U.S. Treasury Secretary Timothy Geithner said on Sunday that help from the private sector was critical to get toxic assets off banks' balance sheets and help resolve a credit crisis.
"Our judgment is that the best way to get through this is if we can work with the markets," Geithner said in an interview with the Wall Street Journal. "We don't want the government to assume all the risk. We want the private sector to work with us."
I wouldn't hold my breath after stoking the torches and pitchforks mentality against AIG. God help them if they make any profits.
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