Waters presses Geithner on connections to Goldman Sachs

By David Edwards
Tuesday, March 24, 2009 10:44 EDT
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Rep. Maxine Waters asked Secretary Geithner about his connections to Goldman Sachs at a House banking hearing today. Goldman Sachs is known to have received bailout money given to A.I.G. Goldman may have participated in the government decision to provide the original bailout money to A.I.G.

Geithner told Waters that Goldman Sachs could help manage the new program to help banks remove toxic assets from their books. “It is possible, if they are qualified,” he said.

Former Treasury Secretary Hank Paulson was once chief of Goldman. “Neither did it look good when Geithner — himself a protégé of notorious Goldman alum John Thain, the Merrill Lynch chief who paid out billions in bonuses after the state spent billions bailing out his firm — picked a former Goldman lobbyist named Mark Patterson to be his top aide,” writes Matt Taibbi in Rolling Stone.

This video is from CNN’s Newsroom, broadcast Mar. 24, 2009.

Download video via RawReplay.com

David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
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