Which Geithner News Today

And new, today, we are seeing a memo the treasury secretary geithner said years ago, back when he was head of the new york fed, fox business network got a copy of it, and it suggests that officials knew there was something trning going on in the interest rate market at that time. this all goes back back to barclays in britain, after they admitted they lied of the interest rates they pay to borrow money from other banks. that affected what all of us paid on our loans, credit cards, mortgages, car...

Bank internal and external auditors confirm adherence to the best practices and attest to the accuracy of banks libor rates. >> bank stocks, prophets, could take another big hit if there are huge penalties but the macro impact are not going to be that big. there is an irony, and that is, in fact, to the extent that the rate fixing kept interest rates low, say, in 2008 and 2009 that could have helped the economy. >> bank of england, which geithner contacted back in 2008, said today that concerns ...

-- in the sons 10.2 years. there is pent up demand. look, we have ineffective government, not focused on the solutions we need. >>eric: do they understand what is going on? we talk about geithner saying welcome to the recovery. this is the third summer of recovery, right? >>guest: i thought it was a head fake. the tarp legislation certainly helped mitigate a crisis in terms of the markets but it did not help the economy rebound. all of the things that we are seeing today were predictable. rather...