Perpetual Treasury Roadshow Stops In London: Geithner Has The NY Fed NERVE To Criticize 'Light Touch U.K. Regulation' (BBC VIDEO)

http://tinyurl.com/4d53oyz

Video - U.S. Treasury Roadshow makes a pit stop in London

Watch the hands; they are key to understanding Geithner. The more stupid he assumes you to be, the more he will use them to explain arcane concepts, like failed Treasury auctions. Listen for the line about the U.S. having gotten rid of weak firms, and try not to spit out your morning beverage.

Treasury Secretary Tim Geithner made some waves in England today by scolding British regulators for their light touch, which he says added to the turmoil of the global financial crisis. Speaking to the BBC, Geithner said that the strategy of luring financial activity to London away from New York gave the country's banking systems a unhealthily large share of the economy.

---

Geithner on Geithner...

PBS Video: Geithner on Finreg - Charlie Rose - July 22, 2010

Not sure how he keeps a straight face through the lies. He blames regulators in a general sense with no acknowledgement of the role he played as President of the New York Fed.

---