Weekend Video: A Conversation with Tim Geithner at CFR
This video from yesterday’s Council on Foreign Relations symposium gives Treasury Seretary Tim Geithner a chance to explain why he has constructed his bailout plan in the way he has. Rather than editorialize the video, I will provide it without comment. I do suggest you watch it if you want to develop a well-informed view on his bailout package.
Just after the 23 minute mark, they open it up to questions, the first one being how Geithner sees the liquidity versus solvency issue. The second questions is equally interesting: are we socializing risk and privatizing profit here?