Mr. Geithner talked a lot about the “innocent victims” of the crisis, how he felt a deep “personal responsibility and obligation” to prevent another crisis, said bonuses made for a “crazy way to run a financial system,” and made it a point to reiterate that he has never actually worked at a bank–or even a hedge fund, for that matter. But he couldn’t bring himself to fall too far onto the sword, saying the Fed made some mistakes but was still “the strongest, the best, most able of those regulators, in the United States and around the world.”
“I think this is a just war,” he said of the administration’s push to pass a financial regulation bill. In case you couldn’t tell, the White House would very much like to get this done, and soon.
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