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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (32600)2/12/2009 2:40:03 AM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: "state something which is contradictory to everything out there with authority"

Can't help what you *perceive*.

Still, facts are facts:

Geithner, as head of the NY Federal Reserve Bank, was both part of the government at the time and Paulson's designated #2 guy on the financial crisis --- fulfilling the historically traditional role for all leaders of the NY Fed.

Timothy F. Geithner became the ninth president and chief executive officer of the Federal Reserve Bank of New York on November 17, 2003.

The US Federal Reserve:
www.federalreserve.gov/

New York Federal Reserve Bank:
newyorkfed.org

The Federal Reserve System is an independent government institution that has private aspects.

The members of its Board of Governors are appointed for 14 year staggered terms (by the President).


...is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (government entity with private components) banking system[1] that comprises (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. As of February 2006, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System. Donald Kohn is the current Vice Chairman of the Board of Governors of the Federal Reserve System.





en.wikipedia.org
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