Geithner Says Would Consider Pressuring Bailed-out Bank CEOs to Resign

In an interview on Wednesday with CBS, Treasury Secretary Geithner said he would consider forcing out chief executives of banks that receive government bailouts if they were not managing their businesses properly. Geithner also said economic recovery depends on a financial system that effectively provides credit, and the government would hold companies receiving public aid accountable.

When asked whether he left open the option to pressure a bank CEO to resign, Geithner responded, “Of course. Of course.” [via Reuters]

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