Fri, Jul 10th, 2009
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WASHINGTON -- The huge amount of money tied up in complex derivative transactions helped cripple the U.S. economy, Treasury Secretary Timothy Geithner told lawmakers Friday as he laid out a case for greater government control over a generally unregulated sector of the financial markets."Establishing a comprehensive framework of oversight is crucial," Geithner said in his opening remarks to a joint hearing by the House agriculture and financial services committees.
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CHARLOTTE, N.C. - Shares of diversified lender CIT Group Inc. plunged Monday even as U.S. Treasury Secretary Timothy Geithner indicated there could be help for the ailing company.
Geithner sees growth resuming but risks ahead
Jul 13th, 2009 - Reuters
LONDON (Reuters) - There is a good chance that the U.S. and other leading economies will start growing again over the next two quarters, but there are still significant risks to the outlook, U.S...




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