Timothy Geithner to testify in front of the House Oversight Committee about his role in the AIG bailout
It appears that Treasury Secretary Timothy Geithner has more than just tax evasion problems. He could be a much bigger criminal than just a tax cheat. While he was in charge of the Federal Reserve Bank of New York, the bank was told to withhold details from the public about AIG’s payments of bailout funds to the banks.
Timothy Geithner claims that he had no knowledge of what was going on right under his nose, and that he was not responsible for the coverup that AIG and Goldman Sachs, along with the Federal Reserve Bank of New York, seemed to have been engaged in.
I am not going to sit here and pretend that I understand what all of this means, but it appears as if billions of AIG’s bailout money was diverted to Goldman Sachs, and I do know one thing– this is something that has to be investigated. We are talking about billions and billions of taxpayers dollars and the American people need to know who is responsible for this scandal.
And we are going to get the investigation that we deserve. Timothy Geithner is going to be called to testify in front of the House Oversight Committee about his role– or non-role– in the bailout of AIG.
America's Watchtower 
So, he’s going to avoid admitting he’s guilty by claiming that he’s incompetent? I guess that’s the acceptable standard for government work. Of course, we could just say that it’s a “systemic problem,” and blame it on Bush.
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House Oversight Committee, isn’t that controlled by Democrats who will be investigating a member of a Democrat administration–what will come of that! I have serious doubts. That said, it is good they will at least take a peek behind the curtain.
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I know that they will gloss this over, but at least maybe just a little bit of light will be shed on it by Republicans during the testimony.
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Needs to be hooked up to a polygraph during the entire testimony… And shot if the damn needle so much as twitches…
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Ha, TexasFred, he would be dead the minute they hooked up the sensors.
Seriously, how in the world Geithner still has his job is beyond me. Of course, this is coming from the same administration that hired Kevin Jennings. I thought he would surely be gone by now, but he is still there. I shouldn’t be surprised.
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That was good, Larry! LOL
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Kevin Jennings, how could I forget about him? There are some people in this administration that need to go– Giehtner is one, then there is Jennings and Napolitano.
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I don’t know if you caught the show where Glenn Beck drew the connection between all the players (Geithner being a big one) and AIG, Sachs, etc. This is exactly what he was talking about. It was a set up. These people are inter-connected.
As for Geithner not knowing I think that he should be told in no uncertain terms that, THAT is no longer an acceptable answer. You either tell the truth or suffer the consequences, i.e. fire him!
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Barack Obama said that as president he is responsible for any failure that led to the Christmas day terror plot, Geithner should then also be held responsible for what happened in his company while he was president.
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It is complicated. Basically AIG insured a bad investment for Goldman Sachs. They covered it as they should have under normal circumstances. However, other companies lost out big because AIG collapsed. After all, AIG had nothing but tax dollars to cover their obligations. For Geithner to suggest that GS got preferential treatment without his knowledge and was then covered up by the fed that he was running is disingenuous to say the least. That’s huge. How could he not have known?
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Hey Mr P.E., you called this Scott Brown campaign momentum before I heard anybody else talking about it… good call again!
Shame the GOP didn’t back him more, as you said- but it’s still getting real, real close… can you imagine?
This country could really use a Brown win, I’ll tell ya-
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Geithner is a fraud. He is either a liar or stupid or has a corner office waiting for him at Goldman Sachs or all of the above.
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