Obama to present sweeping market overhaul

President Obama will release details this week of his proposed financial market regulatory overhaul, Treasury Secretary Timothy Geithner said Monday.

The regulatory system "was fundamentally too fragile and unstable and it did a bad job of protecting consumers and investors," said Geithner, who spoke at a Time Warner (TWX, Fortune 500) summit on the economy. Time Warner is the parent of CNNMoney.com.

Geithner addressed the main objectives of the new regulatory system, although he was not willing to discuss specific details of the proposal prior to the official unveiling by Obama on Wednesday.

Read Full Article from CNNMoney.com

- Posted: 2009-06-15 10:19:46

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