NY Times: Tim "Ratboy" Geithner loses cool over resistance to Fed power-grab
Submitted by BmoreBrawler on Tue, 08/04/2009 - 13:34
http://dealbook.blogs.nytimes.com/2009/08/04/geithner-said-t...
According to the newspaper, Friday’s roughly hour-long meeting was unusual because of Mr. Geithner’s repeated obscenities and his aggressive posture toward regulators generally deemed independent of the White House.
The newspaper said Mr. Geithner told attendees that the administration and Congress set policy. It also said the Treasury secretary, without singling out officials, raised concerns about regulators who have questioned the wisdom of giving the Fed more power.
Ms. Schapiro and Ms. Bair have argued that more authority should be shared among a council of regulators.
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