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News & Press: Policy News

Geithner Remarks on Stress Tests

Tuesday, May 12, 2009  
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U.S. Treasury Secretary Timothy Geithner said on Thursday, May 7th, that stress tests of the country's top 19 banks would help restore confidence and encourage lending, but warned there was still a way to go.

"This is just the beginning and we are going to keep working to try and make sure this financial system is in ... a strong enough position so it can provide the credit necessary for recovery," Geithner said in brief remarks ahead of the release of the stress test results at 5:00 p.m. EDT.

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