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.”