Monday, June 6, 2011

Tim Geithner : warning against loopholes in the u.s. financial reform effort

Treasury Secretary Tim Geithner's address in Boston.Geithner: Need Margin Requirements on Derivatives : Geithner says wall street needs to stop opposing financial reform funding and appointments. those who run u.s. major institutions today, I'll just offer my judgment. you should be champions. not opponents. of getting stronger people in place in these bodies over time. that will matter more than almost anything else to the success to get these reforms designed. they're incredibly complicated to get done well. requires not just knowledge of the economics or regulation or policy we're trying to pursue but how to make that work with a very complicated market that's changing rapidly.

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