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