Kimmitt, US deputy secretary of the Treasury, said at a press conference held at the US Embassy here yesterday.
It could well be heading into the kind of downward spiral that the US Treasury Secretary, Tim Geithner, warned about in Davos.
Analysts said that the support from US Treasury Under Secretary Lael Brainard, especially ahead of the meeting of the G20 group of nations later this week, had helped allay those fears.
"Over time, by providing a market for these assets that does not now exist, this programme will help improve assets values, increase lending capacity by banks, and reduce uncertainty about the scale of losses on bank balance sheets, " US Treasury Secretary Timothy Geithner wrote in the Wall Street Journal before the programme was officially announced.
Yesterday the US Treasury Secretary said it was "unfair to see Germany as the sole source of the problem".
On October 13, 2008, US Treasury Secretary Henry Paulson summoned the CEOs of the nine largest US banks and forced them to sell shares to the government.
FORBES: Euro Zone Has a Model For Saving Spain's Banks -- the U.S.
Six years later, on October 14, 2011, when he was serving as US Treasury Secretary, Geithner greeted the prosecution of several hedge fund managers for various trading infractions in a much more confrontation tone.
FORBES: "Villains" of Financial Crisis Wrestle with Misperceptions
As undersecretary, deputy secretary and then secretary of the Treasury, Larry helped guide us through several major international financial crises--and was a central architect of the policies that led to the longest economic expansion in American history, with record surpluses, rising family incomes and more than 20 million new jobs.
Mr Volcker served as Under Secretary of the Treasury for International Affairs when the US abandoned the gold standard and ended the Bretton Woods regime of fixed interest rates in the early 1970s.
To address these concerns, US Treasury Secretary Timothy Geithner visited China at the end of May to give assurance over the safety of dollar assets, and met with his Russian counterpart over the weekend at the sidelines of the G8 finance ministers meeting.
The measures were "another strong step in the international effort to dramatically increase the pressure on Iran", US Treasury Secretary Timothy Geithner and Secretary of State Hillary Clinton said in a statement.
First Row (L-R): Finance Minister of Germany Jorg Asmussen, Finance Minister of Italy Giulio Tremonti, Canadian Finance Minister Jim Flaherty, US Treasury Secretary Timothy Geithner, French Finance Minister Christine Lagard, British Chancellor of the Exchequer Alistair Darling and Luxembourg Prime Minister and chairman of the Eurogroup Jean-Claude Juncker.
But US Treasury Under-Secretary John Taylor said the US could not support the IFF because of its "legislative process".
The US treasury secretary was accompanied not only by Mr Bernanke but also by six members of President Bush's cabinet.
Treasury Secretary Tim Geithner, who is co-leading the US delegation along with Secretary of State Hillary Clinton, is likely to push his Chinese counterparts behind the scenes.
He was speaking to us about an article in the current issue called "The Captain of the Street, " a profile of Treasury Secretary Henry Paulson.
应用推荐