Thursday, March 19, 2009

What Did Geithner Know and When Did He Know It?

It's clear the AIG bonus outrage has reached absurd levels when the staid Wall Street Journal writes about AIG's CEO Edward Liddy appearance before a congressional subcommittee, yesterday:
It’s better than the circus...
There was even a Watergate who knew what when moment that put another straw of many that continues to pile on Treasury Secreatary Geithner's back:
1:47: Rep. Scott Garrett (R., N.J.) asks more about the timeline. Liddy said that talking last week to Tim Geithner, the Treasury secretary, Geithner indicated he learned about the bonus issue the prior week. That appears to conflict with the timeline put forth by the Obama administration, saying Geithner only learned last Tuesday (March 10).
Meanwhile, with all eyes on the circus, Ben Bernanke has announced he is going to print another trillion dollars.

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