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Thursday, November 19, 2009

DeFazio: Fire Summers and Geithner for Their Failure and Their Fraud

Rep. Peter DeFazio (D-OR) on MSNBC's Ed Show:
"We think it is time [to] reclaim some of the unspent [TARP] funds... reclaim some of the funds that are being paid back… and we use it to put people back to work. Rebuilding America's infrastructure is a tried and true way to put people back to work...

"Unfortunately, the President has an adviser from Wall Street, Larry Summers, and a Treasury Secretary from Wall Street, Timmy Geithner, who don't like that idea… They want to keep the TARP money either to continue to bail out Wall Street... or to pay down the deficit. That's absurd...

"[L]ook back at the AIG scandal and Goldman and others who got their bets paid off in full...with taxpayer money through AIG. We channeled the money through them. Geithner would not answer my question when I said, 'Were those naked credit default swaps by Goldman or were they a counterparty?' He would not answer that question...

"[Obama] is being failed by his economic team… We may have to sacrifice just two more jobs to get millions back for Americans."




Encouraging. More like this, please.

1 comment:

Robin said...

DeFazio was one of the best things about living in Oregon. He constantly made me so very proud to have voted for him.