U.S. ‘Dark Forces’ Are Fighting Financial Reform Geithner Says

Posted By on May 25, 2011

We’ll give you one guess on who these “Dark Forces’ are…..yep, one guess.  If you said it’s the too big to fail banks or financial institutions, indirectly (through political lobbyists) then you’re guess is in agreement with our guess, and you get a brownie button!

Treasury Secretary Timothy F. Geithner said “dark forces” are waging a “war of attrition” against efforts to strengthen regulation of the financial system.

“You’re seeing some people run a war of attrition against the reform act,” Geithner said at an event today in Washington, without identifying the people. “They’re trying to starve the agencies of funding so they can’t enforce protections for investors.”

Geithner also said opponents of the Obama administration are trying to block presidential appointments to regulatory agencies “as a way to get leverage over the outcome, and they’re trying to slow down so that they can weaken over time the thrust” of the Dodd-Frank financial overhaul law. “We’re not going to let that happen.”

More at: http://www.bloomberg.com/news/2011-05-25/-dark-forces-fighting-financial-reform-geithner.html

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