It's critically important. I'll give you an example of how to--if the Congress extends those tax cuts that go to 2 percent of the most fortunate Americans in the country, we have to go borrow $1 trillion over 10 years.
Geithner emphasizes the financial irresponsibility of extending tax cuts for the wealthy.
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executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.
When Timothy Geithner says today that he's willing to go over the cliff, he's saying it because, yes, it's posturing. But he's also saying it because he means it.
If you call into question the willingness of the Government of the United States to meet its obligations, you will shake the basic foundations of the entire global financial system.
One of the most important things the Congress did is to say, 'We're going to establish a level playing field across banks and nonbanks.'
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