Oh, and the former Governor of the New York Fed and current Secretary of the Treasury didn’t have anything to do with it?
by Tom on February 26, 2009
in Market Musings, banks
Look, I don’t say that I disagree with him, but I think that having Geithner scolding bankers is sort of like, shall we say, the “pot calling the kettle black?”
What do you think?
U.S. Treasury Secretary Timothy Geithner on Wednesday scolded bankers for creating a damaging loss of confidence, but said nationalizing banks was the wrong strategy for the United States.In an interview with Public Broadcasting Service’s “Newshour” program, Geithner said he was “deeply offended by the quality of judgments we’ve seen in the leadership of our nation’s financial institutions.”
