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Geithner, Summers Outline New Regulatory System

By Kevin Spak, Newser Staff

Posted Jun 15, 2009 8:33 AM CDT

(Newser) – The current financial regulatory system “is riddled with gaps, weaknesses, and jurisdictional overlaps,” Treasury Secretary Timothy Geithner and Obama economic guru Larry Summers write in today’s Washington Post. They outline, in broad strokes, their plan to fix it:

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Geithner, Summers Outline New Regulatory System

Federal Reserve • capital • liquidity • regulation • securities • Larry Summers • bank regulation • Obama administration • Timothy Geithner

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