Despite continuing foreclosures, problems in the commercial real estate sector and persistently high unemployment, Treasury Secretary Timothy Geithner expressed a clear confidence late Tuesday that there will not be a "second wave" of the financial crisis.

"We'll do what's necessary to prevent that," he said in an interview aired on National Public Radio. "We cannot afford to let the country live again with the risk that we're going to have another series of events like we had last year. That's not acceptable."

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