Geithner Warns More Wall Street Prosecutions To Come

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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...