My fellow Americans, please kindly fetch your pitchforks and burning torches.
We're heading over to Tim Geithner's place…
Treasury Secretary Timothy Geithner told CNN Thursday his department asked Sen. Chris Dodd to include a loophole in the stimulus bill that allowed bailed-out insurance giant American International Group to keep its bonuses.
In an interview with CNN's Ali Velshi, Geithner said the Treasury Department was particularly concerned the government would face lawsuits if bonus contracts were breached… Geithner told Velshi Thursday he takes full responsibility for the situation.
What's the appropriate etiquette in such financial matters? Drawing and quartering or burning at the stake?
Oh, can we do both? I wish we could do both.
Tags: AIG, Chris Dodd, Economy, Obama Administration, Senate, Timothy Geithner