Maxine Waters Grills Geithner on Goldman Sachs Ties
Rep. Maxine Waters (D-Calif.) grilled Treasury Secretary Timothy Geithner on Tuesday about the role of investment bank Goldman Sachs in various government efforts to prevent a collapse of the financial industry.
During a contentious hearing before the House Financial Services Committee, Waters asked Geithner to confirm that his predecessor was a Goldman Sachs CEO, then followed up by questioning whether the firm would be one of five asset managers in the just-announced Public-Private Investment Program.
"It is possible that if they are qualified we would consider them along with everyone else," Geithner said.
"You hear a lot about the dissatisfaction about the bonuses," Waters said, "but underneath all of this is a conversation about the linkages and the connections of a small group of Wall Street types that are making decisions."