Capital injections won't help lending, panel chief says

12/2/2008 | NYTimes.com

Elizabeth Warren, chairwoman of an oversight panel created by Congress to evaluate the Troubled Asset Relief Program, said pouring capital into banks is not going to get credit markets moving again. She said banks do not want to loan because potential borrowers are becoming less creditworthy day by day, and injecting cash into banks "isn't going to fix that problem."

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