Wikinvest Wire

Ratigan's five count indictment of Geithner

Tuesday, January 12, 2010

Writing in the Huffington Post today, MSNBC host Dylan Ratigan lists five reasons why Treasury Secretary Tim Geithner should do the nation a favor and step down.

COUNT 1: The AIG Emails.
COUNT 2: He wasn't even a regulator!
COUNT 3: The Christmas Eve Taxpayer Massacre.
COUNT 4: He's too cozy with certain banks.
COUNT 5: TARP Special Investigator Neil Barofsky's report says Geithner's New York Fed overpaid the big banks through AIG by billions of dollars.
During normal times, the details behind each one of these five transgressions would probably have been enough to send Geithner on to what will likely be a financially rewarding position at some big investment firm or at a K Street lobbyist. Or, maybe former Interim Assistant Treasury Secretary Neel Kashkari needs some help staffing his new department at Pimco.

At a minimum, he'll be able to write a book and then start his own consulting business, likely increasing his income many fold. Maybe he could even move back into his house in New York with the underwater mortgage that he's been renting out for the last year.

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