Geithner: It's too soon to end TARP

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geithner-its-too-soon-to-end-tarp

Tired of TARP? It doesn't sound like it's going away just yet. Treasury Secretary Timothy gave Congress a strong signal Wednesday that the government's $700 billion bailout fund will survive beyond its initial expiration date at the end of this year.

Moving too soon to end the Troubled Asset Relief Program, the centerpiece of last year's efforts to rescue financial companies threatened by frozen credit markets, would threaten the economy just as it's showing signs of life again, Geithner said in testimony before the Senate Agriculture Committee.