Tags: Timothy Geithner | Elizabeth Warren | bailout

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

By Drew MacKenzie   |   Monday, 12 May 2014 02:41 PM

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.

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