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Politics : View from the Center and Left

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To: Katelew who wrote (103769)2/10/2009 8:36:31 PM
From: Bread Upon The Water  Read Replies (1) of 542152
 
K: Also was discouraged by Geithner's lack of gravitas.

V: Yes, he sounds and looks like some grad student. But then again maybe it's becaue we're---er uh--I mean--I'm older.

K: One was that he basically admitted that many of our largest banks are indeed insolvent and that he's going to rip the kimonos off them and expose their balance sheets

V: I got the impression that was the last thing he wanted lest the illusion that things were really, with some help, viable concerns would be totally negated--cause a financial panic even. This was late in his testimony-after 4PM EST.
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