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NEW YORK — A new book offering an insider's account of the White House's response to the financial crisis says that U.S. Treasury Secretary Tim Geithner ignored an order from President Barack Obama calling for reconstruction of major banks.
According to Pulitzer Prize-winning author Ron Suskind, the incident is just one of several in which Obama struggled with a divided group of advisers, some of whom he didn't initially consider for their high-profile roles.
Suskind interviewed more than 200 people, including Obama, Geithner and other top officials for "Confidence Men: Wall Street, Washington, and The Education of A President," which will be released Sept. 20. The Associated Press purchased a copy on Thursday.
The Rest of the Story...
http://www.huffingtonpost.com/2011/09/15/tim-geithner-ignored-obama...
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Comment by Sharon on September 16, 2011 at 9:10pm Yea right. You'll have to read this take on it by Ives Smith of Naked Capitalism. I received a card in the mail from Michelle Obama asking for a donation. No way!
http://www.nakedcapitalism.com/2011/09/latest-obama-lame-excuse-my-...
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