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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note