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The credit crunch loses its bite 
Salon | by Andrew Leonard | Thu, Jan 22
Salon is the #1 News Source for United States Department of the Treasury
During his confirmation hearing on Wednesday, Timothy Geithner's bottom-line defense of the controversial actions taken by the U.S. Treasury and the Fed last fall -- including the bailout of AIG and the decision to ask Congress for $700 billion -- boiled down to this: Worse stuff would ha...
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There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
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