Friday, August 28, 2009

Timothy Geithner - The Wall Street Journal.

In an interview released today by Digg and the Wall Street Journal, Treasury Secretary Timothy Geithner was pressured about the growing popular movement to Audit the Fed spearheaded by Texas Congressman Ron Paul. A visibly uncomfortable Geithner attempts to dismiss the question by stating "I'm sure people understand that you want to keep politics out of monetary policy." When Geithner is again pressed on the issue, he makes the stunning assertion that conducting an audit of the Federal Reserve—something never before done in its 96 year history—is a "line that we don't want to cross," proclaiming that such a move would be "problematic for the country." Watch the interview in the player below:

The question period has ended and we posed the top questions to Treasury Secretary Geithner for our 9th installment of Digg Dialogg. The Wall Street Journal's Deputy Managing Editor, Alan Murray, posed the top questions from the Digg Community below!



Top 5 Questions:

Why has the federal reserve bank never been audited? (+1133 diggs, submitted by Borez)

Goldman Sachs is a large, profit seeking company which you were/are a part of. Isn't it a conflict of interest to funnel tax dollars into this private company using your new power as Secretary of the Treasury, keeping in mind that you and your old buddies benefit monetarily? Maybe I'm mistaken, but isn't this a textbook example of political corruption? (+729 diggs, submitted by larryjr88)

What is your position on Ron Paul's House Resolution 1207? (Which as of the writing of this question has 282 cosponsors.) http://www.auditthefed.com/ (+713 diggs, submitted by Motobike_man)

You failed to pay some of your federal taxes in 2001. And in 2002. And in 2003. And in 2004. Please explain. (+690 diggs, submitted by zwendkos)

How do you feel about the revolving door between high job positions in the treasury and Goldman Sachs? (+581 diggs, submitted by keythb)

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