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Daily Real Estate News | November 2, 2009 | Treasury Secretary Confident in Recovery
U.S. Treasury Secretary Timothy Geithner reassured an audience of businesspeople last week that the troubled commercial real estate sector wouldn’t severely damage the rest of the economy.

“I think the economy can handle it,” Geithner said.

Geithner described the economy in the third quarter as “broad and strong” and concluded, “I think you can say with confidence that the financial system is stable [and that] the economy has stabilized."

Source: The Wall Street Journal, Doug Cameron (10/30/2009)