Calls For Geithner To Resign

It appears that Geithner may be history. Its curious that Republicans are all of a sudden referencing poll after poll as a catalyst for their patriotic American activity. Its politics, its hypocrisy.

McClatchy: Republicans berate Geithner, call for him to resign

"Conservatives agree that as point person, you failed. Liberals are growing in that consensus as well. Poll after poll shows Americans have lost confidence in this president's ability to handle the economy. For the sake of our jobs, will you step down from your post?"

US Department Of The Treasury: Secretary of the Treasury Timothy F. Geithner - Written Testimony before the Joint Economic Committee - Financial Regulatory Reform - November 19, 2009

Firms took huge risks with borrowed funds and little of their own capital at stake. They funded long-term, illiquid assets with cheap, short-term debt. This risky behavior migrated from the regulated and partially regulated parts of our financial system to the almost entirely unregulated parts, making it difficult for us to control or even gauge its dimensions.

The result was a financial system vulnerable to bubbles, panic and collapse.

And unfortunately, the regulatory regime that failed so terribly leading up to the financial crisis is precisely the regulatory regime we have today. That is why recovery alone is not enough. To ensure the vitality, the strength and the stability of our economy going forward, we must bring our system of financial regulation into the twenty-first century. We need comprehensive financial reform.