26.12.09

Geithner Vow: We'll Do Whatever It Takes To Avert Double-Dip Recession

MICHELE: Pardon me for presenting you with all these doomsday scenarios but as you know many people are worried about a second wave of systemic crisis. either because of commercial real estate or the value of he dollar.
GEITHNER: We're not going to have any (garble) wave of the financial crisis. We're going to do what's necessary to prevent that. We cannot afford to let the country live again with the risk that we're going to have another series of events like we had last year.
That's not something that's acceptable. And we will prevent that. We will do what is necessary to prevent that. And that is completely within our capacity to prevent.
MICHELE: You're saying your confident it won't happen. What levers can you press or pull to make sure that does not happen?
GEITHNER: As people saw, when you have the will to act you have substantial ability to prevent that. And we'll do what's necessary to prevent that.


http://www.npr.org/blogs/thetwo-way/2009/12/geithner_vow_well_do_whatever.html

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