My take on a variety of topics that are shaping the U.S. in the 21st century.
Monday, January 14, 2013
Geithner's Accomplishments
Ryan Chittum of Columbia Journalism Review doesn't think much of Geithner. Geithner did nothing for the housing decline; HAMP spent only $4 billion of its $50 billion war chest. He thought that deficit reduction and austerity was more important than jobs. He opposed breaking up the too-big-to-fail banks. He was against the Volcker Rule and lobbied against Elizabeth Warren. He fought for allowing the banks to do whatever they felt like doing.
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