BUSINESS

Geithner On Failing Firms: 'We Will Dismember Them'

07/09/2010 11:34 am ET | Updated May 25, 2011

The finance-reform bill Congress is likely to pass this summer won't eliminate the risk of failure for financial firms, Treasury Secretary Tim Geithner says in an interview on Friday's Morning Edition.

But the bill means that, when firms get into trouble in the future, "we won't give them a second chance," he tells NPR's Renee Montagne. "We will dismember them, put them out of existence."

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