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Timothy Geithner and AIG: An appropriate rescue?

Treasury Secretary Timothy F. Geithner pushed back Wednesday against lawmakers upset about his role in rescuing American International Group and defended decisions that allowed the company's trading partners on Wall Street and abroad to walk away with billions in taxpayer dollars as a result of that bailout. Read the full article.

What do you think? Did he handle the rescue appropriately?

By Jodi Westrick  |  January 28, 2010; 8:39 AM ET  | Category:  National Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati  
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He not only handled it completely wrong, he has done his best to cover up what was done. "Turbo Timmy" and "Pee Junior" Paulson both lied to Congress yesterday about their role in using taxpayer dollars to cover the stupid bets made by Goldman Sachs, et al.

Posted by: carl29098 | January 28, 2010 12:13 PM

Geithner's a scapegoat.

AUDIT THE FED... then end it.

Posted by: millionea7 | January 28, 2010 12:33 PM

Congress and AIG are at fault. From what I have read, the Treasury Dept. not done what they did my IRAs would be worthless. Deregulation is the culprit. Paulson realized and made a reversal on deregulation. So, congress admit your errors and leave the guys who tried to alone.

Posted by: briankennedy1 | January 28, 2010 1:35 PM

Geithner was a Fed official at the time. His responsibility was to the banks and the banking system. The handling of AIG was nothing more than a back-door way to feed tax dollars to the banks.

He should own up to that.

Posted by: AlibiFarmer | January 28, 2010 3:05 PM

It was an unpleasant thankless job that no one ever thought would need doing but it had to be done to prevent worse. He has my thanks.

Posted by: kchses1 | January 28, 2010 3:45 PM

Geithner and Paulson knew exactly what they were doing in funneling taxpayer money to Goldman Sacks and the other Wall Street "banks" and saving the economy was only an excuse. These people live in a different world in which only their governmental and financial power, wealth, and well being matter; they actually believe they are Masters of the Universe and events of the last couple of years confirms their conviction. To these people the rest of the world is flyover country inhabited by unsophisticated, unwashed administrative peons and Mississippi share croppers. Geithner looks like a cornered rat and behaves like a cornered rat. Paulson looks like he would broker the sale of your children into the night as he brokered the gift of taxpayers money to Wall Street billionaires who called it, "Doing God's work."

I once wondered what could have motivated the early twentieth century communists to stand certain classes of people up against a wall.

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