Economics

If Geithner Is a Lemon, Make Lemonade

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Obama has one big lemon hanging around his neck that he can't shake off. And that is Treasury Secretary Timothy Geithner, the ethically challenged man Obama put in charge of economic recovery. Geithner, as president of the Federal Reserve Bank of New York, helped design the AIG and other bailouts. It is as much Geithner's responsibility as anyone that almost no information is available on where $360 billion in money went, and who got bonuses. This indispensable man couldn't manage to send anyone from Treasury to testify at a House hearing on why bailout funds went to banks that already owed $220 million in unpaid federal taxes.

That's the Buffalo News' Douglas Turner. More here.

Geithner is supposed to give specifics today on the gummint's plan to soak up toxic assets. Rots 'o ruck on that one.