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US must support flagging housing market: Geithner

Posted on 18 August 2010

Timothy GeithnerFrom AFP: US Treasury Secretary Timothy Geithner said Tuesday that the government must bolster the embattled American housing sector to avoid more damaging recessions in the future.
“Without such support, the risk is that future recessions could be more severe because the financial system would not have the capital to support mortgage lending on an adequate scale,” he said……………………………………….Full Article: Source


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