Timothy Geithner

In March of 2008, as the fires of this financial crisis were just starting to burn, then-Senator Obama traveled to New York and outlined a vision for Wall Street reform – reform to prevent those fires from burning again.

He called for a restoration of responsibility, for a more stable banking system with stronger protections for American families and businesses.

In March of 2008, as the fires of this financial crisis were just starting to burn, then-Senator Obama traveled to New York and outlined a vision for Wall Street reform – reform to prevent those fires from burning again.

He called for a restoration of responsibility, for a more stable banking system with stronger protections for American families and businesses.

The U.S. Department of the Treasury today released the following statement from Secretary Tim Geithner on passage of financial reform legislation by the U.S. House of Representatives:

We meet over the next two days to advance the goals of growth and reform.

The G-20 leaders come to Canada with a solid track record.

The world economy is now coming out of the fires of the crisis.

Because we acted together, the world economy is now growing again, trade is expanding, and we are repairing the financial damage.

And just in the past few weeks, we have seen additional progress.

 The U.S. Department of the Treasury today released the following statement from Treasury Secretary Tim Geithner on the Senate's passage of S.3127, the Restoring American Financial Stability Act of 2010:

Chairman Angelides, Vice Chairman Thomas, members of the Commission, thank you for the opportunity to testify.

The U.S. Department of the Treasury today released the following statement from Secretary Tim Geithner on the Senate's approval of the Shelby-Dodd amendment:

"We welcome today's action by the Senate to approve the Shelby-Dodd amendment and commend Chairman Dodd and Senator Shelby for their leadership. The strong bipartisan support for this provision demonstrates the growing momentum for passing comprehensive financial reform."

Chairman Baucus, Ranking Member Grassley, Members of the Committee, thank you for the opportunity to testify before you today regarding the Financial Crisis Responsibility Fee

As Prepared for Delivery

Chairman Durbin, Ranking Member Collins, members of the Subcommittee, thank you for the chance to testify today.
Today, the full Senate begins debate on landmark legislation that will protect American families, limit risky activities on Wall Street and end the perception that any firm is "too big to fail."

Over the past several weeks, opponents of reform have tried to convince the American people that these reforms will hurt Main Street or help Wall Street.
Those arguments won't work because they aren't true.

Introduction