Treasury Secretary Tim Geithner appeared before the Joint Economic Committee today. One striking feature of Geithner's testimony was how partisan it was. In keeping with the Obama administration's mantra, he repeatedly tried to cast blame on the Bush administration while failing to acknowledge that when the financial crisis developed, he was the head of the Federal Reserve Bank of New York
I had lunch with Geithner a couple of years ago, when he headed the New York Fed and before the crisis developed. It was an odd encounter: he seemed to want to convey the impression that he was in the know and privy to deep secrets, and that he was wiser than the other leading figures responsible for economic policy. But he did this without ever saying anything substantive or even, frankly, very coherent. If he had any disagreement with the policies of the Fed or of the Bush Treasury Department, he never hinted at what they might be.
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