tim geithner was the perfect person. >> narrator: tim geithner, the presidt of the new york fedel reserve. during the financial crisis, he had led the bush administration's response on wall street. >> he's 47 years old, he looks like he's about 32. >> extremely smart, extremely aware of the stuff, very discrete, controlled. >> narrator: geithner's career took off in the clinton administration, a protégé of treasury secretary robert rubin. >> i knew he was a protégé of bob rubin. and i knew that he was, therefore, of and by and from wall street. he sees the economy as a practical matter, the way wall street sees the economy. and, therefore, tim geithner is going to reflect what wall street ultimately wants. >> narrator: and during the meltdown, he had engineered the bailout of bear stearns, had gone along with letting lehman go bankrupt. but then pushed for a more than $180 billion bailout of the insurance giant aig. >> tim geithner thought that if they did not do everything they had to do to save aig, as distasteful as it was, that they would be jeopardizing the global economy. >> he cert

geithner and bernanke would go along. >> geithner should have been spending the summer of 2008 figuring out what to do if there was a lehman. and they didn't do that. this is a historic failure. they should not have been in a blackberry crisienronment in the fall. they're essentially unprepared. >> narrator: by sunday evening, it was over at lehman brothers. the lawyers spent the night preparing the bankruptcy papers. on monday morning, tim geithner began his day working the phones. his logs from the day show eight calls with secretary paulson. the early vibrations from wall street weren't good. >> lehman announcing early this morning it will file for bankruptcy, confirming all those reports... >> it's been particularly unsettling for lehman brothers employees, 25,000 worldwide. >> narrator: paulson headed to the white house to reassure the markets. >> good afternoon, everyone. and i hope you all had an enjoyable weekend. yeah, yeah. >> the fed and the treasury thought that lehman could go under without causing a major conflagration. and that it would be a big event, but it wouldn't cau

geithner knows this, i assume he knows this. assume he remembers who chose him to be president of the new york fed, the position he held before becoming treasury secretary. including hank greenberg of aig fame, and john whitehead of goldman sachs. just a couple of regular joes representing the best interest of the public. don't be fooled by what geithner says when he says this is just a matter of perception. geithner bank the big banks guy in washington after he was chosen by wall street players to run the fed. it's about time the fed was run to represent the broader public interest, not the interest of wall street institutions. and to make that happen, we had better change the way the fed is governed, and step one is for dimon to resign or be forced out right now. ♪ >> eliot: it may have been the best week yet for mitt romney after going through a vitriolic primary, romney has now made it to the honeymoon phase, but can he turn the honeymoon into a long-term marriage. 50% of the country now views him favorably. the highest leve

tim geithner cannot force out jamie dimon.tem, but the pressure is on jamie dimon to resign from the board of the new york fed. >> eliot: both of us are confusing the two. the two morph into one person, and that may be the problem. is that what we've been talking about with respect to the new york fed board similarric of the larger regulatory crisis we face in this nation where there has been touch influence to bear that they have not done their job. >> yes, it is symptomatic of a broader problem. it could be that this is the tip of the iceberg or the relatively visible part of the problem. the intellectual and other forms capture are much more pervasive. >> eliot: very, very quickly. you are actually beginning a petition campaign to show public support for this. when will that start and how will that work? >> we hope to get it started tomorrow. we hope that a lot of people are going to sign on. it's actually a very reasonable and modest to moderate ask and i would be shocked if we don't pick up a lot of support. >> eliot: you

geithner is a shameless apologist for criminality on wall street and in the banking system he has no accountability turbot toomey who famously cheated on his taxes is lecturing people on morals and the criminality is rife as william black for example professor will explain in great detail course he's not allowed anywhere near these prosecutions because he'd put thousands of these bankers into jail so they don't have prosecutions and the treasury secretary tim geithner is on television telling law is to cover up these crimes this is like richard nixon but a lot shorter testimony has shown that lloyd blankfein knew he was selling deals so what else does he need to say that all of that was stupidity to admit to your guilt you know there's more than that going on there is a i don't you know admitting his guilt i don't see wall street telling me all the facts and figures of their guilt over the good little girl and listen how they described him here in this article max timothy geitner who helped tackle the crisis for the bush administration when he was head of the new york federal reserve

