Friday, October 09, 2009

Who Gets Treasury Secretary Tim Geithner's Attention?

Why, the Wall Street clowns, of course. And not just any clowns....only a select few earn his undivided attention. According to Tim Geithner's phone records (the Associated Press did a review of Geithner's calendar under the Freedom of Information Act), JP Morgan Chase, and Citigroup make up the small group of all-too-powerful Wall Street bankers lucky enough to have Geithner's ear on demand.

Geithner had more contacts with Citigroup than he did with Rep. Barney Frank, D-Mass., the lawmaker leading the effort to approve Geithner’s overhaul of the financial system. Geithner's contacts with Blankfein [CEO of Goldman Sachs Group] alone outnumber his contacts with Sen. Christopher Dodd, D-Conn., chairman of the Senate Banking Committee.
Looks like the banksters who got us into this mess, are the ones who are supposedly leading our way out of this mess. Is it any wonder, considering Geithner, who was the chairman of the Federal Reserve Bank of New York - which oversees the institutions that make up the heart of U.S. financial activity - at the time of the crisis, therefore responsible for the regulating that didn't happen on Wall Street, was appointed Treasury Secretary?


bfrank,  23:44  

Geithner failed to pay his own taxes. This guy is a joke but he represents Goldman Sachs, the 4th branch of government.

Roth's stepchild 23:46  

Yeah, considering Geithner's position, someone else should have been appointed in his place. And I totally agree, Goldman Sachs is the 4th branch of government.

It's such a double standard. Employers check potential employee's credit reports before they hire, yet this guy, who is supposed to lead us out of the biggest financial crisis since the Great Depression, gets the job despite his failure to pay taxes.

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