That is the question that is being batted around Washington these days…the “HE” is Geithner the Obama Secretary of the Treasury….in recent hearings on Capital Hill…..the following is being reported in The Hill:
Treasury Secretary Timothy Geithner is coming under new pressure from conservative Republicans and liberal Democrats to resign.
Reps. Peter DeFazio (D-Ore.) and Kevin Brady (R-Texas) this week joined a small group of lawmakers publicly calling for Geithner to step down. Former Republican Rep. Rob Simmons, who is challenging Sen. Chris Dodd (D) for Senate in Connecticut, has made Geithner’s resignation a campaign issue.
This week’s criticism was sparked by a report from Neil Barofsky, the special inspector general over the $700 billion bailout program. Barofsky concluded that officials at the Federal Reserve, including Geithner, who was head of the New York Fed, made a series of missteps in the bailout of American International Group (AIG).
Barofsky faulted Fed officials, including Geithner, for a negotiating strategy regarding the firm’s complex derivatives that “offered little opportunity for success.” The report said that the Fed paid full value to settle the derivatives contracts, which meant tens of billions of dollars went to the big American and foreign banks that were AIG’s counterparties in the deals.
Maybe these little jerks should read my blog, among others, we brought up all this concern back in March…..we said then that he, Geithner, should not have been confirmed let alone ever had been nominated…..after he was confirmed we pointed out that he would not be the “savior” he has been portrayed as……we bloggers were truly the visionaries, at least when it comes to Geithner and the economy….but we do not get any of the credit….nope….it will be the “politicians” that saw this coming and that will be a lie…..not misinformation….an out right LIE!
Repubs did not like him….only because he was nominated by Obama…if it had been the nomination by a Repub prez then he would have been eagerly accepted…..bloggers were about the only ones that wrote against his nomination and later confirmation of little Timmy Geithner as Secretary of the Treasury……
Since few recognize the contribution and the foresight of bloggers…I feel it necessary to give them an “atta boy”……..it would be nice if people, especially politicians, would read and appreciate the insight us bloggers have at times…..are we always correct….hell no!….but we do have our moments…..and the Geithner situation is one of our finest….