In a CNBC interview Friday, U.S. Treasury Secretary Timothy Geithner said that the "Occupy Wall Street" protesters who feel no action or charges have been filed against Wall Street for their role in the financial crisis should stay tuned.
"You've seen very, very dramatic enforcement actions already by the enforcement authorities across the U.S. government," said Geithner. Geithner noted that the administration has already put in place new protections for consumers and investors since the financial crisis, and expected to enact more."I'm sure you're gonna see more to come, you should stay tuned for that. But we are taking-- we moved very quickly to put in place a much stronger set of rules of the game across the financial sector."
When asked his opinion on the demonstrations and if he sympathizes with the protesters, Geithner said; "I think what you see is a general sense across the country of concern that the U.S. economy's not growing faster, you're not seeing unemployment come down more rapidly, you're not seeing incomes rise more rapidly.
And people want to make sure that the government, Washington is acting to make things better now."
POLITICO notes that Geithner’s comments about a new round of “enforcement actions” come as Raj Rajaratnam, the former head of the Galleon Group hedge fund, was recently sentenced to 11 years in prison for insider trading — the strictest sentence ever for that crime.
The Washington Post reported Friday that the President and his reelection team plan to use Wall Street anger as a political weapon against Mitt Romney and the GOP.