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.
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I definitely believe that Dodd-Frank has put us in a much stronger position than we were before the crisis.
I do not believe there is a credible argument to make that uncertainty about our fiscal deficits or uncertainty about the design of regulation in Washington today is having a material adverse effect on the American economy today.
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.
The only way to restore fiscal responsibility and still preserve the commitments we need to make to our retirees and national security, is by a modest increase in the effective tax rate for the Americans who are in the best position to…





