The Trouble with Tim’s Treasury
Crossposted from New Deal 2.0

By Marshall Auerback, Senior Fellow at the Roosevelt Institute, and a market analyst and commentator.

FinReg may fall short if power is channeled into Geithner’s hands.

More depressing news from the “change” President. The Washington Post has reported that one of the major impacts of the FinReg bill passed last week by Congress is the accretion of new power to Obama’s Treasury Secretary. According to the Post, Tim Geithner stands to inherit vast power to shape bank regulations, oversee financial markets and create a consumer protection agency.

http://www.nakedcapitalism.com/2010/07/the-trouble-with-tim%e2%80%99s-treasury.html