Interbank Lending Rates Move Higher as Washington Mulls TARP Fate

Article Date : 22 January 2009

Interbank lending rates moved higher on Thursday as tensions in the financial markets continue and as Capitol Hill mulls how to deploy the next $350 billion from the TARP . There is a fierce debate happening on Capitol Hill regarding how the next $350 billion tranche of the TARP should be used, with many politicians calling for some of the funds to be diverted to non-financial institutions rather than going to the banking system. On Wednesday, U.S. Treasury Secretary nominee Timothy Geithner told...

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Interbank Lending Rates Move Higher as Washington Mulls TARP Fate

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