Tim Geithner to the Market: Get Ready to Reap the Whirlwind, Gentlemen

Geithner signals a massive new onslaught of regulation: “Geithner said the administration’s proposed regulatory revamp would offer better protection with the Federal Reserve overseeing the country’s largest financial firms, a new regulator for mortgages and credit cards, and tougher oversight of credit derivatives and hedge funds, among other things.”