On "Larry King Live" Arianna Huffington said of the banks that "it's not about liquidity; it's about solvency." This statement rang incredibly true. But I also wonder that with a company like AIG, where we have already invested over $165 billion dollars, if their failure would have even greater consequences. Arianna also called for the removal of Geithner and Summers.
Prior to the President's arrival, Geithner was a part of the Fed before his appointment as Secretary of the Treasury and Summers, President Clinton's last Secretary of Treasury, was an advocate of deregulation. By the way, where are Senators Dodd (D) and Shelby (R)? Weren't they intimately involved in the AIG contract as the Chairman and Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs?
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