Saturday, 1 August 2015
Last updated 1 day ago
Oct 17 2011 | 9:47am ET
U.S. Treasury Secretary Timothy Geithner says Americans should “stay tuned” for more prosecutions of law-breaking Wall Street financiers.
Geithner made the comments on Friday during a CNBC television interview, countering a suggestion that Occupy Wall Street protesters are angry over the lack of prosecution of the bankers behind the 2008 financial crisis.
"That's not true," said Geithner. "You've seen very, very dramatic enforcement actions already ...across the U.S. government and I'm sure you're going to see more to come. You should stay tuned for that.”
The Treasury Secretary also said that although the government faces “a lot of resistance” to new regulations intended to prevent a replay of the crisis, it was determined to implement reforms to protect consumers.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…