Roundup

TPMDC Morning Roundup

Eric Kleefeld | May 6, 2010, 9:00AM

Geithner: Banks Cannot Be Separated From Risk
Treasury Secretary Tim Geithner is scheduled to testify today at the Financial Crisis Inquiry Commission, where he will say that stability cannot be achieved by separating banks from risk. The Treasury released an excerpt from his remarks: "The lesson of this crisis ... is that we cannot make the economy safe by taking functions central to the business of banking, functions necessary to help raise capital for business and help businesses hedge risk, and move them outside banks, and outside the reach of strong regulation."

Obama's Day Ahead
President Obama will receive the presidential daily briefing at 9:15 a.m. ET, and the economic daily briefing at 10 a.m. ET. He will meet at 11 a.m. ET with his national security team on Afghanistan and Pakistan. He will meet at 3:30 p.m. ET with Secretary of State Hillary Clinton.

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