Treasury Secretary Timothy Geithner at a news conference in February when he announced a plan to take $500 billion in bad assets off the books of struggling banks and expand a Federal Reserve program to support up to $1 trillion in asset-backed securities.
Treasury Secretary Timothy Geithner at a news conference in February when he announced a plan to take $500 billion in bad assets off the books of struggling banks and expand a Federal Reserve program to support up to $1 trillion in asset-backed securities. Chuck Kennedy / MCT
Treasury Secretary Timothy Geithner at a news conference in February when he announced a plan to take $500 billion in bad assets off the books of struggling banks and expand a Federal Reserve program to support up to $1 trillion in asset-backed securities. Chuck Kennedy / MCT

Politics & Government

July 24, 2009 5:41 PM

Bank regulators resist Obama's encroachment on their turf

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