Gretchen Morgenson: Banks, at Least, Had a Friend in Geithner

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Gretchen Morgenson: Banks, at Least, Had a Friend in Geithner

Gretchen Morgenson: Banks, at Least, Had a Friend in Geithner

…AND this one and that one…including the White House.

NYT-

TIMOTHY F. GEITHNER left the Treasury Department last week after four years as secretary. So how did he do?

As financial adviser to the president in the tumultuous years immediately after the credit crisis, Mr. Geithner had immense sway over the government’s approach to all things economic. For everyday Americans, his major tasks included responding to the home foreclosure mess, unwinding federal bailouts under the Troubled Asset Relief Program and tackling the problem of financial institutions that are too big to manage and too interconnected for America’s good.

But in scanning these agenda items, a pattern of winners and losers emerges. Let’s just say the financial institutions that dominate the United States were rarely on the losing end in the Geithner years.

[NEW YORK TIMES]

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One Response to “Gretchen Morgenson: Banks, at Least, Had a Friend in Geithner”

  1. Sarah says:

    13 trillion to TBTF, LIBOR, captive incompetence, deceit, foam, et al. Any of these would have been a good enough reason to impeach Obama, but not in this corrupt circus.

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