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August 06, 2009

Geithner passes buck on recession’s regulatory lapses

President Barack Obama’s worst (and least surprising) Cabinet appointment, Treasury Secretary Tim Geithner, continues to be both thin-skinned and protective of Goldman Sachs types at the same time.

The latest? As folks from places like the FDIC say his proposed financial regulation reform is a sham, he is blaming all of them for lapses that cause the recession in the first place, rather than looking in the mirror at his own time as head of the New York Federal Reserve.

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