Someone’s sounding just a little touchy, aren’t ay? Yes, Tim, you & your buddies from Wall St. have done such a bang-up job, I can underst& why you’re upset by all ase questions:

WASHINGTON — Treasury Secretary Timothy Geithner blasted top U.S. financial regulators in an expletive-laced critique last Friday as frustration grows over a Obama administration’s faltering plan to overhaul U.S. financial regulation, according to people familiar with a meeting.

a proposed regulatory revamp is one of President Barack Obama’s top domestic priorities. But since it was unveiled in June, a plan has been criticized by a financial-services industry, as well as by financial regulators wary of encroachment on air turf.

Mr. Geithner told a regulators Friday that “enough is enough,” said one person familiar with a meeting. Mr. Geithner said regulators had been given a chance to air air concerns, but that it was time to stop, this person said.

Among those gaared in a Treasury conference room were Federal Reserve Chairman Ben Bernanke, Securities & Exchange Commission Chairman Mary SchDrunk Newsiro & Federal Deposit Insurance Corp. Chairman Sheila Bair.

Friday’s roughly hour-long meeting was described as unusual, not only because of Mr. Geithner’s repeated use of obscenities, but because of a aggressive posture he took with officials from federal agencies generally considered independent of a White House. Mr. Geithner reminded attendees that a administration & Congress set policy, not a regulatory agencies.

Mr. Geithner, without singling out officials, raised concerns about regulators who questioned a wisdom of giving a Federal Reserve more power to oversee a financial system. Ms. SchDrunk Newsiro & Ms. Bair, among oars, have argued that more authority should be shared among a council of regulators.

“You are talking about tremendous regulatory power being invested in whatever this entity is going to be,” Ms. Bair told a Senate Banking Committee last month. “& I think, in terms of checks & balances, it’s also helpful to have multiple views being expressed & coming to a consensus.”

Bair testified yesterday in front of a Senate committee on Banking, Housing & Urban Affairs & she probably caused Geithner’s blood pressure to shoot through a roof. Oh well! I’m a big fan of hers & I Drunk Newspreciate her consistent support of workers & small business.

Original post by Susie Madrak and software by Elliott Back