Tim Geithner Criticizes Elizabeth Warren In New Book

[Eugene]

Source: Huffington Post

Tim Geithner Criticizes Elizabeth Warren In New Book

The Huffington Post | by Igor Bobic

Posted: 05/12/2014 11:30 am EDT Updated: 05/12/2014 3:59 pm EDT

Timothy Geithner had some critical words for Sen. Elizabeth Warren (D-Mass.) in a new memoir reflecting upon his time as treasury secretary before and after the 2008 financial crisis.

The book, entitled "Stress Test," recounts Geithner's thoughts and interactions with members of the Obama administration as it sought to repair the nation's financial system and subsequently implement the Wall Street reforms commonly referred to as Dodd-Frank.

Warren, at the time a consumer advocate and law professor who ran Congress' TARP oversight panel, was briefly considered the top choice to lead the Consumer Financial Protection Bureau. Due to concerns that a polarizing, progressive choice would not be able to muster enough Democratic support in the Senate, she was instead given the job of creating the agency under the auspices of Geithner. In her own book, she said she nearly turned the post down because she was worried, in part, about interference from the treasury secretary.

“They didn’t want to vote for a controversial liberal at a conservative moment,” Geithner wrote about Warren. “They were also worried about the intense opposition in the business community.”

[font size=1]-snip-[/font]

Read more: http://www.huffingtonpost.com/2014/05/12/tim-geithner-warren_n_5310503.html

[SamKnause]

1. The entire world has harsh criticism for Tim Geithner

and President Obama for selecting him.

[laundry_queen]

2. + a million. nt

[djean111]

3. I consider Geithner's criticism is a compliment.

Entitled ass.

[Scuba]

4. "Controversial liberal". What an asshole.

[KoKo]

5. a "Controversial Liberal at a Conservative Moment"

What "Conservative Moment?" Obama was voted in by Conservatives?

[el_bryanto]

6. Perhaps what he means is that it was a conservative moment on wall street

He's a wall street guy; so he probably believes that at that moment, Wall Street was chastened by the failure of all the new baffling complex investment vehicles they had invented which had subsequently blown up. They didn't need to be regulated by Elizabeth Warren because they were already in a "conservative" frame of mind, and unlikely to make the same mistakes.

Of course that's a pretty self serving narrative; while it's true that perhaps at that specific moment Wall Street was less inclined towards fanciful investments, in the same sense that everybody is a good driver for a few weeks after they are in an accident, they would return to their reckless ways soon enough. And I'd feel a lot better with Warren overlooking their "innovations."

Bryant

[Jefferson23]

7. I wonder if he even realizes he should just shut the hell up. When he speaks he gives fuel to his

long history of failures. This does not serve him, who the fuck does he think he is fooling any longer?

snip*“Her [bailout] oversight hearings often felt more like made-for-YouTube inquisitions than serious inquiries,” Geithner wrote about Warren, according to The Hill. “She was worried about the right things but she was better at impugning our choices — as well as our intentions and our competence — than identifying any feasible alternatives.”

Omg, just stop it already.

[Nye Bevan]

8. He refused to put on his seat belt when she told him to.

Warren also wrote about Geithner in a memoir released in April, recalling a day he took her out to lunch:

“Like a bossy third-grade teacher, I looked at him and said, ‘Put on your seat belt, Mr. Secretary,’?” Warren writes. “Like a naughty kid, he looked back and said, ‘I don’t have to.’?”

They continued arguing the point, and Warren thinks she raised her voice.

“He didn’t put on his seat belt all the way to the restaurant,” she writes. On the way back, after debating the role of government in the financial markets, he did put on his seat belt.

Not wearing a seat belt is really, really dumb.

[Liberalynn]

9. This makes me love her all the more

[WhiteTara]

10. I have harsh words for Timmy.

F You, you sellout.

[MisterP]

11. hence we have to be careful of Happy-Clappy Brigadists "seeing the light"

and finding that they can reach the front page by praising Warren, Gore, and Sanders up the wazoo--"iraqbrother," "peachcoppice"

[KittyWampus]

12. pretty misleading headline. Unless there's something else he said. Cause the quote given

sure doesn't sound critical at all.