Banks Still In Distress, Geithner Says

Newsday.com - Business, Long Island Newsday: Business
Tue, 04/21/2009 - 5:49pm

America's banks are still broken despite all their bailout billions, Treasury Secretary Timothy Geithner told impatient rescue overseers Tuesday as they pressed him on when things will get better and how much it will cost. A bleak new report estimated U.S. banks and other financial institutions could lose a stunning $2.7 trillion in all.

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