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Geithner Outlines Plan to Overhaul Nation's Financial Regulatory System

Geithner Outlines Plan to Overhaul Nation's Financial Regulatory System

Treasury Secretary Timothy Geithner outlined plans Thursday to rewrite the nation’s financial rules as part of what the Wall Street Journal described as the most comprehensive changes to financial market regulation since the New Deal. Geithner’s plan includes the creation of a single regulator to monitor any firm whose failure could threaten the financial system. We speak with economist James Galbraith. [includes rush transcript]

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