Tim Geithner: “In what fantasy world do we double our gross debt to $26 trillion and then say we are not adding to the debt?”

Executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.

I definitely believe that Dodd-Frank has put us in a much stronger position than we were before the crisis.

Absolutely. Yes, again, we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2 percent of the wealthiest Americans.

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.