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  • Justin O.: 
  • Comments (2)
  Between him and the president Gibbs should have his hands full trying to keep them away from any recording medium. I'm not sure if I'm the only one to notice, I certainly hope not, but everytime either of them speaks the market tanks. This might be due to their profound honesty, or lack of politicing, but at some point one may hope that they realize their roles as the investor relations group for the US economy.

  Mar 08 03:59 PM | Link | Reply
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  • Walt17: 
  • Comments (96)
  I completely agree with the suggestion. It is hard for Geithner (or anyone else) to do their job when management (in this case congress) doesn't leave them alone long enough that they can do it.
  
  However, Congress has a problem. They have to look like they are doing something. Which means, holding hearings and asking questions, even when they know there is no point to it. This is a subtle form of finger pointing. But their alternative is to come up with responsible legislation.

  Mar 08 04:04 PM | Link | Reply
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  • commonsenseman: 
  • Comment (1)
  This article states actually what we have been discussing the last week. Every time Geithner talks the market tanks because he has no details to give and he is pushing BO's campaign to destroy the wealth. He should be quiet until he actually has a detailed plan to restore order, not just general guidelines.

  Mar 08 04:14 PM | Link | Reply
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  • lark: 
  • Comments (38)
  He does not know, how to solve this financial mess. He knows nothing.

  Mar 08 04:27 PM | Link | Reply
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  • LuckyPierre: 
  • Comments (9)
  One of the problems with this grilling by the Congress, whether it is directed to Geithner, Bernanke, etc. is that it's more politicizing and grandstanding by Congressional members in front of the cameras. This is counterproductive. Take away the video and TV cameras. Openness is good, but let it take the form of providing the transcripts to those interested.

  Mar 08 05:02 PM | Link | Reply
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  • bearfund: 
  • Comments (663)
  The real problem with Geithner is that he doesn't have any idea what to do. It's ridiculous to think things will get better because he's sitting in his office "brainstorming" (10% chance of sprinkles) instead of answering questions from Congress. Any plan he does come up with will either be a waste of money or a huge undeserved and unwarranted gift from the taxpayers to private investors.
  
  Also, let us not overlook the fact that the Treasury is not responsible for banks other than those in which it owns a controlling interest. Its actual task is to manage the finances of the federal government. Right now that effectively means figuring out how to borrow large fractions of GDP at the lowest possible long-term cost. That ought to be enough of a challenge for Timmy even with the global bond market begging for junk paper at zero yield.

  Mar 08 05:52 PM | Link | Reply
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  • TFF: 
  • Comments (4)
  this exactly why government are useless. form over substance.

  Mar 08 06:25 PM | Link | Reply