Watch Turbo Tim Geithner Attempt to Explain LIBOR Manipulation LIVE!

Timothy Geithner, who according to reports held a LIBOR fixing meeting with Fed officials in April of 2008 is currently appearing before the House Financial Services Committee to testify on the annual Financial Stability Oversight Council report given last week, and will likely face significant questioning regarding LIBOR manipulation.
We hope Mr. Geithner is able to keep his language slightly more proper than when interviewed by the SIGTARP inspector general.

Watch LIVE!

 

Treasury Secretary Timothy Geithner testifies before the House Financial Services Committee, Wednesday, about his agency’s annual report authored by the Financial Stability Oversight Council (FSOC).

The Council, created under the Dodd-Frank financial reform law, released its 2012 Annual Report last week. The report gives a review of the policies in the 2000s that led to the financial crisis.  It also provides an overview of the vulnerabilities and potential threats to the financial markets and how the agency plans to detect them early.

Among other findings, the report states that the nation’s financial system has rebounded since 2009, but still faces challenges due to stress in Europe.

This, the Council’s second annual report, is part of an ongoing process by the U.S. government to identify, interpret and mitigate future problems to financial stability.  Two years ago, President Obama signed consumer protection laws in response to the 2008 financial crisis.

The Treasury Secretary is also set to appear before the Senate Banking Committee Thursday on the FSOC’s annual report.

Watch LIVE on CSPAN3 after the jump:

Comments

  1. Go to the SGT Report and click on the video of Ron Paul’s audit the Fed. Forward to 2:24 and listen to Bernanke talk to congress about on Paul’s Audit the Fed and what it would mean for the GAO to basically scrutinize the Fed when it comes Interest rates. Now Bernanke & Geithner knew about Libor back in 2005. I could not get this video to play on Silver Doctors. 

  2. Geithner is a complete crook.  He is a sad example of the leadership in our country.  He is one of the reasons we have to accumulate silver.  Sadly, this country is a complete mess.  There is no hope other than to protect yourself.

    We are quickly running out of time to prepare for the collapse.  We all know that that the dollar is heading to zero.

    Its all sickening….. 

  3. The Obama campaign is desperate to ensure no scandal taint his re-election. The LIBOR scandal will strike the administration but Geithner’s leaving in hopes to deflect it from the POTUS. Turbo Tim knew about the manipulation and probably aided in it. He took the side of the international bankers and remained silent to the interests of this country. He abetted in a criminal activity in the delusion that “he” knew what was best for everybody. That is the telltale sign of a tyrant. The BHO admin is full of them.

  4. You have to understand Tim Geithner is a globalist.  He grew up oversees.  Went to high school in Thailand.  Worked for Henry Kissenger.  His father was Ford Foundation (which is it’s own separate discussion).  He speaks manderin.  However, the Chineese do not respect him.  There is a good video clip of Geithner speaking to a group of Chineese college students and they are laughing out loud at his presentation.

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