Wednesday, April 14, 2010

Morning Bell: Wall Street Bailouts Forever | The Foundry: Conservative Policy News.

Morning Bell: Wall Street Bailouts Forever | The Foundry: Conservative Policy News.: "There is no person more central to Washington’s bailouts of Wall Street than Treasury Secretary Timothy Geithner. As President of the Federal Reserve Bank of New York, he oversaw the federal bailout of Bear Stearns and under former Treasury Secretary Hank Paulson, Getihner designed the original bailout plan for the American International Group (AIG). As Treasury Secretary, Geithner has enthusiastically assumed full authority over the $700 billion TARP fund first secured by Paulson under President Bush and he has continued to wield it in the same haphazard manner as his predecessor."

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