WASHINGTON, D.C. – Forum President Rob Nichols released the following statement in response to Secretary Geithner's remarks at the Treasury Department today:

"The Forum commends Secretary Geithner, President Obama, and the President's economic team for their efforts and commitment to stabilizing the financial markets and the greater economy at large.

"The financial services sector is the cardiovascular system that pumps life into our economy. A stable, competitive, and innovation financial sector is essential for the growth and vitality of other sectors of the economy. We applaud the efforts of the Administration to stabilize the system and restore confidence in our markets, to revitalize lending, and increase much needed credit flowing to consumers and businesses.

"The Forum looks forward to reviewing the details of the proposals and welcomes the opportunity to serve as a resource to the Administration and leaders on Capitol Hill as they address the economic challenges facing our country."

The Financial Services Forum is a non-partisan financial and economic policy organization comprised of the CEOs of 17 of the largest and most diversified financial services institutions doing business in the United States. The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.