Friday, January 30, 2009

What critics missed about treasury chief: Geithner presided over Wall Street collapse as regional Fed president

Jerome Corsi reports:
While the nomination of Treasury Secretary Timothy Geithner generated plenty of heat because of his failure to pay income taxes for five years, almost unnoticed amid the controversy is the fact that he presided over the failure of some of the largest banking institutions in the world – institutions he was charged with overseeing and regulating as head of the New York region of the Federal Reserve Bank.