So how grateful to Tim Geithner is the financial services industry whose interests he prioritized over any help to individual homeowners (as recently confirmed in anecdotes from Elizabeth Warren's upcoming book)?
At WSJ (behind paywall and/or limited free view) (3 days ago but apparently not mentioned on Dkos):
...Mr. Geithner, heading out on a book tour, ...may also be sitting for a deposition.Why?
Ever since [Department of] Justice sued the credit-ratings agency last year for the firm's awful ratings on mortgage bonds, the question has been why the government didn't also charge other ratings agencies that issued equally awful opinions prior to the financial crisis. S&P argues that it was singled out because ... it chose to downgrade the U.S. credit rating in 2011.Who knew (that Geithner's vocabulary included this word)?
...the downgrade... occurred on a summer Friday. "The next Monday morning, August 8, 2011, Secretary [of the Treasury Timothy] Geithner met with President Obama . . . Immediately after that meeting, Secretary Geithner ... "personally expressed his anger at S&P, asserting that it made a two-trillion dollar error" and that Mr. McGraw was "accountable for that."
I expect that this spat will be settled long before this threat to depose Geithner helps anybody besides S&P, but it is a useful reminder that
the plutocracy is not as internally unified as it often appears.