Kashkari says lending will take few months to get going

Bankers, regulators and government officials at a conference focused on the $700 billion Troubled Asset Relief Program said corporate borrowers are likely in for a long wait as the program progresses through the channels. Neel Kashkari, interim assistant secretary for financial stability at the Treasury Department, said that the department is in "deep execution mode" on the Troubled Asset Relief Program. However, Kashkari said it will take a few months to purchase bank equity and then banks must regain confidence in the capital markets. Only then, will lending resume.

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