Banks to get 'large amount of assistance' (Dealscape

Despite pushing legislation that would allow the government to seize and wind down failed financial conglomerates, Treasury Secretary Timothy Geithner continues to argue that large amounts of government capital will be invested in struggling banks and shows no inclination to let them fail.

"A core part of our plan involves making sure banks have enough capital to provide the lending we're going to need to get recovery back on track," Geithner said Sunday on ABC's "This Week with George Stephanopoulos." "Some banks are going to need some large amounts of assistance."

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NOT A SUBSCRIBER? Banks to get 'large amount of assistance' Posted on March 31, 2009 9:00 AM Despite pushing legislation that would allow the government to seize and wind down failed financial conglomerates, Treasury Secretary Timothy Geithner continues to argue that large amounts of government capital will be invested in struggling banks and shows no inclination to let them fail. "A core part of our plan involves making sure banks have enough capital to provide the lending we're going to need to get recovery back on track," Geithner said Sunday on ABC's "This Week with George Stephanopoulos." "Some banks are going to need some large amounts of assistance." This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 4,840 articles related to Citigroup Inc. 4,187 articles related to J.P. Morgan Chase & Co. 1,194 in-depth reports of PE deals in the Financial Services sector 348 in-depth reports of Bankruptcies in the Financial Services sector 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forget your password? Missing a product?

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