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Inside Washington (08/18/2009)
* WASHINGTON (8/19/09)--In a letter dated Aug. 7, Treasury Secretary Timothy Geithner defended the way he criticized bank regulators during a July 30 meeting. He wrote the letter to Republicans on the House Financial Services Committee (American Banker Aug. 18). Republican lawmakers have said Geithner tried to bully independent agencies, but Geithner said he wanted to express to regulators that they should not let agencies’ efforts to defend their turf impede reform. Regulators are independent and have a right to express their views, but regulators and the administration have shared goals and common ground, Geithner said ...


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