treasury secretary timothy geithner said europe is making progress in dealing with the debt crisis. >> the greeks have a particular challenge. i think it's a welcomed debate. they have a stronger set of tools to manage the crisis now in place. that allows them to shift the focus for more growth. >> geithner said in a speech in washington on tuesday that europe is taking measures to restore fiscal sustainability at a steady pace. he also mentioned that discussions have begun to promote spending on infrastructure in debt-ridden nations to support their economies. geithner added that europe has become aware of the need to boost the global standing of these countries, with excessive debts. but he warned against slowing down efforts to overcome the crisis. >>> investors certainly did not share geithner's enthusiasm. overnight u.s. and european markets headed lower across the board on continued concerns about greece and the euro. for more on how stocks are trading this wednesday morning, we're going to go to ramin live at the tokyo stock exchange. traders here in tokyo and other asian marke

we haven't heard anything from timothy geithner. >> you are damn right.s because tim geithner is described in the book by one of the top anchors in the country by our man in washington. but unfortunately he is not their only man in washington. first of all the entire republican party -- okay 99% of the republican party is there to serve the banks. robin manuel was out of office for two years, cashed in from wall street, $12 million. larry summers top economic advisor for obama, in between 17 to $39 million almost all from the financial industry. from one hedge fund alone he got $5 million a year for working one day a week. that's how they do these unusual bribes. bill clinton giving $250,000 speeches over and over to banks. he now has $80 million. and the list goes on and on. why do you think democrats like tim geithner don't do a damn thing about the banks? because they also get paid by the banks. i'm going to bring in michael shure here. i think booker is guilty and the democratic party is guilty. >> cory booker is guilty of letting his ambition show. t

outside theers of timothyme geithner today.m 25 states called on timothy geithner to stand with the 99%. they marched in the streets. it was mostly peaceful, it's not whether tim geithner was even home at the time. martin mother of trayvon appeared at a baltimore church today. >> it is so easy for me to cry right now. it is so easy for me to cry day, but i cannot. have work to do. >> she received a standing ovation. she told the congregation that the church tong of some of the thousands people who supported her family justice for her son. george zimmerman is charged with second-degree murder. to the other side of the state. yesterdaynt happened part gasn a takoma station. that is when authorities said police and called man into the woods. a k-9 unit later found hernandez in the woods. arrested and charged with attempted carjacking and the salt. montgomery county police are investigating a suspected suicides in silver spring. called to an apartment this morning to check on the reports of a missing person. officers found the body

. >> brown: then, we have a newsmaker interview with treasury secretary timothy geithner on jobs, j.p. morgan's spectacular losses, and once again, a looming debt crisis. >> we're fighting wars, we've got a major financial crisis in europe. we have all these challenges. political politicians threatening to default if we don't adopt a partisan agenda. irresponsible. >> warner: ray suarez has the next in our daily download series. tonight, how the presidential campaigns use youtube as a cheap and effective way to get eyeballs on campaign videos. >> brown: from thailand, fred de sam lazaro reports on one man's efforts to combat hardships and instill a new way of thinking in rural regions of the southeast asian nation. >> the only road out of poverty is through business enterprise and this is what we're doing. ♪ >> warner: and we remember the singer songwriter known as the queen of disco, donna summer. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: >> and by the bill and melinda gates foundation. dedicated to the idea that all

there might be disagreement in china over how to save face in this crisis with both clinton and geithner on chinese soil. the chinese government, they say, has said they will accept his applications for appropriate travel documents and they would give his visa and family v. request priority. it follows a tense 48-hours where he in a beijing hospital surrounded by security answered a phone call from high man rights activist as they were meeting with republican members of congress. >> translator: i want to meet with the secretary, clinton. i hope i can get more help from her. >> a dramatic moment there yesterday afternoon. on the campaign trail, in virginia, romney lashed out at the administration saying the white house had not acted forcefully enough to ensure chen's safety. >> if these reports are true, this is a dark day for freedom. it is ai day of shame for the obama administration. >> on the hill, republicans even raised the specter of ttiananme square. >> america missed an opportunity in tiananmen. will this fail to seize the historic moment. >> "the new york times" reporting report

