White House press secretary Robert Gibbs attempted to deflect blame for the AIG bonus scandal away from the Obama administration by reminding reporters that Treasury Secretary Tim Geithner inherited a bad situation and had to make the best of it when he took over from the Bush administration.
“The Secretary of Treasury did as much in his legal power at the time to lessen the impact of what we all understand is outrageous,” Gibbs said during a Tuesday afternoon press conference. “Let’s make sure that everybody understands that there was a change in administration between September of 2008 and what we were talking about sometime last week,”
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This video is from MSNBC’s News Live, broadcast Mar. 17, 2009.