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Wednesday, January 21, 2009

Geithner Confirmation Today

by Calculated Risk on 1/21/2009 09:39:00 AM

Here is the CNBC feed. (starts at 10 AM ET)

Here is the CSpan2 feed

From the NY Times: Tough Questions Expected for Geithner Today

The Senate Finance Committee hearing is scheduled to begin at 10 a.m.
Here’s a quick look at the tough questions that Mr. Geithner is likely to confront:

How will he use the second tranche of $350 billion in federal bailout money from the Troubled Asset Relief Program, or TARP?

Is the Obama administration likely to come back for even more bailout money? ...

How much additional regulation of the financial system, including hedge funds and private equity, does he think is needed?

As president of the Federal Reserve Bank of New York, he had oversight of banks like Citigroup. How does he grade his own performance?

Why was Lehman Brothers allowed to collapse in September? And why was American International Group saved by the government only 48 hours later?

Why didn’t the Treasury and the Federal Reserve act more aggressively to stabilize the financial system after the downfall of Bear Stearns last spring?