On-Site Coverage: Geithner Defends Financial Overhaul Bill and Warren
WASHINGTON — Treasury Secretary Tim Geithner criticized unnamed “dark forces,” who are trying to undermine the implementation of the financial overhaul bill that Congress passed last year.
Geithner, who made his comments at an event sponsored by Politico, deflected a request by the moderator to specify which individuals or groups were causing problems.
However, the administration has criticized Senate Republicans for threatening to torpedo the nominations of appointees to several agencies and for actually blocking the nomination of Nobel Prize-winning economist Peter Diamond to the Federal Reserve Board.
“We want to put up people who can be confirmed,” Geithner said. “We want to put up talented people who can do those jobs. Finding the intersection between those two things has become difficult because people are less willing to come and Congress is proving itself unwilling to confirm Nobel Prize-winning economists.”
He also said that congressional Republicans have been unfairly criticizing the way Elizabeth Warren had been handing the setup of the new Bureau of Consumer Financial Protection.