Former US Treasury Secretary Timothy Geithner is coming out swinging. Speaking with Andrew Ross Sorkin on CNBC this morning about his new book, Stress Test, the man on the inside of the 2008 derivatives collapse found his vocal cords and delivered a common refrain: it could have been worse. Timothy Geithner says calls by “terrorists” to hold banks accountable occurred “before the plan landed Comparing the 2008 to a jetliner just before it crashes, an apt analogy, Timothy Geithner waxed nostalgic on what is likely to be his most significant public policy involvement. “You’re in a plane, in the cockpit,” Timothy Geithner said. …
On This Page
- Timothy Geithner says calls by "terrorists" to hold banks accountable occurred "before the plan landed
- Timothy Geithner - Call to hold those accountable did not come before crash
- Timothy Geithner failed to address real reform when he had the opportunity
- Without accountability big bank derivatives only grew larger, more destructive
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