9/29/09 5:06 PM EDT - With time on the legislative calendar running short, Treasury Secretary Timothy Geithner on Tuesday made his best case for Congress to pass the Obama administration’s financial regulatory reform proposal before the year is out.
“We want to get this done as quickly as we can,” Geithner said.
He spoke at a moment at which a new bull market is at work on Wall Street and emboldened financial institutions are seeking to use that new momentum to blunt the pace of reform in Washington.
Geithner knows his window of opportunity to pass a financial overhaul is diminishing. “As you let the memory of the crisis fade,” he said, “It’s easier for people to fight reform. The best strategy our opponents can adopt is to slow things down.” FULL STORY
