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  • Geithner Is Said to Lash Out at Regulators (Wants FED to have MORE power)

    08/04/2009 12:07:05 PM PDT · by listenhillary · 11 replies · 693+ views
    Dealbook ^ | 8/4/09 | Sorkin
    Treasury Secretary Timothy F. Geithner blasted top regulators in an expletive-laden tirade amid frustration over President Barack Obama’s faltering plan to overhaul financial regulation, Reuters reported, citing a Monday story in The Wall Street Journal. A person familiar with the meeting said that Mr. Geithner told regulators “enough is enough,” the newspaper said. The meeting took place last Friday with Federal Reserve chairman Ben S. Bernanke, Securities and Exchange Commission chairwoman Mary Schapiro and Federal Deposit Insurance Corporation Chairwoman Sheila Bair. The Treasury secretary said regulators had been given a chance to air their concerns, but that it was time...