a-- timothy geithner. these talks are being overshadowed by chen guangcheng 's escape and leaving the u.s. embassy. and calling to be taken back to the united states. this is to show you, these are live pictures from beijing. these are annual and very high profile talks, today talks -- two-day talks where hillary clinton is present. other issues like syria and iran. the situation with chen guangcheng is overshadowing the talks. >> the european space agency esa has approved an exploration and to the moon of jupiter. a kraft should arrive at jupiter -- craft should arrive at jupiter in 2013. here is our science correspondent. >> the month of jupiter, some encrusted in ice. others fiery and volcanic. they're among the most fascinating of world but they remind -- remain largely unexplored. some of these motions are the destination of the next space mission. >> is an exciting process -- is an exciting prospect. these moons have water under their cross. >> nasa has led the way but because of budget cuts, the ame

they want geithner to support something called the robin hood tax. it is a small tax on stock trades. some say it could generate billions of dollars for jobs, housing, education and health care. the protesters also called on the obama administration to hold wall street accountable. >> the big banks have crashed our economy and we feel like the administration has had time to deal with this crisis and they haven't dealt with it effectively. >> protesters visited secretary geithner. they moved on to a bank executive's house in chevy chase. geithner did not talk to the protesters. >>> he had a dream job and gave it up to try to help others. the former voice of the orioles talks about the 911 call that helped save a life. here's erica gonzalez. >> give her two more breaths now. two more breaths. make that chest go up and down. and let's go again. one, two, three, four, one, two, three, four. are they there, ma'am? >> yes, they're here. >> a life or death situation. a maryland dispatcher instructs a woman how to give her drowning granddaughter cpr. there's

geithner. "washington post" obama warns republicans about debt ceiling fight and ezra klein, will the 2013 debt ceiling be moot. on the phone with us is ben while, staff writer for congressional quarterly. what message you want to send to washington about the debt ceiling. ben, good morning. why are we talking about it right now? when are the estimates when the ceiling will be hit? >> thanks for having me. the debt ceiling is not likely to be reached until the end of the year and possibly not until early next year. but as everyone starts to gear up for the election for this debate over the so-called fiscal cliff when the bush tax cuts expire, when the budget sequestration goes into effect, everyone's trying to gain a little bit of edge here. >> and what are the politics of this for speaker boehner? >> so speaker boehner as we recall last year, he said i won't raise the debt ceiling unless we cut spending or make reforms dollar for dollar. if he had gone back on that, i think we all know there w

treasury secretary timothy geithner however sought to reassure americans that the obama administration was doing what it could to rout out the bad actors from the worst financial crisis since the great depression geitner suggested that holding people accountable for the wreckage caused by the recent housing collapse and the ensuing financial meltdown was not that simple since most crises were not caused by criminal activity he said most financial crises are caused by a mix of stupidity and greed and recklessness and risk taking and hope and you can't legislate against that. geithner is a shameless apologist for criminality on wall street and in the banking system he has no accountability turbot to me who famously cheated on his taxes is lecturing people on morals and the criminality is rife as william black for example professor will explain in great detail foresees not allowed anywhere near these prosecutions because he'd put thousands of these bankers into jail so they don't have prosecutions and the treasury secretary tim geithner is on television telling law is to cover up these cr

given to them to use so if you look at this video this is a group of people watching on timothy geithner's home in bethesda maryland here heads or maybe right here home even secretary kerry kerry a year ago our group of people met with him if he had her they are here to quit protecting the banks and they asked him if he were going to. help us right now our workers home and help her out of her crisis across the united states we haven't heard anything from this guy here so right now. from here you can hear there are rumors going back a hurry so max that's the national people's action and they're they're using the words reform pleading with timothy geitner who in mabel who allowed this crime to happen who scilla tainted the massive crime against the u.s. population and the u.s. banking system to happen and they're pleading with him to introduce a transaction tax on these criminal transactions yeah i think the american people are confused about what religion they have in america i mean in islamic tradition you go. moola and he gives you a crumb and a handout every month or so that's part of th

