INSPECTOR GENERAL REPORT: Timothy Geithner Held The Door While Wall Street Robbed The Store

[Artwork by STEVE BRODNER] HUFFINGTON POST: A brutal report issued Monday by a government watchdog holds Timothy Geithner — then the head of the Federal Reserve Bank of New York and now the nation’s Treasury Secretary — responsible for overpayments that put billions of extra tax dollars in the coffers of major Wall Street firms, most notably Goldman Sachs. The authoritative new narrative describes how, while bailing out insurance giant AIG last fall, a team led by Geithner failed nearly every step of the way. Instead of bargaining with AIG’s numerous counterparties to resolve its billions of dollars in souring […]