Sheila Bair: 'Tim Geithner Was Bailouter-In-Chief'

Jan 25, 2013 at 3:09 PM
DailyBail in Bank Bailouts, Volcker Rule, Wall Street Bailout, bailouts, banks, geithner, pbs newshour, sheila bair, sheila bair, tim geithner, video, wall street, wall street

'The two banks that were clearly insolvent were Citigroup and Merrill.'

Sheila Bair PBS Newshour interview.

• Transcript at PBS

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Web Extra:

This portion was not broadcast, and is perhaps the better of the 2 clips.

 

Here's what we've learned so far from Bair's book:

• John Thain's only concern was getting paid.
• Robert Rubin was secretly in charge of TARP.
• Citigroup and Merrill were both insolvent.
• Bair wanted Volcker for Treasury Secretary.
• Geithner really loves Citigroup.
• Blankfein wasn't playing team ball until Bair called Buffet to complain.

 

Article originally appeared on The Daily Bail (http://dailybail.com/).