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Geithner: Banks obligated to lend

Treasury chief aims to reassure small businesses

By REBECCA CHRISTIE BLOOMBERG NEWS

Sheila Bair, chairman of the Federal Deposit Insurance Corp.; Karen Mills, administrator of the Small Business Administration; Timothy Geithner, U.S. Treasury secretary; and Sen. Mary Landrieu, D-La.; participate in a panel discussion Wednesday at the Treasury in Washington.

Photo by ANDREW HARRER / Bloomberg News

Sheila Bair, chairman of the Federal Deposit Insurance Corp.; Karen Mills, administrator of the Small Business Administration; Timothy Geithner, U.S. Treasury secretary; and Sen. Mary Landrieu, D-La.; participate in a panel discussion Wednesday at the Treasury in Washington.

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Treasury Secretary Timothy Geithner on Wednesday urged U.S. banks to increase lending to small businesses and consumers who still face “very challenging” credit conditions and rising unemployment.

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This article was published November 19, 2009 at 5:04 a.m.

Business, Pages 27 on 11/19/2009

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