Geithner Is Said to Lash Out at Regulators

[Carol25]

Mr. Obama in June unveiled a financial regulatory overhaul, sometimes called the biggest since the 1930s. Among other things, the plan would give the Fed added powers, award the government more power to break up troubled companies and create a new agency to oversee consumer finance.
According to the newspaper, Friday’s roughly hour-long meeting was unusual because of Mr. Geithner’s repeated obscenities and his aggressive posture toward regulators generally deemed independent of the White House.


The newspaper said Mr. Geithner told attendees that the administration and Congress set policy. It also said the Treasury secretary, without singling out officials, raised concerns about regulators who have questioned the wisdom of giving the Fed more power.

http://dealbook.blogs.nytimes.com/2009/08/04/geithner-said-to-lose-his-cool-at-regulators-meeting/ (http://dealbook.blogs.nytimes.com/2009/08/04/geithner-said-to-lose-his-cool-at-regulators-meeting/)

[Carol25]

the plan would give the Fed added powers, award the government more power to break up troubled companies and create a new agency to oversee consumer finance.



That's just what we need more power to the governement.

In the same article it states Geithner told the participants to air out their differences and speak freely, only to be chastized for it later.

These people are hard, repected workers of the gov't and did not deserve to be talked to with obscenities. If Rahm has a foul mouth, and has no control over his own anger, he should go somewhere else.

This isn't Chicago.

[watcher2005]

I am against giving the "federal" reserve more power.

[Carol25]

I think most Americans are. Just when does this octupus gov't stop trying to usurp our businesses. Our car manufaturers, banks, insurance and they still want more to consume.