Comment on Treasury's Geithner takes heat at hearing on Obama financial reform plan

Treasury's Geithner takes heat at hearing on Obama financial reform plan

Treasury Secretary Timothy Geithner today began the tough sales job on Capitol Hill for the Obama administration's sweeping overhaul of financial regulations, facing sharp criticism at a Senate hearing for one key proposal -- increasing the power of the Federal Reserve to regulate large institutions whose failure would pose a significant risk to the economy.

 

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