Maria Cantwell: Why does Geithner still have a job?

[Yo_Mama_Been_Loggin]

Good stuff from the Huffington Post. You've got to check out the video.

Democratic senator said on Monday that she's "not sure" why Treasury Secretary Timothy Geithner still has his job, calling his financial reform plans "appalling."

Appearing on MSNBC's Morning Meeting with Dylan Ratigan, Sen. Maria Cantwell (D-Wash.) said that Geithner's plans left banks the same loopholes and encouraged the same risks that led to last year's economic meltdown.

Ratigan asked Cantwell, "Knowing two massive exemptions in the piece of legislation the Secretary endorsed yesterday on 'Meet the Press' ... why does Tim Geithner still have a job?"

"I'm not sure," Cantwell responded, "because David Gregory had him almost -- trying to get a straight answer out of him. What the Treasury Secretary basically said was, yes, banks should take more risks and we should continue the loopholes and that is really appalling because, right now, we know that lack of transparency has caused this problem with the U.S. economy and Wall Street is continuing, one year later, continuing the same kind of loopholes. And so if the Treasury Secretary doesn't come down hard against these loopholes and advocate for closing them, then we're going to have a tough time closing them in Congress. So the Treasury Secretary is dodging the issue."



Read more at: http://www.huffingtonpost.com/2009/11/02/maria-cantwell-im-not-sur_n_342509.html

[Skittles]

1. he's doing what Obama wants him to do

that's why he still has a job

[Yo_Mama_Been_Loggin]

2. Did you watch the video?

[Skittles]

3. cannot access here

[rhett o rick]

4. I watched the video. What's your point? Geithner does have a job because the Pres

apparently likes what he is doing. Or maybe wall street has more power than the President. What do you think?

[galloglas]

12. And the answer is..........

BOTH !!

[Cant trust em]

5. Actually I suspect that Geithner is giving the president bad counsel

Geithner is the one that comes from Wall Street culture.

Either way, the responsibility is on Obama.

[Yo_Mama_Been_Loggin]

6. True

But the article references some legislation before congress that leave one big fat loophole in regulation. Why bother with any regulation if it's not going to work?

[Cant trust em]

7. It wil probably reach some of its intended goals

or have loopholes that some, but not others can fit through.

[Skittles]

8. no

Obama would have way figured that out by now - nope - he fucking approves

[iceman66]

16. Sooner or later, Obama is going to realize that.

Hopefully it will be well before the 2010 midterms.

[Sebastian Doyle]

9. Damn, Maria's surprised me twice in one week

If I didn't know better, I'd think she was up for reelection tomorrow.

[Mithreal]

14. Helps when people are calling her local and DC offices several

times a week.

[Grey]

10. To answer Maria,

It's a mystery to me. I personally think He should have been fired (never hired) months ago.
I wonder where the money went........?

[depakid]

11. Maria Cantwell citing David Gregory

What a beaut that one is.

Two peas in a pod.

[democracy1st]

13. he never should have had the position

[iceman66]

15. Good question!

[Nothing Without Hope]

17. Oh, he's doing his job all right. He just doesn't work for whom the public

thinks he does.

[rhett o rick]

18. I think Wall Street is blackmailing the President. nt