Secretary Geithner on Financial Industry Regulations
Oct 29, 2009
The House Financial Services Committee heard testimony on a bill to eliminate systemic risk and provide for prudential banking overhaul. The proposed legislation would give federal officials power to regulate, seize and dismantle large financial firms whose failure would pose a risk to the economy. Treasury Secretary Geithner in his testimony .. Read More
The House Financial Services Committee heard testimony on a bill to eliminate systemic risk and provide for prudential banking overhaul. The proposed legislation would give federal officials power to regulate, seize and dismantle large financial firms whose failure would pose a risk to the economy. Treasury Secretary Geithner in his testimony defended a proposal to create a new financial consumer protection agency to oversee the program.
