Benn Steil


A graphical take on geoeconomic issues, with links to the news and expert commentary.

Print Print Cite Cite
Style: MLA APA Chicago Close


Consumer Lending

November 25, 2008

The latest initiative from the Federal Reserve is aimed at the collapse in consumer lending. As our chart shows, the Fed’s promised infusion is roughly equivalent in size to the financing provided by private lenders to this class of borrower in recent years. A key architect of this initiative is Timothy Geithner, whom Barack Obama has nominated as Treasury Secretary. Below we provide links to some of Geithner’s recent speeches and testimony.

Geithner: Liquidity Risk and the Global Economy
Geithner: Systemic Risk and Financial Markets
Geithner: Reducing Systemic Risk in a Dynamic Financial System
Geithner: Actions by the New York Fed-Testimony before the US Senate
Geithner: Restoring Market Liquidity in a Financial Crisis

Post a Comment

CFR seeks to foster civil and informed discussion of foreign policy issues. Opinions expressed on CFR blogs are solely those of the author or commenter, not of CFR, which takes no institutional positions. All comments must abide by CFR's guidelines and will be moderated prior to posting.

* Required