Financial Times FT.com

Geithner hopes for short-lived intervention

By Krishna Guha in Washington

Published: April 22 2009 14:23 | Last updated: April 22 2009 14:23

The US government wants its interventions in the banking system to be as short-lived as possible, Tim Geithner said on Wednesday.

Speaking at the Economic Club of Washington ahead of the outcome of bank stress tests, the US Treasury Secretary said: ”We are designing our financial programmes so we can reverse them as soon as practical and avoid the risks that come with sustained government intervention in the financial system.”

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