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Jeremy Siegel's Advice to Banks: Lend That Money Now
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******************************** Jeremy Siegel's Advice to Banks: Lend That Money Now http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=2105 Before the stock market and the broader economy can return to something that looks like normal, banks must start to lend the billions they are getting from the U.S. Treasury's Troubled Asset Recovery Program, says Wharton finance professor Jeremy Siegel. In an interview with Knowledge@Wharton, he also discusses the government's rescue of Citigroup and the proposed bailout of the U.S. auto industry.
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