Bo Cutter’s Indictment of the Finance Industry
By William K. Black|Dec 1, 2009, 1:43 PM|Author's Website
Bo Cutter has presented the best possible defense of Treasury Secretary Geithner.
By William K. Black|Dec 1, 2009, 1:43 PM|Author's Website
Bo Cutter has presented the best possible defense of Treasury Secretary Geithner.
Regardless of any assessment of Geithner as a person, and his performance as Treasury Secretary, the question that must be of interest is his ability to stem the hemorrhage, and effectively reduce the chances of catastrophic failure of the US financial system. Evidence suggests that the Obama administration failed so far to gain control of all government agencies. Some of the more critical - in law enforcement and banking regulation continue to conduct their business in a manner that is contrary to the interests of the people of the US, contrary to oaths of office of senior officers, and contrary to what would be considered rationale, sustainable policies. In short - recklessness still reigns high.