On the recordFebruary 9, 2009
A substantial part of what caused this crisis was gaps in our overall regulatory framework and the exercise of the oversight authorities that Congress gave our regulators.
Source
congress.govTim Geithner: “A substantial part of what caused this crisis was gaps in our overall regulatory framework and the exercise of the…”
Editor's note · Context
Geithner acknowledges regulatory failures contributed to the financial crisis.
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More from Tim Geithner
Feb 14, 2012
The only way to restore fiscal responsibility and still preserve the commitments we need to make to our retirees and national security, is by a modest increase in the effective tax rate for the Americans who are in the best position to…
Jul 25, 2012
If Congress were to choose to try to defer everything... that would be very damaging to the interests of the country.
Jul 25, 2012
I definitely believe that Dodd-Frank has put us in a much stronger position than we were before the crisis.
Feb 15, 2012
You cannot govern a country if you commit never to raise taxes on anybody, because things change, wars happen, crises happen.
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