mr. geithner just when we talk about the rule. mr. geithner is quoted as saying when i ask him -- this was in a hearing a year before. i reprettied that -- repeated that. most of the losses material for the weak institutions and the strong relative capital did not come from proprietary trading activity. they came overwhelmingly can be described as classic extension of credit. what i'm saying secretary geithner said -- was not a significant qawz of the financial meltdown. we are -- we've adopted the rule prohibiting the trading. the rest of the world has not. does it concern you? >> congressman, i think fundamentally our objective has to be to beat the challenge of making sure we're taking the steps we need to safe guard the u.s. financial system. the u.s. economy and to try to bring the world to that high standard. >> but, you know, after three and a half years. >> i think we have in many areas. i think you're are seeing -- in capital and leverage and -- >> have any other countries adopted. >> i think we completed our vom care rule. >>

secretary mr paul craig roberts mr roberts how are you doing today i'm just going to you're going to now i want to start off by asking you it was recently announced that timothy geithner former secretary of the treasury and new york fed president he's moving to a lucrative job at private equity firm warburg pincus is this move unexpected to you know of course not. the bank should always take care of those who serve. now during gardner's time at the treasury he went to great lengths to let people know that he was a life long civil servant i have covered during the financial crisis do you think that he ultimately served the interests of the bank more than you know the interests of that would be sort of being a true civil servant or sure of course that's the direction the federal reserve which should be interested. in recent years that's been functioning all the treasury it's now the function of the financial regulatory. they all. function now since the beginning of the fed itself there's been a revolving door between wall street and the lender of last resort now even paul warburg advocated for the creation of the fed and he was appointed to to its first board by preside

secretary mr paul craig roberts mr roberts how are you doing today i'm just going to you're going to now i want to start off by asking you it was recently announced that timothy geithner former secretary of the treasury and new york fed president he's moving to a lucrative job at private equity firm warburg pincus is this move unexpected to you know of course not. the bank should always take care of those who serve. now during gardner's time at the treasury he went to great lengths to let people know that he was a life long civil servant i have covered during the financial crisis do you think that he ultimately served the interests of the bank more than you know the interests of that would be served being a true civil servant or sure that's the direction the federal reserve which serves the interest of the banks and in recent years that's been fortunate although treasury is now the function of the financial regulatory. they all. function now since the beginning of the fed itself there's been a revolving door between wall street and the lender of last resort now even paul warburg advocated for the creation of the fed and he was appointed to to its first board by presid

secretary mr paul craig roberts mr roberts how are you doing today i'm just going to you're going to now i want to start off by asking you it was recently announced that timothy geithner former secretary of the treasury and new york fed president he's moving to a lucrative job at private equity firm warburg pincus is this move unexpected to you know of course not. the bank should always take care of those i'm sure. now during gardner's time at the treasury he went to great lengths to let people know that he was a life long civil servant i have covered during the financial crisis do you think that he ultimately served the interests of the bank more than you know the interests of that would be sort of being a true civil servant or sure that's the direction the federal reserve which serves the interest of the banks and in recent years that's been the fortune all the treasury is now that the function of the financial regulatory. they all. function now since the beginning of the fed itself there's been a revolving door between wall street and the lender of last resort now even paul warburg advocated for the creation of the fed and he was appointed to to its first board by