Tim Geithner, asleep at the wheel?

by Ryan Barr on December 18, 2008

in Economics, Investing

Greg Mankiw points out a really fun fact…

The AP reports:

President-elect Barack Obama says the government has been “asleep at the switch” when it comes to overseeing the nation’s financial system.

He says Americans are “feeling frustrated that there’s not a lot of adult supervision.”

A smart but snarky friend points out:

You might appreciate the irony that Citigroup’s primary federal regulator is Timothy Geithner.

Too Funny! Tim Geithner is a great guy, and will likely be a fantastic Secretary of the Treasury. This sort of quote makes me laugh at the headline culture we have become. A guy I work with talks about this all the time, this one just puts the icing on the cake. If you happen to know who is responsible for what, the quote from Obama is just silly, if you take it at just the headline, then you’ll believe we are in for change!

Yes we can! :)

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