Tuesday, April 21, 2009

Geithner Testifies

by Bill McBride on 4/21/2009 10:25:00 AM

From the WaPo: Geithner Faces Oversight Grilling

Treasury Secretary Tim Geithner is testifying before a congressional oversight committee headed by Elizabeth Warren, the overseer of the bailout, underway right now.

Warren is setting the tone of the hearing, telling Geithner that Americans are "angry" at how the bailout has been administered so far, by both Geithner and his predecessor, Hank Paulson.

"People want to see action in terms that make sense to them," Warren said, is Geithner nodded solemnly.
Here is the text of the letter describing the bailout.

Here is the CNBC feed.

And a live feed from C-SPAN.