Sanders Statement on Geithner

Sen. Sanders statement on now-Treasury Secretary Tim Geithner:

"Massive deregulation of the financial services industry has led to the worst financial crisis since the Great Depression. We need a treasury secretary who will support strong and robust regulation of the financial services sector.

"Mr. Geithner was at the Fed and the Treasury Department when the deregulatory fervor that got us into this mess ran rampant. He was part of the problem. I hope he becomes part of the solution, but I could not support his nomination at this time."