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Geithner Back Before the Firing Squad
Treasury Secretary Timothy Geithner is back before the House Financial Services committee today to argue the case for greater federal regulatory power over non-bank financial institutions. In many members' minds, though, he's still on the line for the AIG bonus flap and for allowing bad financial actors to take too big a role in shaping bailout policy.
The outline of the Treasury's new regulatory reform framework is here. We'll keep a close eye on his testimony.
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Brad DeLong:
March 26, 2009 11:36 AM | Reply | Permalink
Firing squad? Well, since Dems control House by dozens and dozens of votes, and since their leader says he needs the guy, then uh, maybe...
Anyhow, what's the metaphor? Geithner's wearing a vest, or he don't need one?
March 26, 2009 11:43 AM | Reply | Permalink