Barney Frank Defends Timothy Geithner Over Libor Scandal, Blames George W. Bush

Rep. Barney Frank (D-Mass.) would like you to know that the Libor scandal isn’t really Timothy Geithner’s fault.

Frank, the co-author of the Dodd-Frank financial reform legislation, rushed to Geithner’s defense on Wednesday during Geithner’s testimony at a House Financial Services Committee hearing, blaming the less-than-agressive response of U.S. policymakers on Republicans.

“I do want to remind people that this all happened under the administration of President Bush,” Frank said on Wednesday, according to National Journal. “The notion that this was all the problem of the president of Federal Reserve of N.Y. is frightening.”

View More 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s