'Catastrophic Brutal and Indiscriminate' - Geithner on 2008 Meltdown

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Cspan clip of Geithner at 042009 hearing on TARP bailout. He tries to remind the congressman about the near-collapse of the entire economic system in September 2008, which Kanjorski has also tried repeatedly to emphasize. But unfortunately the point is always lost as his language, even though emphatic, avoids the key terms: TOTAL ECONOMIC COLLAPSE. It is yet another failure in naming, an important issue gets ignored because leaders fail to name it correctly and repeatedly from the beginning. They swept the true nature of the crisis under the rug in September 2008, and now no one remembers and now they are being attacked for their spending. The critics think we are in business as usual conditions. But the system was and is liable to completeley collapse at any moment. And if it did, what would the Republican ankle biters be saying then?

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News & Politics

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• CSPAN
• Geithner
• TARP
• meltdown
• global
• republican
• second
• great
• depression