Geithner talks about "forces" trying to sabotage bank reforms

U.S. Treasury Secretary Timothy Geithner says that opponents of financial-sector reform were trying to sabotage efforts to strengthen the system against crisis.

Geithner didn’t name the opponents directly, but said “forces working against reform” were blocking appointments to oversight positions, cutting funding and putting up new amendments to the Dodd-Frank law “in the hopes of watering it down”.

The following is his speech at the opening of a conference at the Office of Financial Research in Washington on Thursday: