Tales from the Trail

from MacroScope:

Another kind of death panels

September 23, 2009

U.S. Representative Barney Frank has never been shy about expressing his opinions. His opening remarks at a hearing he chaired with Treasury Secretary Timothy Geithner on Wednesday was no exception. Frank poked fun at a political squabble over healthcare reform as he detailed his position on what to do about non-bank financial firms considered "too big to fail."

from MacroScope:

How to silence Larry Summers

August 11, 2009

White House economic adviser Lawrence Summers is rarely at a loss for words, which makes Tuesday's question-and-answer session at the National Press Club in Washington downright astonishing.

from Photographers' Blog:

Tim Geithner : What’s In Your Wallet?

May 22, 2009

What's in U.S. Treasury Secretary Timothy Geithner's wallet? Not much.

While testifying in front of a House Appropriations Subcommittee on Capitol Hill Thursday Geithner was shown a $50 Billion Zimbabwean bank note (rendered worthless by Zimbabwe's hyperinflation) by U.S. Representative John Culberson (R- TX) and asked if he had ever seen one himself. Geithner immediately pulled a piece of Zimbabwean currency out of his own pocket and showed it off to the committee. At the next break in the hearing I approached Geithner and asked how he happened to have a piece of foreign currency in his pocket. His response was "I often have some foreign currency in my wallet. Want to see?" He pulled a very thin and mostly empty wallet from his pocket.