Geithner Screams At Financial Regulators In "An Expletive-Laced" Meeting for Failures

Discussion in 'Wall St. News' started by ByLoSellHi, Aug 3, 2009.

  1. Anyone buying the horse shit they're peddling?

    THE WALL STREET JOURNAL
    AUGUST 4, 2009

    Geithner Vents as Overhaul Stumbles

    BY DAMIAN PALETTA AND DEBORAH SOLOMON

    WASHINGTON --
    Treasury Secretary Timothy Geithner blasted top U.S. financial regulators in an expletive-laced critique last Friday as frustration grows over the Obama administration's faltering plan to overhaul U.S. financial regulation, according to people familiar with the meeting.

    The proposed regulatory revamp is one of President Barack Obama's top domestic priorities. But since it was unveiled in June, the plan has been criticized by the financial-services industry, as well as by financial regulators wary of encroachment on their turf.

    Mr. Geithner told the regulators Friday that "enough is enough," said one person familiar with the meeting. Mr. Geithner said regulators ...

    http://online.wsj.com/article/SB124934399007303077.html
     
  2. Illum

    Illum

    Waaa "give the fed everything now... or I'll cry some more." Hurry Timmy, hurry