Geithner’s lifelong love of bailouts

Cato Institute
by Mark A. Calabria

01/20/10

Treasury Secretary Timothy Geithner faces tough hearings next week before the House Oversight and Government Reform Committee. But will any of the Congress members take him to task for his own role in creating last year’s financial crisis? Geithner refuses to take responsibility for ‘the legacy of crises you’ve [that is, the Republicans] bequeathed this country’ … He apparently believes that the long string of Wall Street bailouts with which he’s been associated — starting with the Mexican ‘peso crisis’ in 1994 — had nothing to do with our financial institutions’ widespread expectation that Washington would bail them out when they screwed up big-time...

//www.cato.org/pub_display.php?pub_id=11153


Informant: Thomas L. Knapp



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