Crisis Legal NewsClick here to add this website to your favorites
  rss
Crisis News Search >>>
DISASTERS NEWS
Office of Homeland Security
Emergency Prevention
U.S. Geological Survey
USGS Hazards

FEMA Official Site

AIRPLANE DISASTERS
Air Disaster.com
Geithner sees no new banking crisis

Recent Outbreaks     updated  2009/04/20 10:25


U.S. Treasury Secretary Timothy Geithner does not see a second wave of banking collapses and the government is ready to support capital-raising when needed, a Japanese newspaper said on Sunday.


In an interview with the Asahi Shimbun newspaper, Geithner was quoted as saying U.S. authorities were making sure there was steady funding and that banks were able to meet commitments.

"So in some ways what we're saying is we're going to backstop the amount of capital-raising that's necessary," he was quoted as saying in an English text of the interview.

"And again, a lot of that will come from the market, ultimately. But where it doesn't we'll make sure we provide it."

In an attempt to assess banks' capital needs, the U.S. government is testing how they would fare under more adverse economic conditions than are expected. The results are due at the end of April.

Once the "stress tests" are finalized and the capital needs are determined, banks will have six months to raise capital in the private market or could take an infusion of government funds.

Geithner was also quoted as saying the Group of Seven of rich nations and the Group of 20, which also includes emerging economies such as China and India, were "very complementary forums."


© Crisis Legal News - All Rights Reserved.

The content contained on the web site has been prepared by Legal Crisis News
as a service to the internet community and is not intended to constitute legal advice or
a substitute for consultation with a licensed legal professional in a particular case or circumstance. Lawyer Advertising - Lawyer Website Design by Law Promo. Best Attorney Website Design.
   Latest Crisis Legal News
   Sponsored Links
Eugene Criminal Defense
Law Office of Max J Mizejewski
Family Law. Call 541.505.9872
http://www.mjmlawoffice.com
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
www.lawrsm.com
Oregon Criminal Defense
Eugene Criminal Defense Lawyer
Coit & Associates, P.C.
www.criminaldefenseoregon.com
Indianapolis Trial Lawyers
Riley Bennett & Egloff
Indiana Litigation Law Firm
www.rbelaw.com
New York SEC Attorneys
Securities Regulatory Counsel
Securities Litigation Lawyer
www.herskovitslaw.com
Palm Beach Construction Law Firm
Wellington Construction
Florida Construction Contract Law
Indiana medical malpractice lawyer
Price Waicukauski & Riley
Personal Injury Attorney
www.price-law.com
Las Vegas Personal Injury Attorneys
Las Vegas Wrongful Death Attorneys
www.mgalaw.com
Sydney Criminal Lawyers
Sydney criminal defence lawyers
Criminal Barristers and Solicitors
www.criminallaw.com.au
Pittsburgh DUI Laywer
Pennsylvania DUI Lawyer
DUI Defense lawyer. Call (412) 429-4360
http://www.gbmlawpittsburgh.com
Houston truck accident attorneys
Houston 18 wheeler accident lawyers
www.hurtinhouston.com
Professional License Defense
Criminal Defense, Sexual Harassment
The Khouri Law Firm. T. (949) 336 - 2433
http://www.khourilaw.com