July 20, 2012

Geithner's Plans

Huffington Post reports that Geithner gave his IG a hard time, and concludes with:
The Treasury Department was not immediately available for comment about the episode, or about the more-damning allegations of the book: that Geithner's Treasury Department repeatedly tried to undermine Barofsky's authority, ignoring his warnings about the risk of fraud in TARP programs and generally carrying water for the banking industry.
Of course he carried water! He intended to make big bucks running one of those institutions. At the very least, he was laying the groundwork for a much better sinecure than Phil Gramm enjoys.

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