On the recordJanuary 7, 2009
The Obama administration has made it clear that a dramatic reformulation of this program is needed before the second tranche of the $350 billion is allocated.
Source
congress.govThe Obama administration has made it clear that a dramatic reformulation of this program is needed before the second tranche of the $350 billion is allocated.
Geithner emphasizes the need for reform in the financial allocation program.
Share
More from Tim Geithner
we have suggested that the burden for the revenues that would have to come on the individual side should fall on the most fortunate 2 percent of Americans through an increase in the effective tax rate on those individuals.
executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.
One of the most important things the Congress did is to say, 'We're going to establish a level playing field across banks and nonbanks.'