Skip to main content
Tags: US | Financial | Regulation | Geithner

Geithner: Bill Would Avoid Bank Supersizing

Thursday, 22 April 2010 07:47 AM EDT

Treasury Secretary Timothy Geithner says a key goal of financial reform is to avoid the supersizing of banks while reining in unreasonable risk-taking.

Geithner tells ABC there is "enormous resistance" to a regulation bill pending in Congress and says "that's why it's been so hard to get this done."

The secretary said in an interview broadcast Thursday that the government must "make sure that you're limiting" how big banks can get.

Geithner said Washington must "put them out of existence, dismember them," without a taxpayer bailout "if they mess up and they take themselves to the edge of the cliff again." He said he's confident Congress will come to agreement on sweeping financial overhaul legislation.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


InsideCover
Treasury Secretary Timothy Geithner says a key goal of financial reform is to avoid the supersizing of banks while reining in unreasonable risk-taking.Geithner tells ABC there is enormous resistance to a regulation bill pending in Congress and says that's why it's been...
US,Financial,Regulation,Geithner
115
2010-47-22
Thursday, 22 April 2010 07:47 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved