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Timothy Geithner is set for a couple of fun-filled days in Congress, where he's expected to be...

  • Wednesday, July 25, 2012, 5:35 AM ET
    Timothy Geithner is set for a couple of fun-filled days in Congress, where he's expected to be asked about the NY Fed's actions after Barclays' (BCS) admitted to officials in 2008 - when Geithner was in charge at the NY Fed - they were rigging Libor. The BOE says the Fed bank never said anything about any wrongdoing, a claim that's backed up by a Washington Post report today.
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This news story has 4 comments:

  •  
    Timmy was too busy finishing up his own income tax returns to contact the BOE.
    25 Jul 2012, 06:24 AM Reply Like
  •  
    I hear that Turbotax can be a real tough nut to crack.

    How cares about thousands of unpaid taxes by the Secretary of the Treasury...
    25 Jul 2012, 07:56 AM Reply Like
  •  
    Seems to me that an artificially low LIBOR worked in sync with the policy goals of the Fed. If that is true, it should be no surprise that Geithner and the rest of the Fed did a Penn State and looked the other way as the big banks lied about their borrowing rates.
    25 Jul 2012, 08:06 AM Reply Like
  •  
    Not to worry, the toughest question they would ask him is if he prefers milk or dark chocolate. Likely to be a friendly chat.
    25 Jul 2012, 01:10 PM Reply Like
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