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Friday, November 20, 2009

Timmy Franz Geithner: I can't recall


What else is new?

When UBS said that they would take a haircut on the AIG swaps, Treasury Secretary Geithner says "he can't recall that."

Point 26 says "Secretary Geithner informed SIGTARP that while he has no reason to question the account of FRBNY officials regarding this meeting, he did not recall being informed that UBS had agreed to a conditional haircut. FRBNY officials who attended the meeting with Mr. Geithner, however, specifically recall briefing Mr. Geithner on the UBS offer."

You know who Timothy Franz Geithner reminds me of?