About an hour and a half into Treasury Secretary Tim Geithner's marathon appearance before the Senate Banking Committee Tuesday afternoon, Sen. Bob Corker, R-Tenn., got right to the point. He noted that on Monday night, President Obama declared that Geithner would lay out a specific plan of action to address the financial crisis in his speech Tuesday morning. "But we didn't get that," said Corker. "Your plan was vague." Full Story »
Posted by Kaizar Campwala
Succeeds somewhat in parsing Tim Geithner's vague remarks during his meeting with the Senate Banking Committee. Not the easiest story to digest, but helped me read between the lines on the developing plans to save the financial industry.
Taken to its logical consequences, if the Treasury follows through on its intent to do whatever it takes to bail out Wall Street, applying such principles seems bound to ... More »
There was a committee who was confused and asked questions of the Treasury guy who was vaguely assuring that, although difficult, the government will provide appropriate financing for banks, that will run into $ trillions. This seems like no news considering the loop-tape message we've been hearing since the Bush men admitted there was a problem. The links add a little more detail.
This is a short but fair article that captures the tone of Geithner's appearance before the Senate Banking Committee.
This short article includes some remarks made during Treasury Geithner's meeting with Senate Banking, Housing and Urban Affairs Committee. The most notable remark is no one has a better idea. It is easy to ask questions and hard to answer them, especially if the committee does not understand.
Bush & co. put this country in an economic meltdown in eight years. Now Obama & co. has to straighten out what the Republicans have done in a few weeks. While the stimulus was too fast to begin with, now the conservatives want Geithner to pull a rabbit out of a hat and Presto! the economy is magically fixed. Give him time so he can do it right.
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