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Geithner: US Acted 'Early' & 'Forcefully' on Libor

Wednesday, 18 Jul 2012 | 12:00 AM ET

In this excerpt from a live interview at the "Delivering Alpha" conference presented by CNBC and Institutional Investor, Treasury Secretary Timothy Geithner defends his actions in 2008 after the New York Federal Reserve learned that Barclays and other banks were not reporting accurate data on a key London-based interest rate. He also promises more enforcement is coming.