Tags: Timothy Geithner | Elizabeth Warren | bailout

Geithner's Book Attacks Sen. Warren's 'YouTube Inquisitions'

Monday, 12 May 2014 02:41 PM

By Drew MacKenzie

Former Treasury Secretary Timothy Geithner has slammed Democratic Massachusetts Sen. Elizabeth Warren in his new book, "Stress Test," for burnishing her image while attacking his office during the financial crisis, according to The Hill.

Geithner wrote that Warren often questioned Geithner during committee hearings about Treasury decisions. But he claimed that the sessions were more about drawing attention to herself than getting real answers to the government’s bailout problems.

"Her bailout oversight hearings often felt more like made-for-YouTube inquisitions than serious inquiries," he wrote. "She was worried about the right things, but she was better at impugning our choices — as well as our intentions and our competence — than identifying any feasible alternatives."

His criticism of Warren comes a day after it was revealed that Geithner says in his book that Mitt Romney's top economic adviser, R. Glenn Hubbard, told him that the former Republican presidential nominee favored raising taxes if he were elected. Hubbard has denied the claim.

Warren, a former Harvard Law professor specializing in bankruptcy law, grilled Geithner after she was tapped to be the head of the Congressional Oversight Panel, created by Congress to monitor the bailout programs.

She was also widely credited with creating a new government agency, the Consumer Financial Protection Bureau, which was designed to protect consumers in the financial marketplace, The Hill reported.

Saying that he had a "complicated relationship" with Warren, Geithner revealed that Republicans and some Democrats were opposed to Warren getting the position.

"They didn’t want to vote for a controversial liberal at a conservative moment," he wrote. "They were also worried about the intense opposition in the business community."

Eventually, Geithner and Treasury officials came up with a compromise that Warren would be the new agency’s acting head while it was built.

In the book, Geithner admits he was annoyed that she then proceeded to steal away some of his Treasury staffers while also criticizing his department's actions in other areas, The Hill reported.

"She was unapologetic when my team finally confronted her about it," Geithner wrote.

The president went on to name Richard Cordray as the head of the agency, while Warren became a freshman senator in 2012.

Related Stories:

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Italian Newspaper: 173rd Airborne Brigade Heading to Ukraine to Train Forces

Saturday, 31 Jan 2015 12:32 PM

American soldiers from the 173rd Airborne Brigade at Camp Ederle in Vicenza, Italy, are expected to be leaving the base  . . .

Romney's Exit Unleashes Race for Donors Among 2016 Hopefuls

Saturday, 31 Jan 2015 11:46 AM

Mitt Romney's exit from the presidential campaign has unleashed a frenzy of fresh fundraising and set off a new race for . . .

Rep. Lynn Jenkins: Obama Must Protect College Savings Accounts

Saturday, 31 Jan 2015 10:41 AM

Rep. Lynn Jenkins, in Saturday's GOP address, called on the president to protect college savings accounts, not go throug . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved