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Treasury Sec. Geithner: Europe Will Not Have A Lehman Brothers

Sep 14th, 2011 13:01 by News

14-Sep (Forbes) — Treasury Secretary Timothy Geithner called for U.S. politicians to support America’s softening economic growth Wednesday, while also maintaining that the escalating debt crisis in Europe will not lead to a repeat of the 2008 meltdown.

There is “no chance” of European countries letting a major financial institution fall the way Lehman Brothers did three years ago this week, Geithner said at the CNBC Institutional Investor Delivering Alpha Conference in Manhattan Monday.

PG View: This is the same guy that assured us there was “no risk” of US credit downgrade back in April, just four months before the US was indeed downgraded by S&P.

Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss. [see also 12 yrs of Discussion Archives]

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