The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: geode00 who wrote (189873)	3/10/2009 3:49:14 PM
From: stockman_scott	Read Replies (3) of 306849

Geithner Says Obama Will Do ‘What Is Necessary’ to Fix Economy By Rebecca Christie and Robert Schmidt March 10 (Bloomberg) -- Treasury Secretary Timothy Geithner said the Obama administration will do “what is necessary” to fix the faltering U.S. economy. Geithner, speaking in an interview from Washington with Charlie Rose scheduled to air tonight on PBS, also said that Wall Street boards of directors “made things worse” by continuing to pay large bonuses to executives even as banks fell apart. While the Treasury chief said the U.S. is in a “deepening recession,” he said President Barack Obama will be aggressive in trying to find a solution to end the crisis. “It is our obligation to clean it up and to fix it,” Geithner said. “We’re going to keep at it.” To contact the reporter on this story: Rebecca Christie in Washington at Rchristie4@bloomberg.net; Robert Schmidt in Washington at rschmidt5@bloomberg.net. Last Updated: March 10, 2009 15:21 EDT

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