Geithner (NY Fed Chief): NY Fed chief urges global bank framework (Financial Times)

[Cowlesy]

http://www.ft.com/cms/s/0/546b1604-3...nclick_check=1

Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate requirements for capital and liquidity”, according to Timothy Geithner, president of the Federal Reserve Bank of New York.

“It is not clear if the rest of the world is going to continue to fund the US current account deficit at current levels of exchange rates,” he said. “The pattern of the exchange rates is subject to considerable uncertainty now.”

[Truth Warrior]

One World Bank. CHECK!

[FrankRep]

Scary language.

Sounds like a plan to unify the currencies. One World Currency.

[OptionsTrader]

Manufacture a disease, kill the patient with the cure. What else is new.

[Brent H]

Spawn of Lucifer:



Timothy F. Geithner (born August 18, 1961) is the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC).

Geithner was born in New York City. He graduated from Dartmouth College with an B.A. in government and Asian studies in 1983 and from the Johns Hopkins School of Advanced International Studies with an M.A. in International Economics and East Asian Studies in 1985. He worked for Kissinger and Associates in Washington, D.C. for three years and then joined the International Affairs division of the Treasury Department in 1988.

In 1999, he was promoted to Under Secretary of the Treasury for International Affairs and served under Treasury Secretaries Robert Rubin and Lawrence Summers.

In 2001, he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in 2003. In 2006 he became a member of the influential Washington-based financial advisory body, the Group of Thirty.

He is married and has two children.[1]

http://en.wikipedia.org/wiki/Timothy_F._Geithner

[PatriotOne]

Spawn of Lucifer:



Timothy F. Geithner (born August 18, 1961) is the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC).

Geithner was born in New York City. He graduated from Dartmouth College with an B.A. in government and Asian studies in 1983 and from the Johns Hopkins School of Advanced International Studies with an M.A. in International Economics and East Asian Studies in 1985. He worked for Kissinger and Associates in Washington, D.C. for three years and then joined the International Affairs division of the Treasury Department in 1988.

In 1999, he was promoted to Under Secretary of the Treasury for International Affairs and served under Treasury Secretaries Robert Rubin and Lawrence Summers.

In 2001, he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in 2003. In 2006 he became a member of the influential Washington-based financial advisory body, the Group of Thirty.

He is married and has two children.[1]

http://en.wikipedia.org/wiki/Timothy_F._Geithner

It should also be of no big surpirse to many by now that he also attended the Bilderberg Meeting this past week.

New World Order....I am serious when I say everyone needs to research it. They are the people behind everything that is going on. Nothing is a "mistake". It is all intentional....including the fall of America.

[Primbs]

Of course, the "appropriate requirements for capital and liquidity" will eventually be relaxed, they will allow for more derivatives and leverage because they are sure they can handle the situation, and then somebody will make a big economic mistake.

[Dr.3D]

Since when are banks important to world economy? I always thought it was the markets.
Seems banks have taken on more than what they should be doing.