Skip to comments.Ron Suskind Book 'Confidence Men': Tim Geithner Ignored Obama Order On Banks
Posted on 09/16/2011 8:31:25 AM PDT by tomd2
A new book offering an insider's account of the White House's response to the financial crisis says that U.S. Treasury Secretary Tim Geithner ignored an order from President Barack Obama calling for reconstruction of major banks.
According to Pulitzer Prize-winning author Ron Suskind, the incident is just one of several in which Obama struggled with a divided group of advisers, some of whom he didn't initially consider for their high-profile roles.
Suskind states that Obama accepts the blame for mismanagement in his administration while noting that restructuring the financial system was complicated and could have resulted in deeper financial harm. One of the major complaints about Obama's administration is that it was too easy on major financial institutions, including Citi. The president had wanted Treasury officials to focus on a proposal to dissolve the bank, but no plan was ever created, the book states.
(Excerpt) Read more at forbes.com ...
With jucie stuff like this, the press is calling it just normal dissention. If it was Bush's economic team, it would be the lead item and they would repeat it hundreds of times. Should be called "Con Job."
That's probably why Obambi wanted to do it.
“Obama calling for reconstruction of major banks”
“reconstruction” sounds like code for grand larceny to me.
Must be largely fictional; Obama would never take the blame for anything.
yup, they are the National Socialist Workers Party. The jewish voters in NY9th figured it out. Hopefully the country will realize the same before they do to our country what they did to Germany.