Treasury Secretary Geithner has asked Congress to extend the existence of the TARP program through next October, but it is not clear that every member of the House and Senate will share his goals for the fund, particularly since many of those goals are different than they were when the TARP was cr ... Read more

Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and the JPY have been the primary beneficiaries of this trading strategy. Comments by Treasury Secretary Geithner also have been swaying the Dollar. ... Read th ... Read more

From the NY Times: Geithner Said to Have Prevailed on the Bailout . According to the NY Times, the plan includes: [T]he creation of a joint Treasury and Federal Reserve program, at an initial cost of $250 billion to $500 billion, to encourage investors to acquire soured mortgage-related assets ... Read more