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Secretary Geithner argued that we have forgotten the reasons that the Dodd-Frank Act was necessary, and that's why the act has become so controversial. What the secretary seems to have missed is that we have learned a lot in the intervening years. The administration's rush to judgment on the financial crisis is a case study in why it would have been worthwhile to wait for the facts.
Treasury Secretary Timothy Geithner has said that the administration wants to bring private capital back to the housing finance market. But without reopening Dodd-Frank and reigning in the Federal Housing Administrations (FHA), winding down government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will not be enough to allow the private market to return
Letting the Federal Reserve keep a hand in bank supervision and regulation is a mistake.
Despite Treasury Secretary Tim Geithner's pledge to move quickly, the implementation of the Dodd-Frank legislation will take considerable time and leave a pall of uncertainty hanging over business decisions.
Treasury Secretary Timothy Geithner offers an address on the urgent need for financial regulatory reform.





