Congress Grills Geithner
U.S. Treasury Secretary Timothy Geithner answered to angry members of Congress on Capitol Hill, in order to address the outrage over a multi-billion dollar bonus payout at AIG. Sharyl Attkisson reports.
Duration : 0:2:13
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big deal, another …
big deal, another play between congress and the bankers, how many of the sheep are going to take this in as a ‘real’ ,a lot, that is my guess..there is no recourse, nobody gets fired, nobody goes to jail..afterall..its only stupid taxpayer money..what do they care.
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one of …
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one of the D senator pointed out clearly none of the R on the panel wants to join in to make financial response. these guys are just trying to stale financial reform by trying to attack the financial sec. when geithner said “if you are outage with AIG you should join the reform” none of the R make an answer. and insist there is no BIpartianship. my butt!
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bear …
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bear stern also failed which was one of the most powerful fix income house, morgan stanley and merryl lynch was also on the way.
if AIG failed, your 401k, global stock markets would certainly collapse for even longer.
Geithner did the right thing. he deserves recognition. could it be better? who knows. the result after 1 year has spoken for itself. the world did not go into a depression like 1929. where goldman sach almost disappeared from the land.
it is a a total …
it is a a total waste of time this senate grill. it was so unfair to Geithner. the “angry” senators were asking the same questions again and again. poor gneithner had to answer it again and again. honestly the man replied. just listened. these guys were not in the hot seat. so they can be like barking dogs.
they choose to ignore the fact that, that was the weekend that Lehman (the next most important firm after goldman) just failed,
Madoff would be …
Madoff would be proud of his son.
I think you missed …
I think you missed the point – not me. AIG could not fail, simply because it would make millions of people miserable or dead. You and your buddy “demagogue” Ron Paul can sit there and think that you can allow millions of people to go under and get away with it. That’s not how real life works. At stake was TOO MUCH – you can’t let that fail – if you do, you’d be out of the office in 1 minute.
you totally missed …
you totally missed the point.
“We” can’t have a company??
It’s not “OUR” company and it’s certainly not the gvernments company.
And it’s none of thier business.
Let em fail The market is best at punishing businesses for poor management.
I hope they learned …
I hope they learned that we can’t have a company that is TOO BIG TO FAIL. Each big company needs to be split into smaller companies just like share get split on the stock market. If we’ll allow them to to do this to us and be at their mercy, then we are screwed. Break them down into smaller independent pieces that are connected together and are working towards common goal – they’ll be more efficient.