OutFront Exclusive: Timothy Geithner Vows U.S. Will ‘Never Again’ Be Vulnerable to ‘Abuse, Mistakes, Excessive Risk Taking’

In an exclusive interview, Treasury Secretary Timothy Geithner tells CNN American banks are “pushing back” against reforms–and customers are paying the price, in the form of higher fees.

“The banks are blaming the reforms and the government for everything, including lots of problems that they themselves were central to causing,” Geithner told CNN’s Erin Burnett. “Most people are terribly angry and frustrated with that and they want to see things change.”

Geithner–appearing on Erin Burnett OutFront–says the banks may be resisting reform, but the Obama Administration is “going to push back harder, and in the end we’re going to prevail because what we’re doing is a reasonable, sensible thing to make sure the American economy is never again vulnerable to this degree of basic abuse, mistakes, excessive risk.”