Transcript: Treasury Secretary Timothy Geithner

STEPHANOPOULOS: Do you think that is happening?

GEITHNER: No, I don't think we're at the point yet but it's going to take fundamental reform of our financial system, compensation reforms are an important part of that. But we need to go beyond that and that is why the President has moved so early in this administration to propose very far reaching reforms to provide much stronger protection for consumers and deliver a more stable financial system and give us better tools to manage financial crisis. The broader fundamental reforms to protect consumers, create a more stable systems are absolutely important. One of the President's top legislative priorities this year and I think ultimately you're going to find broad based support for those reforms.

STEPHANOPOULOS: Mr. Secretary, thanks very much for your time today.

GEITHNER: Good to see you.

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