What kind of price will our president pay for Tim Geithner? When will he fire him?
UPDATE.
please read this from Jay Tapper
http://blogs.abcnews.com/...
I do think the firestorm will die down at some point. However the damage has being done. People were looking for so called "scandal", that certaintly qualify as one.
The whole situation is embarrassing. It as if the government had been played by a stupid company.
I can't wait for next week. This is not the same as the Daschel tax problem when everyone thought his presidency was "over". This will either empower him by given him cover to regulate wallstreet without being called a socialist, or it will leave him looking weaker as a manager.
With the 60 minutes interview, this story will last another week for sure.
Please let Geithner go! He will destroy the presidency. Now I think the whole tax thing was a sign from god!
UPDATE.
It all starts to make sense. They have been dealt a bad hand.
From Tapper: http://blogs.abcnews.com/...
"In November, the Fed and Treasury Department soon began pumping more money into AIG -- $40 billion, to take down the $85 billion credit facility set up by the Federal Reserve Bank of New York.
At this point, an Obama administration official says, Treasury officials generally became aware that AIG had put retention programs in place, but whom they were for and the extent of them were unknown. The New York Fed began studying the compensation policies on the books -- while also making efforts to save banks and rescue the economy. But by then Geithner's nomination was pending and he had recused himself from dealings with AIG"