Tim Geithner, CNBC and the second coming of known unknowns

[Mari333]

By Arianna Huffington

Tribune Media Services
Updated: 03/13/2009 05:53:36 PM MDT

A formerly famous and now mostly forgotten poet of nonsense verse once said: "There are known knowns. There are things we know that we know. There are known unknowns . . . there are also unknown unknowns."

That was, of course, Donald Rumsfeld, but it doesn't sound too different from your average briefing/Congressional testimony/interview by Timothy Geithner. Besides being awash in toxic paper, credit default swaps, and collateralized debt obligations, we seem to be drowning in unknowns. Only, I get the sense that there are fewer unknowns than we're being told.

While we're rewarding the risk-taking shareholders of various zombie banks -- not to mention the mysterious, unconfirmed counterparties to AIG's serial recklessness -- how about rewarding the taxpayers, if not with an actual return on our bailout investment then at least with information about what exactly is being done with our money? It's time to call in all the unknowns.


















http://www.sltrib.com/opinion/ci_11907478

[glowing]

1. Agree, lets get it all out in the open.. No more lies. Govt neds to level with us.

The unknowns is making it hard for people to judge how much to budget for in their own lives. The govt protecting us from the truth or trying to hide the truth will only make the recession/ depression last longer. We need to know what's going on and then have a discussion on how we ALL would like to proceed.