By Wolf Richter www.testosteronepit.com
The charade: Treasury Secretary Timothy Geithner spoke before the House Financial Services Committee—chaired by Spencer Bachus, who'd declared in an interview last December that in "Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks."
Geithner was speaking on behalf of the Financial Stability Oversight Council, which he chairs. Established in July 2010, it
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