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	<title>FelipeTorres The Financial Blog &#187; G7 Countries</title>
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		<title>G7 Countries Wedged The U.S Secretary Of The Treasury To Remove The Bad Asset</title>
		<link>http://www.felipetorres.net/financial-news/g7-countries-wedged-the-us-secretary-of-the-treasury-to-remove-the-bad-asset.html/</link>
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		<pubDate>Sat, 28 Feb 2009 01:21:19 +0000</pubDate>
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				<category><![CDATA[Financial News]]></category>
		<category><![CDATA[G7 Countries]]></category>

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		<description><![CDATA[Timothy Geithner, the U.S secretary of the treasury, convinced the G7 countries about his plan to save the U.S financial. Timothy wedged to implement the effort of the bad asset cleaning and recover the loan. Mark Carney, the Governor of Canada Bank, said that it is the comprehensive plan. Because, it has the purpose and [...]]]></description>
			<content:encoded><![CDATA[<p>Timothy Geithner, the U.S secretary of the treasury, convinced the G7 countries about his plan to save the U.S financial. Timothy wedged to implement the effort of the bad asset cleaning and recover the loan.  </p>
<p>Mark Carney, the Governor of Canada Bank, said that it is the comprehensive plan. Because, it has the purpose and intention. Now, the question is how can implemented it. </p>
<p>This week, Geithner attacked by parliament and U.S investor because he failed give the detail from plan of the banking supporting that suffered loss up to 756 billion dollar. Standard &amp; Poor 500 index fell down about 4.9 percent until 827.16 since Geithner announced his plan. </p>
<p>The finance ministers and central banks on G7 countries expected Geithner detailed the funds additional plan about 2 trillion dollar to handle the finance crisis in USA. The G7 countries predicted the worst finance crisis would have been happening along this year.  </p>
<p>Christine Lagarde, the France finance minister, said that Geithner answered the G7 countries question with so clear. In his answered sheet, it is so nice. However, the most important act in this time is the implementation. </p>
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