january 2009, he inherits the crisis. congratulations. we re in an era where the economy is about to suffer its worst downturn since the 1980s. the banking system, the worst downturn since the great depression. with a new party in charge, a confrontational warren continues to ratchet up the pressure on government officials. she s relentless in her questioning of timothy geitner. you are telling me these obligations, the financial instruments that are bought by very sophisticated parties are treated effectively like deposits in checking accounts. they ended up with 100 cent on the dollar government guarantees. because there were they never paid. first of all, there is no other way in the context of that storm to protect the economy from that failure. warren drove him crazy. she s not the only one to criticize tim.
crisis. congratulations. we re in an era where the economy is about to suffer its worst downturn since the 1980s. the banking system, the worst downturn since the great depression. with a new party in charge, a confrontational warren continues to ratchet up the pressure on government officials. she s relentless in her questioning of timothy geitner. you are telling me these obligations, the financial instruments that are bought by very sophisticated parties are treated effectively like depo t deposits in checking accounts. they ended up with 100 cent on the dollar government guarantees. because there were they never paid. first of all, there is no other way in the context of that storm to protect the economy from that failure. warren drove him crazy. she s not the only one to criticize tim.