Geithner Calls Foreclosure Moratorium ‘Very Damaging’
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Treasury Secretary Timothy F. Geithner said a nationwide moratorium on foreclosures would hurt U.S. homeowners and real estate prices.
“A national moratorium would be very damaging to exactly the kind of people we’re trying to protect,” Geithner said in an interview on “Charlie Rose,” to air later today on PBS and tomorrow on Bloomberg Television.