Content Tagged As banking_system

4 years 4 weeks ago

Volcker sees economy as unstable

Former Federal Reserve Chairman Paul Volcker says years of over-consumption and the resulting debt have made the country's economy unstable. He told about 750 people Thursday in Steamboat Springs that both political parties have to come together to move the country forward and expressed frustration with the current political...

4 years 9 months ago

Geithner says banking system now 'more stable'

Treasury Secretary Timothy Geithner says the U.S. banking system is "dramatically more stable" because of the government bailout. Geithner tells NBC's "Meet the Press" that just one year ago, economic activity came to a standstill as major financial institutions shut down due to lack of liquidity. Even though 115 banks...

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