Thursday, January 22, 2009

More Mea Culpas From Geithner as Regulator

Pro Publica reports:
As Timothy Geithner inched closer to becoming Treasury Secretary, document hounds got a treat: 100 pages of Geithner's answers (PDF) to pointed questions from Senate Finance Committee members, who today voted 18-5 in favor of his confirmation.

Geithner, the president of the Federal Reserve Bank of New York since 2003, had less than 24 hours to respond to a wide range of queries covering his past nonpayment of taxes to his record as a top financial regulator.

Several senators honed in on his role in the supervision of Citigroup, asking about Geithner's contacts with top officials of the beleagured banking conglomorate, which has benefited from a $52 billion government rescue.