Comments on: Questions for Geithner http://www.ritholtz.com/blog/2008/11/questions-for-geithner/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 16:38:30 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: David Merkel http://www.ritholtz.com/blog/2008/11/questions-for-geithner/comment-page-1/#comment-128467 David Merkel Mon, 24 Nov 2008 20:01:34 +0000 http://www.ritholtz.com/blog/?p=10629#comment-128467 Biggest question for Geithner: You were the one appointed by the Fed to interface with Wall Street over derivatives issues. Why didn't you see the problems coming before they happened, and urge a change in policy before a disaster happened? Others did see it coming (Ron Paul, James Grant, and others), so what makes you so qualified to be Treasury Secretary when you failed at your most critical task? Biggest question for Geithner: You were the one appointed by the Fed to interface with Wall Street over derivatives issues. Why didn’t you see the problems coming before they happened, and urge a change in policy before a disaster happened? Others did see it coming (Ron Paul, James Grant, and others), so what makes you so qualified to be Treasury Secretary when you failed at your most critical task?

]]> By: Greg0658 http://www.ritholtz.com/blog/2008/11/questions-for-geithner/comment-page-1/#comment-128231 Greg0658 Sun, 23 Nov 2008 21:52:13 +0000 http://www.ritholtz.com/blog/?p=10629#comment-128231 Q1 - "....Is there a need for 12 regional banks now....."? From this numbskull (me) point of view and in the spirit of capitalism - imo the Regional Banks should be required to watch over their region and report on their regions trade and account deficits to the other regions and the world. Kinda like a Super Bowl of Regional Business structure. Promote financial investing inside their region with its own resources when possible. PayGo and Balance. Push for credit cards revenues and losses invested back into the region from within. 1> Consumer Balance 2> Corporate Balance 3> State Balance Q1 – “….Is there a need for 12 regional banks now…..”?

From this numbskull (me) point of view and in the spirit of capitalism – imo the Regional Banks should be required to watch over their region and report on their regions trade and account deficits to the other regions and the world. Kinda like a Super Bowl of Regional Business structure. Promote financial investing inside their region with its own resources when possible. PayGo and Balance. Push for credit cards revenues and losses invested back into the region from within.
1> Consumer Balance
2> Corporate Balance
3> State Balance

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