Treasury Secretary Tim Geithner: Disparity in recovery 'deeply unfair'

[Cali_Democrat]

http://www.google.com/hostednews/ap/article/ALeqM5i2Rvbv1J7z6cHV_l3BDb3qGpRUewD9EQ9DI80

WASHINGTON — Treasury Secretary Timothy Geithner said Thursday it's "deeply unfair" that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.

He acknowledged public outrage over that and said people watched with disdain as Washington protected high-risk banks and investment houses, even as the national unemployment rate was soaring to double-digit levels for the first time in a generation.

But in a nationally broadcast interview, Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis.

"As the president has said, we had to do some very unpopular things," Geithner said. "People looked at what had happened."

"It's not fair. It's deeply unfair," he said. "He (Obama) had to decide whether he was going to act to fix it or stand back ... and that would have been calamitous for the American economy."

Read more at link...
http://www.google.com/hostednews/ap/article/ALeqM5i2Rvbv1J7z6cHV_l3BDb3qGpRUewD9EQ9DI80

[progressoid]

1. Geithner

can kiss my ass. Hypocritical,lying sack of shit.

[90-percent]

2. DOOP

and just to garner further exposure to my profound DU musings:


http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=8066906&mesg_id=8067178


-90% jimmy

[xxqqqzme]

3. "...that would have been calamitous for the American economy."

THAT would have? WTF does he think we have now if not calamity?

[Sebastian Doyle]

4. God bless Timothy Geithner!

That man gives his best for us, every single day. We should have more like him.

[Bluenorthwest]

5. Liar, cheat and theif

Timmy is nothing more than that. He thinks it would be unfair if the guilty paid the price, so he wants the people to pay for them, and he claims this is unpopular but good, when the fact is giving thieves rewards is always going to be unpopular. He sold out to those who bid the highest.
No ethics in DC at all, they are all corrupt to the core. Tim is the arrogant worst of them. Such a calloused and putrid person he is.

[Supersedeas]

6. WHat about the DISPARITY in bailout of bad debt--when do working people get debt relief like

Bearn Sterns and AIG did