Geithner: If Banks Mess Up In The Future, 'Dismember Them'
In an interview with ABC News, Treasury Secretary Tim Geithner explained the goals of financial reform. "Our view is that we need to make sure that you're limiting how big they can get and how risky that they can get," said Geithner. "But if, in the future, if they mess up and they take themselves to the edge of the cliff again, then we want to make sure we can put them out of existence, dismember them, break them up safely without the American taxpayer having to bail them out again"
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Obama's Day Ahead
President Obama will depart from the White House at 10 a.m. ET, and from Andrews Air Force Base at 10:15 a.m. ET, arriving at 11:10 a.m. ET in New York City. He will deliver remarks on Wall Street reform at 11:55 a.m. ET, at Cooper Union. He will depart from New York City at 1:05 p.m. ET, arriving back at Andrews Air Force Base at 2 p.m. ET, and at the White House at 2:15 p.m. ET. He will meet at 3:30 p.m. ET with Treasury Secretary Tim Geithner He will deliver remarks at an Earth Day reception in the Rose Garden, at 5:30 p.m. ET.