Tim Geithner is the US Treasury Secretary, Ex Chairman of the New York Federal Reserve. He is over here pushing for banking reform. That's like Ronnie Biggs standing outside the bank he just robbed and saying it needs better security next time!  Federal Reserve Bank poses as a nationalised US Government Agency when in fact it is a cartel of 7 offshore banks that has never been audited, operates in secret and does not answer to anyone including the President of the US. That makes Ben Bernanke, the Chairman of the Federal Reserve, the most powerful man in the US. He can and has been printing trillions of dollars over several years out of thin air to fund most of the debt the world is in. The Federal Reserve loans out fake dollars and you have to pay back in real money - 'Passing the Buck'. This would normally cause monetary inflation but the US Dollar is in the unique position of being the World Reserve Currency, basically, the one that all nations trust above any other currency and oil is traded in dollars too. Monetary Inflation is therefore exported to the countries that accept the dollar. They dont realise it but the dollar is actually worth very little and as long as no one starts rejecting the  dollar and using another currency such as the Euro then the illusion is complete, the Emperors Clothes stay visible. If China, who holds most of Americas debt started to sell dollars it would collapse the currency and the dollar would be gone. China cant offload its dollars because it needs to loan them back to America so America can buy Chinese goods. That's the same as me giving you £50 and then asking you to spend it in my shop. The economics of the madhouse. America is broke, it has been for years. It can only print dollars to pay its bills and monetise the debt as Government Bonds etc. If Gold and Silver were legal tender then those who print dollars would have serious competition which would stop the government backed counterfeiting operation.  Saddam Hussein sold 3.5 billion barrels of oil in Euros instead of dollars and Bush Senior attacked him at the first excuse, which was really a set up over Kuwait's borders. So Tim Geithner is over here telling us to reform our banking system eh? It's the Federal Reserve that needs reforming, auditing and abolishing along with all Central Banks and Central Planners. If they couldn't make a go of it in the wealthiest period in history then they have to face the truth that Central Planning doesn't work. You cannot predict the irrational buying decisions of people - you just have to let it be and we will all prosper and be in control of our lives with real aspiration and opportunities for everyone equally, not just the financial elite.