Geithner Says There Will Be No ‘2nd Wave’ Crisis

Geithner Says There Will Be No ‘2nd Wave’ Crisis

December 23, 2009, 2:47 am

Treasury Secretary Timothy Geithner said Tuesday the Obama administration is confident it will prevent a repeat of last year’s financial crisis, the worst to hit the country in seven decades.

“We are not going to have a second wave of financial crisis,” Mr. Geithner said in an interview with National Public Radio. “We cannot afford to let the country live again with a risk that we are going to have another series of events like we had last year. That is not something that is acceptable.”

Mr. Geithner, interviewed on NPR’s “All Things Considered” program, rejected the idea that a serious new crisis could be triggered by lingering problems with commercial real estate loans or with a sudden weakening in the value of the dollar.

”We will do what is necessary to prevent that and that is completely within our capacity to prevent,” he said.

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Geithner가 더블딥에 빠질 가능성은 없다고 강조했습니다. 정책 담당자가 더블딥 가능성에 대해서 공개적으로 언급할 수야 없는 노릇이니 당연하다고 할 수 있겠네요. 뒷부분에 나오는 중소기업과 소형은행에 정책적 관심을 기울이고 있다는 강조가 의미가 있어 보입니다.