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News Link • Federal Reserve
Geithner Aware of Problems With Key Interest Rates in 2008
New York Times
When Timothy Geithner ran the Federal Reserve Bank of New York, he
became aware of problems with the process for setting key interest rates
in the midst of the 2008 financial crisis, according to documents
provided to the New York Times.
Mr. Geithner, who is now the
Treasury Secretary, learned about the concerns after Barclays executives
acknowledged to New York Fed officials that the British bank was
understating the rates.
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Tags: timothy, geithner, federal, reserve, became, problems, process, setting, interest, financial, crisis, geithner, treasury, secretary
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