Wednesday, July 25, 2012

Tim doesn't like the book

The book is Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street by Neil Barofsky, who was the TARP IG.  And "Tim", if you didn't know, is Tim Geithner, Treasury Secretary.  

Tim appeared on Charlie Rose last night.  Rose brought up one of the basic points of the book: Geithner was too close to the banks when he was leading the New York Federal Reserve.  Geithner's response:  "You know, I'm deeply offended by that. I find that deeply offensive. You know, it's the result of a urban myth."

Look here for more of Barofsky's comments about Tim and his role with TARP.

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