Neal Wolin, Treasury Nominee, Helped Draft Legislation Deregulating Banks

05/01/2009 05:12 am ET | Updated May 25, 2011

Hmmm. This isn't exactly confidence inspiring.

Tim Geithner's new nominee for number two at the Treasury Department, Neal Wolin, played a key role in drafting legislation in the late 1990s deregulating the banking system, a former Treasury Department official confirms to us.

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