Thursday, November 19, 2009

Geithner Stumbles. Again.

A must read from the guys at Powerlineblog today:

"Treasury Secretary Tim Geithner appeared before the Joint Economic Committee today. One striking feature of Geithner's testimony was how partisan it was. In keeping with the Obama administration's mantra, he repeatedly tried to cast blame on the Bush administration while failing to acknowledge that when the financial crisis developed, he was the head of the Federal Reserve Bank of New York, and as such one of the most influential figures in our financial system. If he saw the crisis coming, or thought that the administration's policies were badly misguided, he had every opportunity to speak up, and his words would have been highly influential. But he did no such thing."

It pains me to say it but I think that AG Eric Holder is slightly more competent than Sec'y Geithner.  At least Holder remembered to pay his taxes.

Read the entire Powerlineblog post here.  It includes a fascinating partial transcript of today's heated exchange between Geithner and Congressman Michael Burgess.

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