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Geithner to seek unprecedented powers, insiders say
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Candidate
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Contributor | John |
Last Edited | John Mar 24, 2009 09:17am |
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Category | News |
Media | TV News - CNN |
News Date | Tuesday, March 24, 2009 03:00:00 PM UTC0:0 |
Description | Treasury Secretary Tim Geithner will push for unprecedented new regulatory powers on Tuesday to seize financial institutions whose failure would pose serious risks to the U.S. financial system, according to two senior administration officials.
Treasury Secretary Tim Geithner is expected to seek "resolution authority" to deal with the financial crisis. |
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