The voice is also different: Paulson had a grating and gravelly enunciation; Geithner has an arrogant and nasally whine.
"Geithner dismisses pay rules accusation
WASHINGTON - Treasury Secretary Timothy Geithner denied yesterday that the Obama administration was crafting bailout initiatives to allow companies to evade limits on executive pay and other restrictions imposed by Congress.
"No, that's not true," Geithner said when asked about a report in Saturday's
LIAR!!!!
The Post said the Obama administration believes it can sidestep the rules because it has in many cases decided not to provide federal aid directly to the financial institutions, instead setting up special entities that act as middlemen to channel the funds.
I expect to see a SPECIAL COMMENT on Olbermann tonight, don't you?
;-)
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More "change":
WASHINGTON - The government may require new faces in executive suites at banks that need "exceptional assistance" in the future, Treasury Secretary Timothy Geithner said yesterday.
Critics of the Obama administration's move to force out the chairman of General Motors Corp., Rick Wagoner, as a condition for additional federal loans say that such strong government intervention contrasts with treatment of the financial industry. Geithner denied there was a double standard and put banks on notice that they may need to change leadership teams.
"If, in the future, banks need exceptional assistance in order to get through this, then we'll make sure that assistance comes with conditions, not just to protect the taxpayer but to make sure this is the kind of restructuring necessary for them to emerge stronger," he told "Face the Nation" on CBS. "And where that requires a change of management of the board, we'll do that."
The treasury chief said that is what has happened at some big institutions that are getting large amounts of government aid. They include the mortgage companies Fannie Mae and Freddie Mac, which were placed into conservatorship in September, and insurer American International Group Inc., the recipient of more than $170 billion in help since last fall.
See: Congress to Let AIG Keep Bonuses
One Final Fannie F*** From the Boston Globe
Just wondering if you've had enough shit from this liar yet, or whether he should fill up another bowl?
Asked if chief executives of big banks such as Citibank and Bank of America should worry about their jobs if their companies don't improve their performance, Geithner said the government would not shy from such a restructuring.
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