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

US Bank Regulators Dig In Against Obama Shake-Up

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

Tuesday, August 4, 2009

Top U.S. bank regulators spoke out Tuesday against key elements of the Obama administration’s plan to reshape financial regulation, calling some parts unneeded or disruptive.

The officials’ defiance, voiced at a Senate Banking Committee hearing, came despite a warning from Treasury Secretary Timothy Geithner on Friday.

In remarks punctuated with expletives at a private meeting, Geithner urged the regulators to end their turf battles and support President Barack Obama’s plan, said a person familiar with the situation on Monday.

But that seemed to have little impact on the regulators, who took issue with some of the administration’s proposals to tighten oversight of banks and capital markets amid the worst financial crisis in decades and with the economy in recession.

Full article here

This article was posted: Tuesday, August 4, 2009 at 11:05 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Raheem Kassam: Sh*thole London See the rest on the Alex Jones YouTube channel.

Germans Being Mass Brainwashed by TV to Submit to Islam See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/bcPVfa76Qig https://www.youtube.com/embed/kYmTFL9nbRQ

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.