Inhofe and Geithner
In a speech on the Senate floor last week, Sen. Jim Inhofe, R-Tulsa, said he has stopped blaming former Treasury Secretary Hank Paulson for the financial bail-out that has kept AIG and some big banks awash in federal funds. Inhofe said he now blames current Treasury Secretary Timothy Geithner, who was the head of the New York branch of the Federal Reserve Bank when the bail-out was proposed and approved.
This story in the New York Times shows how close Geithner was with some of the major players in New York’s world of finance.
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