U.S. Treasury Secretary Timothy Geytner reported in yesterday's speech to Congress that the banks are facing difficulties at this time will receive a range of opportunities to improve their financial situation. He said that lenders will be able to get help from taxpayers' funds, with funds from private investors, or convert the investment from the government of preferred shares into common stock. Each bank, according to Geytnera be able to choose the exact path, which is the closest to his work. "The proposed process would require much effort, but its implementation is necessary," - said Geytner. He also noted that financial regulators have taken the duty of selecting appropriate banks for 19 major, also, that regulators, not the Treasury, to set the date of payment arrears, the Government banks, thus reducing pressure on banks. Federal Reserve System is currently testing the banks to solvency, the results are expected by May 4. The goal of research is to define the federal government guarantees that the finance company will be able to survive a deep crisis for two years. "A huge number of banks is more than enough financial resources to overcome the crisis", - said Geytner.
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