Geithner, as member and overseer, forged ties with finance club from the NY Times, reports that when Geithner was head of the New York Fed last June, Treasury Secretary Paulson asked what powers the government should have - and Geithner suggested practically unlimited ones to guarantee bank debt - putting us on the hook.
Timothy F. Geithner, who as president of the New York Federal Reserve Bank oversaw many of the nation’s most powerful financial institutions, stunned the group with the audacity of his answer. He proposed asking Congress to give the president broad power to guarantee all the debt in the banking system, according to two participants, including Michele Davis, then an assistant Treasury secretary.
Anybody that put Geithner in the position that he is in at this time. Does'nt have the country's best interest in mind, he is a tax evader.
Posted by: Kennny | April 30, 2009 at 05:08 AM
Obama Administartors can not be trusted so many of them are tax Evaders, I feel like there is a bunch of crooks running this country. I am really scared in the Direction we seem to be heading (Socialism) and I am sick of Obama Bashing this Counrty, every chance he gets. I think we are looking like a weak conutry. in the eyes of the other countries.
Posted by: Sunflower | April 30, 2009 at 06:38 AM
Most banks are badly effected by inflation in the economy , proper credit ratio analysis the key concern to manage debt .
Posted by: debt rescue | November 06, 2009 at 10:43 PM