Eliot Spitzer: Geithner, Bernanke “Complicit” in Financial Crisis and Should Go

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Democracy Now!
Dec. 4, 2009

Eliot Spitzer: Geithner, Bernanke “Complicit” in Financial Crisis and Should Go

In an extended interview, we speak with former New York governor Eliot Spitzer about the financial crisis and how it was handled by Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner. Bernanke and Geithner “actually built and participated in creating the structure that now has collapsed,” Spitzer says and calls on them to be replaced. Spitzer also talks about the scandal that erupted last year that forced him to resign as governor. “I have no doubt there were many people who were opposed to me, very powerful forces, who were happy to see me go,” Spitzer says. “Whether they participated, I’ll let others figure that out. I resigned because of what I did.” [includes rush transcript]

media.libsyn.com/media/democracynow/dn2009-1204-1.mp3

via Eliot Spitzer: Geithner, Bernanke “Complicit” in Financial Crisis and Should Go

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from the archives:

Eliot Spitzer: The real scandal at AIG is the not the bonuses. It’s the payments to counterparties. + The feds must investigate

Predatory Lenders’ Partner in Crime by Former NY Gov Eliot Spitzer