Geithner faces pressure to do more for small business, jobs

12/15/2009 | Bloomberg

With banks healthy enough to give back their bailout money, U.S. Treasury Secretary Timothy Geithner is trying to steer the Troubled Asset Relief Program toward putting capital into small businesses and stimulating job creation. So far, the effort has not seen much success. Few banks have signed up for a program to make TARP money available for loans to small businesses. In March, the Treasury announced a $15 billion program to buy securitized small-business loans, but as the year ends, the program still has not started.

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