A Bad Week:Left and Right Calls on Tresuary Secretary Geithner to Resigns; He Refuses

Politicians both Democrats and Republicans the House Financial Services Committee don’t agree on much except the removal of Federal Reserve Bank Chairman Timothy Geithner.  Geitner and Congressman Brady(R-TX) had a shouting match.

On Thursday, The House Financial Services Committee voted 43-26 on a bill sponsored by Rep. Ron Paul(R-Tx) that would give the Government Accounting Office expand is  investigative  power over The Federal Reserve in reviewing interest rates  and lending to each bank. The Fed opposed the bill saying the bill threats the bank ability to set monetary policy.

On the other side of the Capitol, The Senate Banking Committee is discussing eliminating the power to oversee banks in US.

Wall Street Journal has the rest of the story.


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