POLITICS
03/12/2009 05:12 am ET Updated May 25, 2011

Geithner Prevails In Internal Debate Over Bailout, Opposing Tough Conditions

WASHINGTON - The Obama administration's new plan to bail out the nation's banks was fashioned after a spirited internal debate that pitted the Treasury secretary, Timothy F. Geithner, against some of the president's top political hands.

In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.

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