Treasury's Kashkari Testifies Before House Oversight Committee

Interim Assistant Secretary for Financial Stability Neel Kashkari testified today before the House Committee on Oversight and Government Reform, Subcommittee on Domestic Policy to provide an update on the Treasury Department's actions to stabilize the financial markets and restore the flow of credit to the economy. He reported that the government has taken action with "the following three critical objectives: one, to provide stability to financial markets; two, to support the housing market by preventing avoidable foreclosures and supporting the availability of mortgage finance; and three, to protect taxpayers."