Geithner Calls Current Financial Rules “Inadequate and Outdated”
Treasury Secretary Tim Geithner calls the current system of financial rules “inadequate and outdated” during testimony before the House Financial Services Committee. Geithner expressed his support of Committee Chairman Rep. Barney Frank’s (D-Mass.) proposal to force wealthy corporations to pay for future bailouts of large financial firms. (0:13)
October 29, 2009
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