×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: geithner | bank | wall street

Geithner: Wall Street Firms Have Been ‘Wounded’

Wednesday, 05 October 2011 06:45 PM

U.S. Treasury Secretary Timothy F. Geithner said Wednesday that Wall Street firms have been “very wounded” and that he doesn’t understand why they are so sensitive.

“They resent the huge amount of public anger they’ve been subjected to because they caused the crisis,” Geithner said at the Washington Ideas Forum at the Newseum. “They react to what is pretty modest common-sense observations about the system as if they’re deep affronts to the dignity of their profession.”

“I don’t understand why they are so sensitive, but they’re very wounded and they’ve seen a huge amount of damage to people’s confidence and their capacity to not just manage risk and to meet the needs of their customers but in a broader public consciousness,” Geithner said.

He did not cite any Wall street firms or banks by name.

© Copyright 2022 Bloomberg News. All rights reserved.


Economy
U.S. Treasury Secretary Timothy F. Geithner said Wednesday that Wall Street firms have been very wounded and that he doesn t understand why they are so sensitive. They resent the huge amount of public anger they ve been subjected to because they caused the crisis, ...
geithner,bank,wall street
135
2011-45-05
Wednesday, 05 October 2011 06:45 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved