8/4/2010

The financial-reform law will be implemented in a way that won't prevent the U.S. from reaping benefits of financial innovation, Treasury Secretary Timothy Geithner said. However, he rejected the idea of an innovative approach to mortgage giants Fannie Mae and Freddie Mac. Geithner seemed to be taking the position that Fannie and Freddie will get only a "rehabbing," according to The Wall Street Journal.

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