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8:03 am
September 4, 2009
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Not sure why I'm bothering to post this, but what the heck:
Geithner blames greed not fraud for crisis. Outgoing Treasury Secretary Timothy Geithner has explained in a leaving interview with the WSJ why he's uncomfortable with accusations that bankers haven't been punished enough for the financial crisis. "A huge part of what happened across the system was just a mixture of ignorance and greed, or hope over experience, and not illegal. Most financial crises are not caused by fraud or abuse."
5:30 pm
December 2, 2006
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fred beyers said
Not sure why I'm bothering to post this, but what the heck:
Geithner blames greed not fraud for crisis. Outgoing Treasury Secretary Timothy Geithner has explained in a leaving interview with the WSJ why he's uncomfortable with accusations that bankers haven't been punished enough for the financial crisis. "A huge part of what happened across the system was just a mixture of ignorance and greed, or hope over experience, and not illegal. Most financial crises are not caused by fraud or abuse."
I cannot read it because I am not a subscriber to WSJ.
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