Several members of the House Financial Services committee have made it a point to probe Geithner on all sorts of “shadowy” connections between Goldman Sachs and the AIG bailout. The implication is that the bailout was to primarily benefit Goldman. Maxine Waters gave Geithner the full Maxine Waters Treatment, hurling half-charges of which she herself did not have any fundamental understanding. Another Congressman inquired whether Ed Liddy were an appropriate choice for CEO of AIG because he was a board member at Goldman and therefore must have been involved in the valuing of credit default swaps…These guys don’t know, what they don’t know.
It is rare that I defend Tim Geithner but the Bozos on the Hill disgrace their constituents time and time again on national television with the complete ignorance of the subjects they are charged to oversee.