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« Greenpeace co-founder believes in nuclear energy | Main | Treasury Department lacks strategy to monitor TARP funds »
Wednesday
Dec102008

Treasury Department defends funding healthy banks

Neel Kashkari, the Interim Assistant Secretary of the Treasury for Financial Stability, defends the Treasury Department's decision to fund healthy banks, comparing it to an individual who receives a stimulus check being more likely to spend it if they are in a healthy financial condition. Karshaki goes on to say that this decision is imperative to bringing confidence back to the credit market (0:27).
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