After Helping Gordon Gekko Evade the SEC, Will Geithner Finally Now Be Fired?

After Helping Gordon Gekko Evade the SEC, Will Geithner Finally Now Be Fired?

by: David Sirota

Thu Jan 07, 2010 at 16:29

NOTE: I was going to post this tomorrow, but since the scandal is moving at light speed, I wanted to posted it right now as a follow on to Chris's rightfully enraged post, because the history of what's going on really explains how significant this story is. - D

Way back in May of 2009, I and others here at OpenLeft said President Obama needed to fire Treasury Secretary Tim Geithner because he was either lying or incompetent when it came to AIG. Per the norm, we were lambasted as part of the supposed fringe for saying this, just as we were lambasted for saying that the no-strings-attached bailout was a blatant giveaway to Wall Street. Now, while I'm not going to say "I told you so," I will note it's become more acceptable to say Geithner must be fired - especially after a new report that Geithner's New York Fed instructed AIG to refuse to disclose to SEC regulators some of the worst financial shenanigans surrounding the AIG bailout.

As I'll show using characters from the movie Wall Street, this kind of thing makes Gordon Gekko and Bud Fox's shenanigans look petty.