DeFazio Calls For Geithner & Summers To Be Fired

Video: Rep. Peter DeFazio calls for the sacking of Tim Geithner & Larry Summers -- Nov. 18, 2009

Though some of you have seen this clip, we didn't cover this story in November when it broke.  Considering yesterday's news, it seemed fitting.

• “We may have to sacrifice two more jobs to get millions more for Americans.”

• "Unfortunately, the President has an adviser from Wall Street, Larry Summers, and a Treasury Secretary from Wall Street, Timmy Geithner, who don't like that idea.  They want to keep the TARP money either to continue to bail out Wall Street.  That's absurd."

• "Especially if you look back at the AIG scandal, and Goldman and others who got their bets paid off in full...with taxpayer money through AIG.  We channeled the money through them.  Geithner would not answer my question when I said, 'Were those naked credit default swaps by Goldman or were they a counterparty?'  He would not answer that question."

Read more at the WSJ (next-day interview with DeFazio) >>

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Comments

[DailyBail]

Q&A: Oregon Democrat DeFazio Calls for Geithner’s Resignation

http://blogs.wsj.com/economics/2009/11/19/qa-oregon-democrat-defazio-calls-for-geithners-resignation/

[Aint Bullshittin']

In Goldman we DIS-TRUST. How can the Banking industry be having record profits and record setting bonus payouts during the worst economic crisis since the Depression? Well, no need to be a Rocket Scientist or have Harvard Education to figure that one out!-Greed Breeds Corruption and Corruption Breeds more Politicians and Bank CEO's-Welcome to your NIGHTMARE AMERICA-QUIT BEING SO STUPID AND ELECTING CROOKS

[DailyBail]

it's gonna get ugly in the next few weeks...

we have geithner being called to hearings about the AIG emails...

we have the bernanke confirmation vote coming in the full senate...

and we have bonus payments about to be made on wall street...