Sec. Geithner Blasts at Stupidity and Greed as Cause of Financial Crisis

Promoting Entrepreneurial Revolution

An Obama Cabinet Official lambasts at stupidity and greed as the cause of the US financial crisis.  So a lot of people would be involved:  those who allowed cheap money to float around since the time of Clinton, the wall street geniuses who came out with derivatives, those who allowed the trading of the derivatives;  the regulators who allowed the rescuing the too big to fail businesses.  (are they friends of the cabinet officials)  And even past and present Presidents who allowed these financial events to take place.

l.  Do you agree with Sec. Geithner?

2. What really caused the financial crisis in the USA;

3.  What measures would be productive?  (Is this finger pointing, witch hunt stance productive)?

4.  Will Feds  jail the authors of the TARP, rescue packages, etc.  the regulators, auditors, IB at Wall St.?

5.  Before Sec. Geithner became an Obama cabinet secretary, wasn't he part of the team that arranged a rescue package for the "too big to fail Wall Street" behemoths, and therefore, his lashing out goes back to him?  Is he making sense?  Four years ago, I used to admire him... But now....


Sec Geithner Blames Stupidity and Greed