Friday, March 20, 2009

Geithner Deflects Calls To Resign

From the day Geithner was nominated, we expressed grave concerns. The reality is Geithner is not qualified to be Treasury Secretary during the greatest financial crisis in our history. If for no other reason, in his last job as head regulator of Wall Street he presided over the greatest financial failure in this country's history. Now we see Geithner was a(the) key reason AIG's bonuses were allowed under the bailout. Geithner has shown no ability to stand as his own person to be an independent and critical thinker. To challenge the system. A system that needs to be challenged and ultimately transformed as opposed to slathering more lipstick on the pig.

Were the press doing their job by informing and educating the sovereign, Geithner never, ever would have been confirmed. The American people never would have allowed the confirmation of the head regulator of Wall Street. But, instead the press gave the new President a pass. How's that working for you?

Confidence in Geithner is waining fast and that means the new polity in Washington has its first crisis in the making. And, I do mean polity. As the saying goes, if you want a friend in Washington, get a dog.
posted by TimingLogic at 9:33 AM