We expressed concern about this specific provision, because we wanted to make sure it was strong enough to survive legal challenge.
Tim Geithner: “We expressed concern about this specific provision, because we wanted to make sure it was strong enough to survive legal…”
Editor's note · Context
Geithner discusses the concerns raised by the Treasury regarding a provision in the stimulus bill that allowed AIG bonuses.
Share
More from Tim Geithner
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.
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.
executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.
The things that are burdening the economy, making growth weaker are things that only Congress can solve.





