Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Geithner Urges Passage of Financial Reform

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

JACK HEALY
NY Times
Wednesday, Sept 23rd, 2009

Treasury Secretary Timothy F. Geithner urged Congress on Wednesday to adopt the Obama administration’s proposals to overhaul financial regulations, warning that the system was still fraught with the same problems that helped to create last year’s crisis.

“The flaws in our financial system and regulatory framework that allowed this crisis to occur, and in many ways helped cause it, are still in place,” Mr. Geithner said in prepared remarks to the House Financial Services Committee. “We may disagree over details of how to best fix those flaws, but that cannot mean we do not act.”

Representative Barney Frank, the Massachusetts Democrat who leads the committee, said legislative hearings on specific pieces of the bill would begin next week.

In testimony on Capitol Hill, Mr. Geithner sought to shore up support for financial reform. Momentum behind the administration’s proposals has flagged recently as shocks of the credit crisis faded, Americans grew weary of big government interventions and financial lobbyists pushed back against some of the plans, including creating a new agency to protect consumers.

Full article here

Geithner Urges Passage of Financial Reform  270809banner 

This article was posted: Wednesday, September 23, 2009 at 10:08 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
See the rest on the Alex Jones YouTube channel.

Ebola Czar: Overpopulation Controls Are Needed in Africa See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.