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October 15, 2011
What kind of Treasury Secretary becomes a partisan political tool?
Geithner says "actions against Wall Street" coming. "Stay tuned." Wonderful timing when the pillars of finance are under strain already from Durbin-Frank, EU financial turmoil, poor economic conditions in America, and more. Now they have another problem to worry about, another level of uncertainty: a federal government determined to whack them repeatedly for political purposes. Tim Mak writes in Politico: Treasury Secretary Timothy Geithner suggested Friday that a new round of "dramatic enforcement actions" against Wall Street wrongdoing is coming. "Stay tuned for that," Geithner said. Asked on CNBC about the Occupy Wall Street movement's frustrations over the lack of criminal charges related to the financial crisis, Geithner said action is on the way. "You've seen very, very dramatic enforcement actions already by the enforcement authorities across the U.S. government, and I'm sure you're going to see more to come. You should stay tuned for that," he said.(Read Full Post)