Administration seeks to free frozen credit markets

Administration Seeks Free Frozen Credit Markets - Politics, Business, Civil, History - Posted: 23rd Mar, 2009 - 6:42pm

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Post Date: 23rd Mar, 2009 - 6:42pm / Post ID: #

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Administration seeks to free frozen credit markets

Administration seeks to free frozen credit markets (AP)
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In this March 16, 2009 file photo, Treasury Secretary Timothy Geithner, left, looks at President Obama as they meet with small business owners and community lenders at the White House in Washington. (AP Photo/Gerald Herbert, File)AP - The Obama administration launched a new effort Monday to end a paralysis in lending, saying it will team with investors to initially buy up to a trillion dollars of bad assets from banks that have been reluctant to make loans to consumers and companies.



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