After announcing his plan yesterday to get bad assets off of banks' books, Sec. Geithner hit the airwaves yesterday to answer questions about the plan. He spoke with Kai Ryssdal of Marketplace, and reinforced statements from earlier in the day that , namely that this is just "part of a broader plan," and "we aren't doing this for the banks. We are doing this for the people who need banks." When Ryssdal asks what Geithner is watching to see whether the economy is turning around, Geithner answers "spending." Listen:
You can read a transcript of this interview here.
Geithner also spoke with CNBC's Erin Morris. For the most part, he stuck to the same themes, though the questioning was a little different. For example, he had to answer questions like "Does the administration believe that a key part of being American is for people to be entrepreneurs and be able to make as much money as they can on their own, or not?"
Morris also asked Geithner whether we can use his own effor to sell his house as an economic indicator. (Geithner's NY house is on the market, but Geithner responds that they aren't moving until the end of the school year). You can watch the full interview here, and read a transcript here.
Posted
03-24-2009 8:15 AM
by
Graham Griffith