Saturday, September 19, 2009

Professer Elizabeth Warren Takes Timmy Geithner To School

Over the last half year I have become a fan of Elizabeth Warren's genuine concern about the state of governance in the United States. Would we ever be so lucky to see her or someone like her as Treasury Secretary or any other major political role?

The bureaucrats who presided over this crisis have a hard time standing up to any serious questioning. Geithner's answers are so calculated it's hard to watch but this is the type of serious, accountable public inquiry we need to get to the bottom of this crisis and affect reform. Warren mops the floor with Geithner in the search for truth. We need a public commission to hold public hearings. Transparency for the benefit of the people of this country. To hear from the politicians who deregulated our financial markets and understand why. To hear from Wall Street leaders who spent billions lobbying our government and understand why.

I'm sort of curious how finance industry executives would answer the question of why they spent hundreds of millions of dollars trying to overturn Glass-Steagall. It's a simple question but why have we not heard it? Of course we know why...........

Authority has no legitimacy.
posted by TimingLogic at 6:51 AM