Wednesday, December 9, 2009

Geithner: bailout program extended to October

http://finance.yahoo.com/news/Geithner-bailout-program-apf-3043495812.html?x=0&sec=topStories&pos=main&asset=&ccode=

How has the bailout program helped American families? It's helped the banks and Wall Street but all the average person has gained from it is a larger portion of that pie to pay for. (that the rich have exclusively been invited to eat)


Treasury Secretary Timothy Geithner told Congress Wednesday that the administration will extend the government's financial bailout program until next fall, saying it's needed to protect against fresh economic shocks.

In a letter to House and Senate leaders, Geithner said the extension is "necessary to assist American families and stabilize financial markets