Geithner Testifies On 14 "Too Big To Fail" Banks

The Senate Banking Committee questions Treasury Sec Geithner on TARP oversight. The hearing was cooperative and fairly rigorous. Sec. Geithner promised to provide more openness of past and future loans. He also said that banks will have to explain what they want the funds for and then make regular public reports on the progress.

However as this video makes clear, the Treasury is prepared to continue pouring money into the nations 14 "too big to fail" banks. The testimony is not gripping television but two Senators are making the Geithner clarify his position, and actually answers the question.

After 8 years of Senators asking whimpy questions and Administration officials refusing to say anything, the is a refreshing exchange.

Category:

News & Politics

Tags:

• Treasury Department
• Timothy Geither
• Too Big To Fail

[klett69]

is this true?

i can not almost believe this is true...

he basically did not answer one single question

repeating always the same phrase...

what kind of game are they playing on the moquette?...

[Bori96]

What ever happened to the "Free Market theory" ?  Obviously It doesn't work. When Mr. Smith the CEO screw up he can always turn to Daddy ( government) to save his Butt. Yet he gets to keep his Million dollars bonus. Alright, lets give the Republicans a secont chance. ja ja ja. NOT!.

[forugh3]

Obama sure picked him for his smarts.

[forugh3]

in other words...

[isrealAZ1000]

its anit easy for tim fo fix a mess that has been done for decades by reckless actions from incumbent politicians..

[MsCustomerCare]

What is up with that head down with eyes looking up thing Geithner does. Try it, it's very uncomfortable. His body language says he's lying. Could this man pass a polygraph? He might be able to fool the machine but not the examiner.

[HowardATreesong]

What a criminal

[mrmres]

lol@ 1:46 "...prevent systemic damage to our system...". Good job, Li'l Timmy.

In other words "We now have almost all of America's money, & no way are we ever giving it back. All the people who picked on me in High School are gonna PAY!"

[buzzz121]

Geithner must keep the status quo, he has no interest in the American People only his Banker buds. He is a snake in the grass!!

[buzzz121]

Double yikes!