Geithner Flips Out, Tongue-Lashes Regulators
By M. Morris,  Newser Staff
Posted Aug 3, 2009 10:44 PM CDT
Larry Summers, FDIC chair Sheila Bair, Fed chair Ben Bernanke, Tim Geithner, and SEC chair Mary Schapiro (from left) at a February 2009 meeting at the Treasury Department in Washington.   (AP Photo/Gerald Herbert)
camera-icon View 2 more images

(Newser) – The heat is apparently getting to Tim Geithner. At a meeting last week with high-level financial regulators, the treasury secretary indulged in a potty-mouthed diatribe about delays in the administration's highly touted plan to overhaul the regulatory system, declaring, "enough is enough," the Wall Street Journal reports. Attendees included Ben Bernanke, FDIC chair Sheila Bair, and SEC chair Mary Schapiro.

At issue is the apparent reluctance of nominally independent entities to answer to the Fed—and the White House. Geithner "wanted to make sure that, since everyone had agreed on the importance of achieving reform this year, everyone stayed focused on that goal," deputy secretary Neal Wolin told the Journal, which blandly notes that Wolin "declined to comment on Mr. Geithner's tone and language."

 

My Take on This Story
Show results without voting  |  
0%
0%
0%
100%
0%
0%