community banks. The spotlight recently has been on the nation's 19 biggest banks that were subjected to the government's stress tests, but today's announcement signaled that the Treasury Department has not forgotten about the smaller banks. "Using...Full Story
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