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Fire Tim Geithner

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  • Description

    Barofsky says Geithner cares more about Wall Street than middle-class Americans.

  • Duration 2:47
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Has Tim Geithner us Treasury Secretary in your opinion failed the American taxpayer absolutely I think without question.

He was his decisions mean they had a huge pool of money hundreds of billions of dollars that they -- used to effect to keep the promises that they made.

To fulfill the mandate that congress did when they passed of the TARP bill and and to help homeowners to help small business help get the money back into the economy.

In time and time again if you need a conscious choice.

Not to fulfill those promises and you look at where the economy is today you look where that the ongoing foreclosure crisis.

You look at the sluggish recovery.

-- -- to meet all that comes back to the decisions and policy choices of Tim Geithner and I think he's felt.

Should the president have fired him when there was talk that he was going to be part.

I think there's a strong argument that perhaps he never should have hired in the first place.

I -- he was part of the regulatory failure that produce the financial crisis is president of the New York fed.

And I think certainly given the policy choices.

He he there's a strong case that he should have been fired but you on the other hand.

It's not as -- he was making these decisions in a vacuum and I have no reason to believe.

That the White House wasn't behind all these policy decisions as well so immediately I don't -- of fired him because.

This was what they wanted to accomplish in the first place do you -- the president.

Specifically accountable is absolutely I mean ultimately when I was running -- -- my agents -- my auditors did something wrong.

I didn't go to congress and say book.

This guy in the state but it's not my fault when -- the chief executive whether it's accompanied agency or country knew what happens and your -- is is is your responsibility.

And certainly the president was on notice about the -- of these policies.

It from nothing else the repeated reports that we put out and that others put out.

Which we know he's confronted with them during a press conference.

The White House it's not like he wasn't aware of these failures.

And the fact that they weren't fixed I mean he of course bear responsibility for the is it enough that the US so voters and should fire the president.

You know that's a big decision for the US voters to make it comes come November that he ignored.

That you just that the administration.

Was responsible for these failures -- treasuries seems to me that's pretty good look I think any voter -- to take into account.

The failures to deal with these issues and failures to fill these promises when they -- into the voting -- the ultimate decision I have to make is is whether they're going is he's -- two.

Elect someone -- vote for someone who's going to continue has essentially broken status quo.

Of the financial system that enables these too big to fail institutions and as of right now.

Neither candidate has come out and advocated for breaking up the banks the type of reform that we really need so we don't have another financial crisis.

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