Monday, June 29, 2009

Geithner discusses response to financial crisis

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ICSC SmartBrief | 06/26/2009

Treasury Secretary Timothy Geithner answered questions about the financial crisis, its causes and the government's response to the meltdown. Geithner explained the idea behind the Consumer Financial Protection Agency, as well as where the plan to buy banks' troubled assets stands and how he would like to see the banking sector develop during the next few years. "I don't think that we want to end up with a more concentrated system than we have today," he said

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