How Things Have Changed

Concern about systemic risk has started to diminish,Mr.Geithner told the Senate Banking Committee,and there are signs that credit conditions have improved,but we still have a long way to go.The economy is still shrinking;the system is still damaged.We're gonna do no more than what it takes to fix the system.Leverage has declined;banks are funding themselves more conservatively.The vast majority of banks have more than enough to be well-capitalized.Restoring lending in the commercial real estate market is critical.Treasury will pick fund managers for the Public-Private Investment Partnership,or PPIP,in the next several weeks.Treasury still has 123.7 billion in Troubled Asset Recovery Program,or TARP, funds available.