Grayson to Geithner: What Rules Do We Need to Prevent the Taxpayer from Being on the Hook?

Congressman Grayson and Secretary of the Treasury Tim Geithner discuss the AIG and Frannie/Freddie situations. Grayson's questions are organized around the theme of what kinds of proscriptive rules need to be in place to preventing further taxpayer bailouts of the financial sector. Geithner largely focuses on the need for capital requirements, liquidity requirements, and risk management applied and enforced by a competent authority.

Category:

News & Politics

Tags:

• Alan
• Grayson
• AIG

[VIKING33NY]

Alan Grayson, You lost the election because YOU SIR kicked ass while you served.(BIG MONEY KICKED YOU OUT!!!) You are a True American and "WE THE PEOPLE" Think you're a Great American!!!

Thank YOU!!!!!!!

[19garza74]

WHY IS HE NOT RUNNING FOR PRESIDENT?

HES GOT MY VOTE!

[falice88]

I am a life long Republican and would vote for Him!!!!

[wtopp345985]

Geitner's been nipping on the snake oil bottle and Grayson gets him to show it.

I feel so much better as the federal reserve devalues the dollar to ZERO.

[TheGatesOfFire]

wow, look how packed the chamber was. I can see lots of people really wanted to get to the bottom of all this.

[glazedyams]

@riprandy318 You ignorant piece of garbage, you.  In fact, he's not even Jewish. What kind of Jew does Rep. Grayson look like, you utter genius?

[doctorserpiente1991]

REPTILIAN EVIDENCE

[kitzwilly]

@killrqueen He says that companies – like AIG– who expose themselves to more and more risk should be required to keep enough cash to cover losses so taxpayers don't have to bail them out.

[robertrstevens]

There are at least TWO things that will keep 'America' from becoming a decent country deserving of our admiration:

(1) do NOT send George W. Bush and Dick Cheney to prison for life;

(2) do NOT make Alan Grayson the next President of the US.

[Seasass]

@killrqueen :) Listen to "Hey, Paul Krugman" ("When I listen to you, things seem to make sense; when I listen to him, all I hear is 'blah blah blah' ..."). Seriously, though, Timmy does have a valid point about capital requirements.

[killrqueen]

does anyone understand what the heck Geithner is saying? 

[theyarelying2u]

Its time to take on the whole Rothschild Banking Empire....thats where its all starts & ends.....