01.28.09
Geithner Receives Large Severance Windfall. Think He Will Pay Taxes On It?

Timothy Geithner received a $435,000 severance check from his old employer the New York Federal Reserve Bank, an “independent” governmental organization. Why should someone receive a check for quitting one governmental job to take a different government job? Especially when he sat on his hands as the New York Banking system melted down. Oh that’s right, he let it melt down as his new boss–Obama–was seeking the presidency. Now he is going to save the economy as the Treasury Secretary. Paying his fair share of his taxes would go a little way (at least symbolically) toward reducing the the $1,000,000,000,000.00 in deficit spending his boss is foisting upon the nation.