Geithner Admits Dodd-Frank Rules Raise Cost of Business

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Uploaded by on Oct 12, 2011

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."

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  • END Bennie and THE FED before they end U.S. !!!

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