Geithner Defends Strong Bank Regs As Crucial To Recovery

Law360, New York (April 4, 2012, 3:04 PM EDT) -- Treasury Secretary Timothy Geithner said Wednesday that opponents of the Obama administration's efforts to reform the financial system were off base, and that the tightening of rules on banks was a key ingredient in a slowly improving economy.

In a speech at the Economic Club of Chicago, Geithner said that critics who say that increased financial regulations have hampered the nation's economic recovery from the 2008 financial crisis and resulting disastrous recession were doing so for political reasons and ignoring the steady growth that businesses have...
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