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Geithner: Too Early to End TARP
Wednesday, December 2, 2009 5:42 PM
Asked by Sen. John Thune (sponsor of the TARP Sunset Act) what his thoughts were on ending the TARP program at the end of the year during a hearing before the Senate Agriculture Committee, Treasury Secretary Timothy Geithner told Senators that ... you guessed it - we're not there yet.(You can watch a rebroadcast of the hearing here. Sen. Thune's question is about 78:40 mins into the video).
So all indications are the all-purpose slush fund is going to stick around beyond its original expiration date and Geithner is going to use his authority to extend the program into next year.
Anyone surprised?
However, in related good news, at least we're making progress on the TARP transparency front. The House passed H.R. 1242, the TARP Accountability and Disclosure Act, without a vote in opposition. Now it's off to the Senate.
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