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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