Treasury Secretary Geithner is correct that our nation needs a “comprehensive” attack on our financial crisis. We must have a major course correction that protects America’s taxpayers, cleans up the still-deteriorating mess as quickly as possible and builds public trust.

Our nation’s banking plan should include safeguards to guarantee that taxpayers get fair value for the money they are investing and tough conditions on the banks to protect the public’s money. Rather than trying to “rescue” any particular institution, our overall goal must be to ensure that the country ends up with functioning banks with healthy capital structures. We must minimize the amount of money that we borrow in implementing the plan. And we must actually fix the mortgage crisis which is hurting so many working men and women.

We look forward to working with the Obama Administration and the Hill to building a banking plan that achieves these basic working principles to make our nation’s economy work for everyone.

Contact Eddie Vale 202-637-5018