Big Think

Richard Oakes on March 25, 2009, 5:59 PM

This is a great posting!
Geithner is a very impressive individual. The job he has to do is next to impossible, but see this makes me thing that he may just pull it off.
Of course Wall Street will never forgive him for saving them …

marcel lundberg on March 26, 2009, 7:52 PM

for the first time, just in watching this interview, I realize that the industry has TG by the marbles and will never work.

Check mate.

Tombt Key on March 27, 2009, 9:48 AM

The market does not know how to value toxic assets? Hmm. Then it is not a market, it is a failed system. A true “market” is always valuing assets, and is properly valuing toxic assets: At near zero (or even as “negative assets”).

How about the idea of NOT subsidizing the entities which deliberately invested in toxic assets, and simply permitting new banks to form and flourish, quickly replacing the failures?

Sean Walton on April 2, 2009, 4:52 PM

I’d like to hear more about how this will effect the idea of a global financial system, and how our problems can be ‘fixed’ by slowly creating this new international system. Maybe thats too much change, but since our world economy is already interconnected we should be talking about this, giving the people a great picture of the future.

The system is already working, if it weren’t for foreign dollars our system wouldn’t hold up. We wouldn’t have foreign dollars if it weren’t for the ideas of free markets expanding across the world. Giving ambitious Americans more access to worlwide markets, I feel, will inspire people to jump on board. Or is our lack of education holding us back?

Angel Jimenez on May 8, 2009, 3:50 PM

TG said something the other night on Charlie Rose. He vehemently stated that he didn’t think government should legislate executive compensation. I think TG was lying when he said that the reason he asked that bonuses be put back into the stimulus package was that Connecticut had some crazy-ass law about doubling contractual amounts if companies defaulted on the terms. I think he was acting out his own agenda and lied through his teeth to ward off public indignation. 

Question is, how else is this man lying to us.

TG, I don’t forget; I’m still working on finding the wording for that Connecticut statute you so conveniently used to cover your butt.