wall street

Obama pick for treasury secretary tells Senate: Trillions for the banks, austerity for the people

By Patrick O’Connor, 22 January 2009 Published on World Socialist Web Site

President Barack Obama's nominee for treasury secretary, Timothy Geithner, testified Wednesday at his confirmation hearing before the Senate Finance Committee. Without providing specific details, Geithner said that he and the White House economic staff were working on a plan involving a handover to the banks of enormous sums, potentially trillions of dollars, in additional public funds.

DENNIS KUCINICH TELLS THE TRUTH...


Bail Out Mainstreet