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US Treasury

January 18th, 2011 Financial Stability Oversight Council Takes Major Steps to Make Financial System More Stable, Protect Against Future Crises

FSOC Approves Volcker Rule and Concentration Limit Studies, Issues Proposed Rule on Designations of Nonbank Financial Firms for Heightened Supervision

October 2nd, 2010 Financial Stability Oversight Council Holds Inaugural Meeting

An Important Milestone Reached in Implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act

July 18th, 2010 Treasury Secretary Timothy Geithner Remarks on Passage of the “Wall Street Reform and Consumer Protection Act”

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.

July 16th, 2010 Treasury Secretary Timothy Geithner Remarks on Passage of the “Wall Street Reform and Consumer Protection Act”

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.

June 30th, 2010 Statement from Secretary Geithner on House Passage of Financial Reform

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:

May 21st, 2010 Statement of Treasury Secretary Geithner on Senate Passage of the Restoring American Financial Stability Act of 2010

 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:

May 6th, 2010 Secretary Timothy F. Geithner Testimony Before the Financial Crisis Inquiry Commission Causes of the Financial Crisis and the Case for Reform

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

May 5th, 2010 Statement of Treasury Secretary Geithner on Financial Reform

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."

May 4th, 2010 Secretary of the Treasury Timothy F. Geithner Written Testimony Senate Committee on Finance

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

April 29th, 2010 Treasury Secretary Timothy F. Geithner Statement before the Senate Committee on Appropriations Subcommittee on Financial Services and General Government

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.

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