As the exchange with Rep. Neugebauer continued, Secretary Geithner conceded the new Dodd-Frank rules being drafted by regulators will burden the private sector with increased costs, but that -- according to the Secretary -- is their point:
"Now they have consequences. They will raise costs of business for
financial institutions. That is their objective, in some ways, or that is
the necessary outcome of that stuff."
END Bennie and THE FED before they end U.S. !!!
iannetta11 4 months ago