Sheila Bair: 'Tim Geithner Was The Problem'

Oct 3, 2012 at 3:37 PM
DailyBail in Bank Bailouts, bailouts, banks, citigroup, geithner, sheila bair, sheila bair, tim geithner, video

Sept. 26 -- Former FDIC Chairman Sheila Bair talks with Bloomberg's Betty Liu about her frustration with U.S. Treasury Secretary Timothy Geithner.

"Citigroup and Merrill Lynch were both clearly insolvent."

Here's what we've learned so far from Bair's book:

• Bair wanted Volcker for Treasury Secretary.
• Geithner loves Citigroup.
• Blankfein wasn't playing team ball until Bair called Buffet to complain.

 

Article originally appeared on The Daily Bail (http://dailybail.com/).