Here’s an exchange from this afternoon between Sen. Cantwell and Secretary Geithner. Cantwell asks the question we and a lot of others have been asking: where’s all the money going? Who are the counter-parties?
We grabbed this exchange because I want to flag that this question appears to be gathering momentum up on the hill. But the exchange itself is interesting for two reasons. First, Geithner simply won’t engage. He just ignores the question. But in the course of doing so he provides the administration’s rationale for why we have no choice but to keep shoveling money down this hole. But clearly, talk to the hand on the counter-parties …
