Testifying before the House Committee on Financial Services, Geithner defends the White House's...

|By:, SA News Editor

Testifying before the House Committee on Financial Services, Geithner defends the White House's plan to clamp down on regulation of OTC derivatives, including infamous credit-default swaps. Opponents are worried the proposal may drive traders away from standardized products. Here's the webcast. Update: Geithner's prepared remarks.