Biden, Geithner call for financial reform in Milwaukee

By Kay Nolan,  April 28, 2010

Kay Nolan is a contributing writer for WisPolitics.com. This article ran in the April 28, 2010 issue.

Vice President Biden and U.S. Treasury Secretary Timothy Geithner said Tuesday that new sweeping financial “rules with teeth, enforced by people who care” must pass to protect the middle class and prevent the current recession from morphing into a depression.

“This is an important cause; it’s a just cause, and this requires reform,” Geithner told more than 500 people at a UW-M meeting sponsored by the school’s Sheldon B. Lubar School of Business.

Geithner said the components of the proposed “Wall Street Reform and Consumer Protection Act” won’t satisfy everyone, “but they will fix what caused this crisis, and they will make future crises less likely and less damaging.”