Thursday, January 22, 2009

Committee Approves Geithner Nomination

The toasting is over. The Senate Finance Committee had its little fun, but ultimately they will allow the man who played a major role in TARP phase 1, and passed out money as though it was a three dimensional surreal bingo game, the keys to, get this, the entire Treasury.

The Committee voted to approve the nomination of Timothy Geithner to be Treasury Secretary. The vote was 18 to 5. Several Republicans said they could not vote for him because of errors on his tax returns uncovered by the committee. Sen Jon Kyl, R-Ariz., said he did not believe Geithner was candid with the panel. But Democrats unanimously backed Geithner. Sen. Charles Schumer, D-N.Y., said Geithner would be an able navigator through "troubled, dangerous and uncharted waters." The nomination now goes to the full Senate floor, and is expected to be cleared easily

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