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NYT: Geithner And Summers "Have Played Central Roles" In Provoking Crisis [View All]

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LittleApple81 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 01:01 PM
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NYT: Geithner And Summers "Have Played Central Roles" In Provoking Crisis
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(via Huffington Post)

http://www.nytimes.com/2008/11/25/opinion/25tue1.html?p...

Editorial
Mr. Obamas Economic Advisers

....
Both men, however, have played central roles in policies that helped provoke todays financial crisis. Mr. Geithner, currently the president of the Federal Reserve Bank in New York, also has helped shape the Bush administrations erratic and often inscrutable responses to the current financial meltdown, up to and including this past weekends multibillion-dollar bailout of Citigroup.

Given that history, the question that most needs answering is not whether Mr. Geithner and Mr. Summers are men of talent obviously they are but whether they have learned from their mistakes, and if so, what.

We are not asking for moral mea culpas. But unless they recognize their past mistakes, there is little hope that they can provide the sound judgment and leadership that the country needs to dig out of this desperate mess.
....
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