Monday, January 19, 2009
A Thought on the Bailouts and Timothy Geithner
It used to be the policy of banks, maybe still is, that if you overdrew your checking account, you were fired. If you couldn't manage your own money, you couldn't be trusted to manage the bank's.
This same policy should be applied to leaders of all the financial institutions that received bailout funds. They should be fired and replaced with people who can be trusted to manage the institution's money.
Likewise, Timothy Geithner failed to pay taxes and more. He failed to manage his money properly and his household employees. We need a Secretary of the Treasury who has shown better financial management skills, plain and simple.
This same policy should be applied to leaders of all the financial institutions that received bailout funds. They should be fired and replaced with people who can be trusted to manage the institution's money.
Likewise, Timothy Geithner failed to pay taxes and more. He failed to manage his money properly and his household employees. We need a Secretary of the Treasury who has shown better financial management skills, plain and simple.
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