Timothy Geithner in Hopes and Prospects

On Budget & Economy: OpEd: Took no action on exotic financial instruments

Obama appointed for treasury secretary Timothy Geithner. As the economic crisis began to hit, Geithner hinted that he would use the enormous leverage he had as president of the New York Fed to impose some controls on exotic financial instruments, but "there is no evidence that there has been much action." Source: Hopes and Prospects, by Noam Chomsky, p.220-221 Jun 1, 2010

The above quotations are from Hopes and Prospects, by Noam Chomsky. Click here for other excerpts from Hopes and Prospects, by Noam Chomsky. Click here for other excerpts by Timothy Geithner. Click here for a profile of Timothy Geithner.
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Page last updated: Jul 19, 2011