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PrintApril 6, 2009
Geithner to Private Business Owners: 'You're Fired'
Secretary Timothy Geithner may not pay his own taxes. But he is willing to fire people in private business who don’t spend the taxes that the rest of us pay according to his wishes.
Geithner was on “Meet the Press” yesterday and Bloomberg reports Geithner’s overriding concern for our (not his) tax money thus:
Treasury Secretary Timothy Geithner said he’s prepared to oust executives and directors at banks that require “exceptional” assistance from the U.S. government.
“If in the future, banks need exceptional assistance in order to get through this, then we will make sure that assistance comes,” while ensuring taxpayers are protected, Geithner said yesterday in an interview on the CBS “Face the Nation” program. “Where that requires a change in management and the board, then we will do that.”
“Where we’ve had to do exceptional things,” the government has replaced management and boards, Geithner said.
“If in the future, banks need exceptional assistance in order to get through this, then we will make sure that assistance comes,” while ensuring taxpayers are protected, Geithner said yesterday in an interview on the CBS “Face the Nation” program. “Where that requires a change in management and the board, then we will do that.”
“Where we’ve had to do exceptional things,” the government has replaced management and boards, Geithner said.
If that doesn’t sound like a one-man economic dictatorship … I don’t know what does.
