2016 Postmortem
Related: About this forumMichael Barr, Clinton advocate, worked to defeat important Wall Street Reforms
while a member of Treasury under Geithner. He was just on MSNBC supporting Clinton's Wall Street Support Plan.
A Senate proposal to force banks to shed their lucrative yet risk-laden derivatives units -- which is vehemently opposed by Wall Street -- is gaining steam, picking up the support of some regional Federal Reserve chiefs with more on the way.
Yet President Barack Obama's Treasury Department, led by Timothy Geithner, continues to oppose the measure, Senate aides say, who add that Treasury is supporting Wall Street over Main Street by opposing the measure considered of "utmost importance" to financial stability.
"It shows the access of the major Wall Street banks in the Treasury Department in spades," one Senate aide said on the condition of anonymity. Assistant Treasury Secretary for Financial Institutions Michael S. Barr is said to be leading Treasury's efforts.
http://www.huffingtonpost.com/2010/06/14/obamas-treasury-dept-work_n_611205.html
Wilms
(26,795 posts)Motown_Johnny
(22,308 posts)99th_Monkey
(19,326 posts)I mean really... who's POTUS anyway? Obama or Geithner?
Ron Green
(9,823 posts)away from the imperial model and toward a true earth community. It's a real stretch even for future-oriented people, but of course absolutely necessary for our survival.