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Tim Geithner's nominee for #2 helped make this mess

Visit Supreme Arthur's Blog | 13 months ago

Get in the cockpit and roll. What in he heck? Well, I'll be a Charles Dickens with a bunch of grapes.

 

http://www.mydd.com/story/2009/3/31/132541/829

Tim Geithner's new nominee for number two at the Treasury Department, Neal Wolin, played a key role in drafting legislation in the late 1990s deregulating the banking system, a former Treasury Department official confirms to us. The law that Wolin helped draft has been blamed by some critics, many of them Democrats, for easing up regulatory pressure on huge financial institutions, tangentially helping create today's mess -- and his role drafting it could come under questioning at his upcoming confirmation hearings. ... Stuart Eizenstat, a deputy Treasury secretary under Bill Clinton, confirmed that as Treasury's general counsel at the time, Wolin "provided the technical and legal drafting" for the Gramm-Leach-Bliley Act.

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Supreme Arthur 13 months ago

hmm

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