Rick Santelli calls out Geithner

Some refreshing skepticism from Rick Santelli on CNBC; he calls out Treasury Secretary Geithner for saying that the US is not monetizing its debt. He falls back on the idea that the Fed is strong and independent, so the government is not calling the shots, instructing the Fed to buy the debt. But given the blurring of lines between the Fed and the Treasury in the last 15 months (since Bear Stearns imploded), that case is not as clear-cut as it once was.

Rick suggest either Geitner either did not understand the question (scary) or lied (even scarier)…Given the dollar’s extended dive today, the market clearly agrees.