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Oct 24, 2010
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mr. geithner, like mr. paulson, like mr. greenspan that big trouble was on the way. >> in that light, you said you don't want politics or political consequences to influence the decisions you make. i wonder if you've gin any thought to what the political ramifications might be of assigning substantial blame to individuals like tim geithner or ben bernanke. >> well, wf a job to do. and i don't think our job, by the way, is to get out the noose and necessarily roll heads. our job is to lay out the facts of what happened and call it as we see it. and i just made the observation that i do think when you're talking about institutions, leaders do have to take a measure of responsibility. i think one of the things that's been most disturbing about this crisis, i will just say, is because the american people waded in with trillions of dollars of assistance, there hasn't been the kind of self-examination in the leadership that otherwise might have occurred. normally you change behavior when you suffer the consequences of the behavior
mr. geithner, like mr. paulson, like mr. greenspan that big trouble was on the way. >> in that light, you said you don't want politics or political consequences to influence the decisions you make. i wonder if you've gin any thought to what the political ramifications might be of assigning substantial blame to individuals like tim geithner or ben bernanke. >> well, wf a job to do. and i don't think our job, by the way, is to get out the noose and necessarily roll heads. our job is...
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Oct 24, 2010
10/10
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mr. -- i pointed out tim geithner had made several points but not act upon them. we pointed out in that hearing with citigroup and other federal reserve banks reviewed the conduct of the federal reserve bank of new york and found it wanting in its oversight of citigroup. you can expect us to be as critical and tough on the federal reserve bank of new york as warranted. we will not play any favorites here. i will tell you that as i look at the evidence, i see lots of yellow and red warning lights. there was a lot along the way that should have warned people like tim geithner, hank paulson, alan greenspan, that troubles on the way. >> you say you don't want politics or political consequences to influence the decisions you and your fellow commissioners make. i wonder if you given any thought to the political ramifications of what might be to assign blame to individuals like tim geithner or ben bernanke? >> we of a job to do. our job is not to get out the news and roll heads. our job is to lay out the facts of what happened and collett as we see it. i just made the ob
mr. -- i pointed out tim geithner had made several points but not act upon them. we pointed out in that hearing with citigroup and other federal reserve banks reviewed the conduct of the federal reserve bank of new york and found it wanting in its oversight of citigroup. you can expect us to be as critical and tough on the federal reserve bank of new york as warranted. we will not play any favorites here. i will tell you that as i look at the evidence, i see lots of yellow and red warning...
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mr. president, i'm a fan, big supporter. i promise. i really am. but please do yourself a favor, do us all a favor. fire tim geithner. you need a clean sweep in your economic team. larry summers is gone. finish the job. fire tim. they haven't done the one thing people care about, producing jobs. that's what we need. jobs, more jobs. they took care of wall street but not main street. look at the record that tim brought to your administration. he was at the new york fed. you know what he did? he coddled the banks. he was their cheerleader. he wasn't the cop he was supposed to be. he made the banks rich. surely not main street. you know what? we are suffering. he built the foundation that collapsed in the cataclysm of 2008. so you brought him in as treasury secretary. not sure why. you know what he did there. he bailed out the banks with hundreds of billions of taxpayer dollars. just one example, goldman. they got billions of dollars. they said they didn't even need it. so you know what they did? they gave themselves bonuses with taxpayer money and what did main street get? pink slips. unemployment through the roof. 20%
mr. president, i'm a fan, big supporter. i promise. i really am. but please do yourself a favor, do us all a favor. fire tim geithner. you need a clean sweep in your economic team. larry summers is gone. finish the job. fire tim. they haven't done the one thing people care about, producing jobs. that's what we need. jobs, more jobs. they took care of wall street but not main street. look at the record that tim brought to your administration. he was at the new york fed. you know what he did? he...
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mr. president, i'm a fan, big suppo supporter, i promise, i am. but do yourself a favor, do us all a favor, fire tim geithner, you need a clean sweep of your economic team. larry somers gone, finish the job, fire tim. they haven't done the one thing people care about, producing jobs. that's what we need, jobs, more jobs. they took care of wall street, but not main street. you know what, mr. president, the reason we have a tea party is because your team took care of the same insiders as the last administration. we brought our hopes and aspirations to washington with you. and we've been disappointed. please, give us a treasury secretary who understands main street. i've got some names. give me a call. >> meanwhile, kathleen parker had her own message for sarah palin telling the gop lightning rod it's time to decide whether or not she's going to run for president in 2012. >> it may be that palin is waiting for a thunder bolt or a voice from beyond to instruct her next move. in the meantime, she's teaming with rnc chairman michael steele to raise money. come on, sarah, drop the tease and just tell the american p
mr. president, i'm a fan, big suppo supporter, i promise, i am. but do yourself a favor, do us all a favor, fire tim geithner, you need a clean sweep of your economic team. larry somers gone, finish the job, fire tim. they haven't done the one thing people care about, producing jobs. that's what we need, jobs, more jobs. they took care of wall street, but not main street. you know what, mr. president, the reason we have a tea party is because your team took care of the same insiders as the last...
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Oct 1, 2010
10/10
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include treasury secretary timothy geithner, fed chairman ben bernanke, and the head of the securities and exchange commission and the federal deposit insurance corporation. >> mrcameron, you were an optimist wants. but now, all you offer now is a pessimistic view of what britain can achieve and you hide behind the deficit and how we -- and we will not let you get away with it. >> that was the annual party conference. >> this weekend, explore the reality behind science fiction, the vision of einstein, and the fundamental forces of the universe with a theoretical physicist and author me to, " kaku.hor michio that is sunday at noon eastern. >> democratic leader spoke with reporters on thursday, looking back at this year's congressional action and looking ahead to what they expect in the elections. this is a half-hour. >> good afternoon. it is nice to see you here. these are newer digs. as we come to the end of this part of the session, it is with great pride that we review the major accomplishments of this congress. one weekend one day after the president stood on the steps of the capital to ask for swift and bold action now to take our country in a new direction
include treasury secretary timothy geithner, fed chairman ben bernanke, and the head of the securities and exchange commission and the federal deposit insurance corporation. >> mrcameron, you were an optimist wants. but now, all you offer now is a pessimistic view of what britain can achieve and you hide behind the deficit and how we -- and we will not let you get away with it. >> that was the annual party conference. >> this weekend, explore the reality behind science...