CBS Report
Several reports yesterday that Timmy Geithner is headed for a rubber room. He doesn’t understand why the people charged with enforcing securities law and financial regulation can’t just make up the law as they go along the way he does.
I met Mary Shapiro while working at NASDAQ. I don’t think you’ll find a more level-headed honest competent person who understands the Securities business. Many of the things Geithner has already done would land a lesser man in jail for market manipulation and insider trading – not to mention being a tax cheat. He’s getting on very thin ice.
The world is finally waking up to the Goldman Sachs connections to the events of the past year (and the past century) and Mr Geithner is making himself the point man for the coming showdown.