Monday, September 14, 2009
The Treasury Dept. issued a Status Report on Financial Stabilization Efforts and announced the "next phase:"
This next phase will focus on winding down those programs that were once necessary to prevent systemic failure. The use of those programs, by design, continues to decline as the financial system recovers, and the U.S. Government is being repaid for its investments. But this phase will also involve ensuring that those policies and programs that are still necessary for financial and economic recovery are maintained and well executed, making clear that the U.S. Government still stands ready to do whatever is needed to ensure a lasting recovery.