GOP'er Bachus Wants "Deliberative" Debate On Frank Finance Proposal

House Financial Services Committee Ranking Republican Rep. Spencer Bachus (R-Ala.) calls finance legislation sponsored by committee chair Rep. Barney Frank (D-Mass.) the most "far reaching, significant reform of our financial system since the Great Depression." He then says however, that debate over the proposal should be "deliberative and not hurried." (0:33)
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Frank's Proposal Would Ensure "Orderly Demise" Of Failed Firms Says Geithner

Treasury Secretary Tim Geithner says that the finance reform legislation sponsored by House Financial Services Committee Chairman Rep. Barney Frank (D-Mass.) ensures the "orderly demise, not the survival" of financial firms that fail in the future. (0:26)


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Geithner Credits Stimulus With Helping Americans Save More

Treasury Secretary Tim Geithner says Americans are "saving more," that "exports are expanding" and that America is "borrowing much less" now as a direct result of the $787 billion stimulus plan in the Recovery Act. (0:28)
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Geithner Says Frank's Bailout Proposal Has No Govt Guarantee For Troubled Firms

Treasury Secretary Tim Geithner says that House Financial Services Committee Chairman Rep. Barney Frank's (D-Mass.) bailout legislation does not provide a government guarantee for troubled finance firms. (0:17)
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Geithner Calls Current Financial Rules "Inadequate and Outdated"

Treasury Secretary Tim Geithner calls the current system of financial rules "inadequate and outdated" during testimony before the House Financial Services Committee. Geithner expressed his support of Committee Chairman Rep. Barney Frank's (D-Mass.) proposal to force wealthy corporations to pay for future bailouts of large financial firms. (0:13)
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