Geithner makes point for financial regulatory reform

by Vicki Needham - 04/27/10 7:21 PM ET

Geithner, who is traveling with Vice President Joe Biden, said the bill would ensure that banks take responsibility for any mistakes they make and wouldn’t receive government help if they take on too much risk and fail.

“These reforms won’t satisfy everyone. They won’t solve all our problems,” he said. “But they will fix what caused this crisis, and they will make future crises less likely and less damaging.”

The Senate will take its second cloture vote in as many days, trying to break a logjam on the bill and bring it to the floor for debate.

Tags Joe Biden