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View Diary: Will LIBOR Reveal Geithner and King as Stupid? Corrupt? Both? (20 comments)

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  •  Geithner failed to do his job as a regulator. (8+ / 0-)

    He did the bare minimum to cover himself with no follow-up.

    The fact that during his confirmation hearings he claimed, and I quote, "I am not a regulator," shows that he did not understand his job. It brings to question is he was really interested in doing his job as a public servant.

    He based bailout funding on what he knew to be a flawed instrument.

    His stunned silence on Sandy Weill's call to break up too-big-to-fail banks erodes more incredulity on his ability to function in the capacity of regulator and head of the largest federal law enforcement arm.

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