A major official position that Obama could axe as part of his spending freeze and

[truedelphi]

I wouldn't care - Geithner at the Treasury.

Very interesting testimony from Geithner yesterday, when he was testifying before the House Committee on Oversight and Government Reform.

Apparently while heading up the NY Fed, he had zero input to the decisions made by which AIG became a pass through Corporation for the good of Goldman Sachs.

Neither did his predesser at the top position of the Treasury, Former Secreatry Paulson.

Both men had somehow mysteriously let their staff and others figure out all the maneuvering that led to the fact that Goldman Sachs got 100 cents on the dollar.

Paulson was willing to admit that he did negotiate Bear Sterns into a very huge accommodation - such that BS's stock price fell to less than three bucks.

No one asked him this, but I am assuming that Geithner also has a bridge in Brooklyn he'd like to sell us.

[truedelphi]

1. For those who care to watch the testimony, here is the URL

For its C Span viewing

http://www.cspan.org/Watch/Media/2010/01/27/HP/R/28886/Key+players+in+2008+government+Bailout+of+AIG+to+testify.aspx

[Myrina]

2. Plausible Deniability:

"I didn't approve it, my staff must have done so while I was in the bathroom." :puke:

[truedelphi]

3. And oh the indignance that Mr Geithner framed some of his responses with.

How dare us for not beleiving that his staff accomplished this during that trip to the bathroom!