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Geithner, Paulson, Bernanke Don't Deserve Our Praise
Posted at 1:30 p.m. on Dec. 12, 2012
Cullen Roche takes issue with tendency of some pundits to praise former Treasury Secretary Hank Paulson, Treasury Secretary Timothy Geithner, and Federal Reserve Chairman Ben Bernanke for their response to the 2008 financial crisis.
“Paulson was in charge of Goldman Sachs, the lead horse during one of Wall Street’s greatest speculative run-ups ever. Geithner played a key role at the NY Fed, an agency designated as one of the primary regulators of the very banks who nearly imploded the economy. And then there was Ben Bernanke who was utterly asleep at the wheel as he drove the economy off a cliff in 2008.”
“I don’t know about you, but when someone burns down your neighborhood, then helps rebuild it, you don’t turn around and praise them for their good work.”
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