Elizabeth Warren, the Harvard professor chairing the TARP oversight committee is now conducting hearing with Treasury Secretary Tim Geithner.  You can see it on CNBC.  She’s been profiled in a couple of places.  Here’s one

She’s a bit dorky but homes in on the critical point.  Her first question to Geithner:  Why was the auto industry held to harsh standards while the banks got very different treatment, and does Geithner think the banks were better managed?

The phone rang and I missed most of his answer, but I heard enough of it that it seemed to come down to “the banks are too big to fail.”

Posted in: Bailout.
Last Modified: April 21, 2009