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Posted on March 26, 2009 | tags


Biz, U.S.: Timothy Geithner wants to add more financial industry oversight

  • Our system failed in basic fundamental ways. The system proved too unstable and fragile, subject to significant crises every few years, periodic booms in real estate markets and in credit, followed by busts and contraction.
  • Treasury secretary Timothy Geithner • In testimony to the House Financial Services Committee (which is headed by awesome guy Barney Frank). He wants to fix the broken system. Hey, if he pulls it off, maybe people won’t hate him anymore. • source