Official warns Congress not to force lending

WASHINGTON (AP) -- A top Treasury official told Congress Wednesday that the federal government should not micromanage banks that receive taxpayer assistance, a caution to lawmakers itching to see results from a $700 billion rescue program for the financial sector. Neel Kashkari, interim assistant secretary for financial stability at Treasury, told a congressional oversight panel that banks should not be forced to make loans that bankers might deem risky....

By JIM KUHNHENN

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