Congress skeptical about Obama's regulatory reform


Treasury Secretary Timothy Geithner got stumped yesterday by one of the questions posed at the Senate Banking Committee hearing on the Obama administration's proposed sweeping overhaul of the U.S. financial markets.

"An intriguing question was posed by Senator Michael Bennet, Democrat of Colorado. If the regulatory setup the administration is advocating had been in place not many months ago, would things be different now?" The New York Times noted.