embassy in beijing when hillary clinton and tim geithner were there. the prisoner says he was being punished in response to his opposition to the management of their one-child rule, they are now telling the daily beast that he and his family want out of china and they want to do it on hillary clinton's u.s. state department plane right now while she's in town today, let's go. he claims police reportedly beat his family during their house arrest. he fears what they'll do next if he's forced to leiave the embassy. hillary clinton stopped short of this this morning, but did not act for this activist in the situation. >> we do believe that all governments have to answer to citizens' aspirations for dignity and the rule of law, and that no nation can or should deny those rights. >> first, peter navaro, friend of the show. before we get to trade and jobs and all the rest of this, peter, what -- what was your initial response when you saw the news of this dissident, and really, the strategic brilliance on the dis, dissident's part to get a seat on that airpla

geithner in turn wants a handout from jamie diamond jamie dimon in turn wants a handout from the federal reserve and the e.c. big so they all go each other's hand in each other's pockets it's just that the american peasant ends up getting the least in that video a lot of the people are dressed as robin hood and you know the propaganda is that robin hood was taking from the rich and giving to the poor not the truth which was that he was taking from the corrupt who had stolen from the people and given back to the people and you know again they're playing right into their own myths and propaganda that somehow these protesters protesting about the financial fraud the financial crimes the financial fast that they are the ones seeking redistribution of wealth from these hard earned money from the likes of timothy geitner and jamie diamond lloyd blankfein addicts old and john chorus line that these guys deserve their wealth you know the american president wants redistribution of fraud not redistribution of wealth because there is no wealth there's only fraud the dollar is fraudulent the banking

how they create the conditions for more growth. >> geithner said in a speech in washington on tuesday that europe is taking measures to restore fiscal sustainability at a steady pace. he also mentioned the discussions have begun to promote spending on infrastructure in debt-ridden nations to support their economies. geithner added that europe has become aware of the need to boost the global standing of those countries with excessive debts. but he warned against slowing down efforts to overcome the crisis. >>> japanese companies seem to be reluctant to spend. machinery orders fell in march for the first time in three months. the cabinet office says domestic firms placed orders worth $9.3 billion with major machinerymakers. that's down 2.8% in yen terms from february. the figure eludes orders for ships and power plants. chemical firms and other manucturers placed fewer orders in march. other manufacturers such as telecom firms held back on spending, too. still the cabinet office projected more robust spending in the months ahead. government analysts expect orders to rise in the next qua

-- i interviewed tim geithner said i don't need to do the debt ceiling into early 2013. they would like to separate it from tax increases and spending cuts. but john boehner does not want to do that. he knows that's wouven the few levers that they have against the president. he says we're not doing the debt ceiling unless we're doing spending cuts an reform as big as the increase. gwen: now president meet with some congressional leaders over hogeie this is week. both sides came up with completely different interpretation of how it happen. >> surprise, surprise. it's clear that the president made this clear to be boehner. we should just do the debt ceiling and separate it from everybody else. and he said that that quote took his breath away. it's more of the post erring. gwen: were the hoagie's any good, that's the question. >> they were pushing the government to the edge of default. the markets weren't really wild about this. i mean, how -- how does wall street -- are they finally deciding that these guys are just bluffing? is this going to cause some real problems? >> t

geithner did not address the protesters. >>> coming up on 4:31. tom kierein is here and already seeing rain out there. >> what a dramatic change from the weekend. it was a wonderful weekend. >> beautiful. >> i was at nationals park yesterday. perfect for watching public. you have no idea how fast that ball is thrown by steven strasburg until you see it in person. 98 miles per hour. we hear about 98 mile-per-hour winds and hurricanes, but man, when you see the baseball flying -- you don't get the sense of it had you watch on tv. you got to see in person. then he hit a home run. what a great game. >>> this morning a big change has occurred since our wonderful weekend. yes, we have scattered, light showers. a bit of patchy drizzle coming from an area of low pressure that's centered, a weak area of low pressure, over the lower part of the bay. cool temperatures, much of the region in the 60s. that includes the eastern shore, much of maryland, virginia, the district of columbia. to the mountains, a few locations have dipped into the 50s. and we're goin