Treasury Secretary
Secretary of the Treasury Timothy Geithner announced new rules that will prevent banks from lobbying for money set aside by the Emergency Economic Stabilization Act.
These new rules restrict contact between bank lobbyists and Treasury officials, and restrict members of Congress from securing money on behalf of banks in their home districts.
Mr. Geithner had this to say:
“American taxpayers deserve to know that their money is spent in the most effective way to stabilize the financial system. Today’s actions reaffirm our commitment toward that goal.”
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