Geithner
April 27, 2010 | federal legislation, industry | Comments (0)His latest from a NPR interview:
Well, what we propose is a system the United States has been living with as a country for more than 30 years. This is how we deal with small bank failures. So our judgment is, again, if in the future we face another crisis and the government has to step in to protect the economy from a financial fire like this, and if the government was exposed to any risk of loss, then the government would impose a fee on large institutions to cover those losses over time. So in a sense what we’re saying is that banks should pay, in a sense, in proportion to the risk they take.
Lots of other general banalties as well. Listen to the entire interview instead of taking a sleeping pill tonight.
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