By ZACHERY KOUWE
Published: January 21, 2009
New York Times
In testimony to the Senate Finance Committee, Mr. Geithner, the head of the New York Federal Reserve, said that changes in the bailout fund, the Troubled Asset Relief Program, or TARP, were needed immediately.
“Many people believe the program has allowed too much upside for financial institutions, while doing too little for small business owners, families who are struggling to keep their jobs and make ends meet, and innocent homeowners,” Mr. Geithner said. “We have to fundamentally reform this program to ensure that there is enough credit available to support recovery.”
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