Geithner Defends Proposed Overhaul of Financial System

Treasury Secretary Timothy Geithner today launched the Obama administration's push for the most sweeping financial system overhaul since the Great Depression, beginning with a Capitol Hill hearing. But during a morning session with the Senate Banking Committee, lawmakers made it clear the administration would encounter opposition from both sides of the aisle. "Over the past two years, our nation has faced the most severe financial crisis since the Great Depression," he said this morning...Full Story
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