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sailingaway
05-26-2011, 09:07 AM
FinancialCmte Financial Services
Have a question for #Treasury Sec. Timothy Geithner? Follow the link to submit it for hearing next week: http://1.usa.gov/iuJHNn #tcot
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http://1.usa.gov/iuJHNn

Lucille
05-26-2011, 09:09 AM
I am going to submit this:

Timothy Geithner: Obama's Teflon Treasury Secretary (http://money.usnews.com/money/blogs/capital-commerce/2008/11/26/timothy-geithner-obamas-teflon-treasury-secretary)


"Please describe your role during the the demise of Lehman." "How has the AIG bailout been good for taxpayer?" "What role did did Fannie and Freddie play in the subprime mortgage bubble?" "What role has government policy played in creating the housing and credit crisis?" "How does tax policy affect economic growth?" "What should be done to fix Social Security?" "Should the government more directly aid homeowners?" "What is the growth potential of the U.S. economy?" "Should unions represent more workers and how would that affect productivity?" "Should China be pushed to strengthen its currency." "Does America need a stronger dollar?" "How do budget deficits affect real interest rates."

But this is the most important one: "Mr. Geithner, the job of the New York Fed is to -- now I am quoting its own web site -- 'supervise and regulate financial institutions in the Second District [Wall Street]. Its primary objective is to maintain safe and competitive U.S. and global banking systems.' You have been in your current post since 2003 and during that time the U.S. financial system has come close to complete disintegration. Why do you deserve a promotion?"

It asks for the date and title of the hearing, which I assume is:

"Hearing to Receive the Annual Testimony of the Secretary of the Treasury on the State of the International Financial System"
Full Committee
June 1, 2011 10:00 AM in 2128 Rayburn HOB