Friday, March 6, 2009

Not yet ready for prime time

Geithner has been criticized for staffing his department too slowly as it grapples with a banking crisis that has crippled the economy. Uncertainty about Treasury staff also has unnerved financial markets.

Five weeks into his tenure, he has yet to name a single top deputy or assistant secretary. This has left Treasury with too few people authorized to make decisions or represent the department in meetings with stakeholders.

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But at a Senate hearing Thursday about failed insurance giant American International Group Inc. -- which has received four separate bailouts totaling more than $170 billion -- Sen. Chris Dodd said he had asked Treasury for someone to appear, but that no one was available.

"I am not pleased that we don't have someone here from Treasury to explain what their role in this is," Dodd said.

In the two-time tax cheat’s defense, though, we can’t blame anybody for not wanting to be in the same room as that tool, Dodd.

A nice wrap-up here from KT on the amateur hour we have gotten ourselves into.

But, damn, if Michelle doesn't have some awesomely-toned deltoids.

1 comment:

K T Cat said...

Thanks for the link! I think I'm going to stick to catblogging, flowers and sunsets for the weekend. In the meantime, dig this.