Geithner Has Support of Obama, Democratic Lawmakers, Aides Say

January 11th, 2010

Via: Bloomberg:

Treasury Secretary Timothy Geithner retains the confidence of President Barack Obama as he faces questions about why the Federal Reserve Bank of New York tried to withhold details of the government’s financial-industry rescue, administration officials said.

Aides to top congressional Democrats also said that Geithner has support on Capitol Hill as lawmakers prepare hearings into why the New York Fed in December 2008 asked American International Group Inc. to scale back disclosures of the government’s $182.3 billion bailout of the New York-based insurer. The Treasury Department said Geithner, 48, recused himself from such deliberations after Obama picked him to be Treasury chief the previous month.

Asked yesterday for comment, White House Press Secretary Robert Gibbs said he stood by his earlier statements that the president had full confidence in Geithner. Jim Manley, a spokesman for Senate Majority Leader Harry Reid of Nevada, said “Secretary Geithner enjoys the strong support of the Senate Democratic caucus.”

Posted in Dictatorship, Economy, Elite | Top Of Page

One Response to “Geithner Has Support of Obama, Democratic Lawmakers, Aides Say”

  1. DrFix says:
    January 13, 2010 at 4:36 am

    Sounds like they’re circling the wagons to fend off those arrows being shot at them but us Injuns!

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