Politics
Out of context: Reply #5344
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- tommyo0
"When Timothy Geithner arrived for his confirmation hearing in Washington yesterday, nerve-jangled bankers on Wall Street glued themselves to the television, anxious to glean any insight into how the Treasury Secretary nominee plans to stabilize the country's precarious financial system.
But the only concrete thing they learned is that Mr. Geithner, who will also oversee the Internal Revenue Service in his new role, uses TurboTax to prepare his tax returns - and apparently not all that well.
As lawmakers lingered over this irony, and grilled Mr. Geithner over his failure to pay $34,000 (U.S.) in taxes dating back to 2001 (he has since paid it), economists and financial leaders were left guessing about the most crucial issue facing President Barack Obama: How will he respond to new fears about the health of major U.S. banks, and thwart what appears to be an escalating phase of the credit crisis?"
Wtf? Really? And wasn't it Obama who said that a lot of this financial crisis had to do with confidence? I agree with him on that point ... but, how does this help? I didn't pay my taxes for three years but I also wouldn't expect to be put in charge of the United States Treasury Dept.