SPECIAL REPORT
Towns go dark with post office closings
Postal officials were blunt in December when they stood before 120 residents in Dedham, Iowa, to tell them why their town's post office has to close. The Internet, officials said, was killing the U.S. Postal Service. Full Article
Geithner: private sector needs to take risks
WASHINGTON |
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday said that the private sector must be willing to take on some risk for his bank asset cleansing plan to work.
Geithner, briefing media on the plan, said creating public-private partnerships to buy distressed assets from banks will help to avert a longer and deeper recession and make it easier for banks to raise private capital.
"For these programs to work investors have to be prepared to take some risk," Geithner said.
(Reporting by David Lawder and Karey Wutkowski; Editing by Theodore d'Afflisio)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters