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I wish we had known about this ahead of time. It's our mistake for missing it and not alerting readers. The questions submitted and voted by Digg users were outstanding. Tougher and more intelligent questioning than I've seen in any interview of Timmaaay, including Fareed Zakaria's commendable effort. Steve Liesman and Erin Burnett should seek solace under a rock considering their feeble attempts with the Treasury Secretary.
The disadvantage for us is that because of the public nature of voting (Digging) the submitted questions, Turbo knew ahead of time what would be asked and was fully prepared with rehearsed answers. Still the questions were so aggressive and critical in nature that TG couldn't help but squirm through many of them.
I've had a draft post half-written for 8 weeks entitled Ten Questions For Geithner And Summers. One of these days I'll get around to completing it, but the first question on my list is the most glaring omission from the Digg final 10 and is the same that I posed to Simon Johnson and Brad Delong:
- In the discussion of bank losses, why are taxpayers asked and expected to bear the entire loss, while bank bondhholders who recklessly lent trillions to risky bank management teams, are spared completely from this discussion? They knowingly took the investment risk in search of higher returns and they aren't even being asked to forfeit a penny on their bond holdings. It is criminal, conspiratorial and reeks of Treasury capture. What say you, Mr. Secretary?
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