Treasury Secretary Timothy Geithner blasted top U.S. financial regulators in an expletive-laced critique last Friday as frustration grows over the Obama administration’s faltering plan to overhaul U.S. financial regulation, according to people familiar with the meeting. The proposed regulatory revamp is one of President Barack Obama’s top domestic priorities. But since it was unveiled in June, the plan has been criticized by the financial-services industry, as well as by financial regulators wary of encroachment on their turf. More from NY Times…
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How embarrassing, Mr. Geithner!
Looks like the ugly truth about you is going mainstream–you’re a fraud, a failure and a farce.
His masters at the Fed are getting impatient with his inability to bring Sheila to heel.
Of course he is angry, this is the opportunity the Fed masters have been waiting for for decades. If they lose their chance now to consolidate powers at the large banks, they may not get an opportunity again for years.
And Geithner will be held responsible. The bankers will not be happy with his failure.
How dare you question the brilliance of the Mighty Obamas? And to paraphrase Dave Barry, wouldn’t “The Mighty Obamas” be an excellent name for a rock band? After all, you ordinary serfs are too stupid to understand the brilliance of an administration who dumped 2 trillion in spending, then jumped on the bandwagon to insist we curtail the deficit, while touting a trillion dollar health care takeover to “Save money”.
I guess it’s just beyond my intelligence……