TOKYO (Reuters) - U.S. Treasury Secretary Timothy Geithner does not see a second wave of banking collapses and the government is ready to support capital-raising when needed, a Japanese newspaper said on Sunday......
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Interesting article, although it seems to me that it's a bit early to support other countries in their capital-raising when the US is still having a lot of problems with their banking system. The never ending borrowing from the Fed by the banks will cause another wave of banking collapses. I think Mr. Geithner is a bit harsh to make such quick decision, but we'll see, maybe he is confident and it will pay off.
Take care, Elli
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