Treasury Secretary Blasts Regulators

" Paul -- back for two across from them IG investments could see again Paul -- have investment thank you very much for that by the way domestic Tim Geithner apparently than I remembered you remind you when he's angry. Subsequent credible replacement. What do you make -- that I'm. Mohammed that that thing. They seem to be went portion of the council's offended if you look at that means -- You know you've got to Trinidad and he had the feast the Fed the SEC if DOC the comptroller of the currency. The office of -- the CFTC there are lots of regulatory bodies and a and essentially wanted to push everything tools that the -- to give him a global power and that that does is push back from likes to Sheila -- you would think -- all the details of genocide inside that meeting. The say hey listen we can do some of this regulation too but at the end of the day the end result may be the same run a more more more. Heavier regulation in the United States is the matter who -- absolutely that's definitely going to happen but peoples -- into their best interest and turf war. I've nothing will be interesting is whether they're trying to push a listing through to the fate before this -- child twelve us seven -- comes through from one poll. About -- team effective -- will have on the books and implement. And you know that -- thing going for -- you see a lot more regulation. And an unthinkable happen is they'll be repaired a lot of mistakes who might back in the Clinton administration and you probably end up seeing some kind of lost the two time."

" you know as The Wall Street Journal says is well and in fact The Wall Street Journal quoting the White House chief of staff Rahm Rahm Emanuel saying. We need to make sure we don't slip back too risky behavior worthy institutions have all the upside. And the taxpayers have all the downside. Which is why we need regulatory reform but Paul isn't that something that we created -- didn't didn't we create all of the outside absolutely it's so. It seems out of now it seems likely -- that all this conversation about hey we can't go back where we were once word that we didn't that it wasn't that these institutions did that can."

" And shall I say if you look at the regulation or regulation most that's a place exploded but it just wasn't enforced properly and then that you know those the big American dream of -- is on the houses and in -- as a perfect storm of many things that would link together which creates significant. But site now I think what you do end up seeing is the the last decade. Or twelve years will be seen some can't -- credit and normally and you -- back so much slower than the president is exactly what happened in the fence it's unfortunate."

" Well we'll say no swearing action -- from an appalling in the that we hear. The Treasury Secretary I didn't give -- really do any good that's right I was yeah very far I don't know I believe that at all offensive line and."