Friday, November 20, 2009
Rep. Tom Brady (R-Texas) talks to Fox Business News after calling for Secretary Tim Geithner's resignation during a hearing of the Joint Economic Committee yesterday.
This comes just two days after Rep. Peter DeFazio (D-Oregon) suggested it might be a good idea to increase the jobless total by two - Geithner and White House Adviser Larry Summers.
Oh Dear! When asked, Brady suggests replacing Geithner with Phil Gramm who was instrumental in passing a number of bills that were key elements in deregulating the banking and investment industry. Topping that list was the Commodity Futures Modernization Act of 2000 that allowed derivatives such as Credit Default Swaps to be traded amongst Wall Street firms without the prying eyes of regulators ... maybe they ought to replace Brady.