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With the passage of the House bill and the release of Senate Banking Committee chairman Christopher Dodd’s proposed financial regulatory legislation, this AEI event is an opportunity to hear directly from the U.S. treasury secretary. Mr. Geithner outlined the importance of financial reform in restoring responsibility and accountability to the U.S. financial system.
||Arthur C. Brooks, AEI
|4:35||Remarks:||Timothy Geithner, U.S. Treasury Secretary
Arthur C. Brooks became the president of AEI on January 1, 2009. Previously, he was Louis A. Bantle Professor of Business and Government Policy at Syracuse University's Maxwell School of Citizenship and Public Affairs and an AEI visiting scholar. Mr. Brooks is the author of Who Really Cares (2006), which examines American charitable giving; the widely acclaimed Gross National Happiness (2008); and a textbook on social entrepreneurship. His next book on the coming culture war in America over free enterprise will be published in 2010.
Timothy Geithner is the secretary of the United States Department of the Treasury. Before his nomination to the Treasury Department, Mr. Geithner served as the ninth president and chief executive officer of the Federal Reserve Bank of New York. In that capacity, he served as the vice chairman and a permanent member of the Federal Open Market Committee. Mr. Geithner first joined the Treasury Department in 1988 and worked in three administrations for five secretaries of the Treasury in various positions. He served as undersecretary of the Treasury for International Affairs from 1999 to 2001 under Treasury Secretaries Robert Rubin and Lawrence Summers. From 2001 to 2003, he was director of the policy development and review department at the International Monetary Fund. Prior to this, Mr. Geithner worked for Kissinger Associates Inc.