Neiman: ‘When are all those banks going to stop sitting on all that money and start lending again?’


This morning, the Congressional Oversight Panel held a hearing with testimony from Treasury Secretary Timothy Geithner. The Congressional Oversight Panel was created to oversee the expenditure of the Troubled Asset Relief Program (TARP) funds authorized by Congress in the Emergency Economic Stabilization Act of 2008 (EESA) and to provide recommendations on regulatory reform. Watch Richard H. Neiman’s, Superintendent of Banks for the State of New York, opening statement. Learn more at: cop.senate.gov

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