Geithner May Oust Executives at Banks Needing ‘Exceptional’ Aid
Monday, April 6, 2009 : PermalinkBloomberg – Treasury Secretary Timothy Geithner said he’s prepared to oust executives and directors at banks that require “exceptional” assistance from the U.S. government.
“If in the future, banks need exceptional assistance in order to get through this, then we will make sure that assistance comes,” while ensuring taxpayers are protected, Geithner said yesterday in an interview on the CBS “Face the Nation” program. “Where that requires a change in management and the board, then we will do that.”
Tags: banks, bloomberg, cbs, face the nation, taxpayers, timothy geithner, treasury-secretary
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