Geithner Calls for Expanded Oversight Power of Financial System

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Timothy Geithner appeared before the House Financial Services Committee to present a plan for comprehensive reform of financial regulations. The plan includes oversight of exotic financial instruments and firms that are considered too big to fail. The Treasury Secretary said the system needed not just “modest repairs at the margin, but new rules of the game.” Binyamin Appelbaum is national banking reporter for the Washington Post.

Credits

Guest:
Binyamin Appelbaum - New York Times - @BCAppelbaum

Host:
Lawrence O'Donnell

Producers:
Frances Anderton, Katie Cooper