Today, Treasury Secretary Geithner, who serves as chairperson to the Financial Stability Oversight Council, announced that the Council will hold its first meeting on October 1, 2010.
On Tuesday, in advance of the G-20 Summit to be held in Toronto this weekend, U.S. Treasury Secretary Timothy Geithner and Director of the National Economic Council Larry Summers published an op-ed in the Wall Street Journal outlining their agenda at the Toronto Summit and “highlighting the importance of the G-20 in building a united approach to global economic recovery."
Yesterday, the Financial Crisis Inquiry Commission (FCIC) held the second of a two-day hearing entitled "The Shadow Banking System."
In connection with the Spring 2010 IMF-World Bank meetings in Washington D.C. this weekend, the IMF's International Monetary and Financial Committee (IMFC) and the Development Committee (the joint ministerial committee of the Boards of Governors of the IMF and the World Bank) issued communiqués summarizing the conclusions of their respective meetings.
Yesterday, Treasury Secretary Geithner received a letter from House Republicans demanding the restructuring of Fannie Mae and Freddie Mac.
Yesterday, Treasury Secretary Geithner appeared before the Senate Foreign Relations Committee.
Last Friday, President Obama speaking in the White House East Room before several distinguished members of the Administration including Treasury Secretary Geithner, FDIC Chairman Bair and members of Congress reflected upon the Administration’s present efforts regarding consumer financial protection reform and reaffirmed his support for the creation of the Consumer Financial Protection Agency ("CFPA").