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katty Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-08-10 06:32 PM
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Rep for Foreign Bankers - physical restraint of HuffPost Reporter
more: http://www.huffingtonpost.com/2010/06/08/rep-for-foreign-bankers-p_n_604811.html

Excerpt: But this reporter was physically restrained by Goodwin, who forcefully grabbed his arm, pulled him back and prevented him from exiting the hotel or asking a question of Lago, a public official.

Article:

A representative for a foreign bankers group forcefully prevented the press -- and physically restrained a Huffington Post reporter -- from attempting to question a U.S. Treasury Department official who had just addressed a roomful of bankers on the administration's financial reform efforts.

The effect was to shield the public official, a key lieutenant to Treasury Secretary Timothy Geithner, from answering reporters' queries.

The official, Marisa Lago, an assistant secretary for international markets and development, told the assorted bankers from foreign institutions that she didn't expect other countries to follow the Obama administration's lead in its attempt to prevent banks from trading with their own funds or from owning hedge funds and private equity firms, speculative activities that comprise the so-called "Volcker Rules."

There's "not an expectation" that the initiatives will be "rolled out globally," Lago said.
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