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Geithner under fire still

February 20, 2010 - Mike Maneval

Robert S. McElvaine, professor of Millsaps College, calls for President Barack Obama to adopt the themes of Franklin Delano Roosevelt's 1936 campaign and its cautions against business collusion, speculation and "reckless banking" in a Huffington Post blog update Saturday. McElvaine emphasizes what he describes a failure by the administration to "make a clean break" from Wall Street.

And the flash-point for such a clean break, in McElvaine's view, would be replacing the Wall Street insider currently running the Department of the Treasury, Timothy Geithner.

It had not been a good week for Geithner, with Republican Congressman Darryl Issa of California pressing the Federal Reserve to release more documents detailing how the Federal Reserve Bank of New York leaned on American International Group to obscure details of the bailout. Geithner was a leader of the bank at the time.


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