Treasury Secretary Timothy Geithner unveiled today a series of proposals to regulate derivatives and hedge funds and allow the government to takeover troubled financial companies.

First Corporate Credit Union President/CEO Pete Pritts said his members' reactions to the U.S. Central/WesCorp conservatorships have been a "full range of emotions."

The Washington Credit Union League demanded the NCUA remove PIMCO from future "involvement" on the U.S. Central/WesCorp takeover and give back fees it received.

Executive Compensation Solutions Chairman Alec Berkman said the NCUA should prepare for a fight if it attempts to take a broad interpretation of its right to repudiate the severance agreements of dismissed corporate executives.