Eliot Spitzer: Geithner, Bernanke “Complicit” in Financial Crisis and Should Go

On Democracy Now, Eliot Spitzer said that Bernanke and Geithner “actually built and participated in creating the structure that now has collapsed,” and calls on them to be replaced. As New York Attorney General Spitzer sued AIG, and in 1999 began doing subprime cases predicting that this debt would explode. Spitzer points out that Timothy Geithner was was the overseer of the collapsed financial structure, who failed in his mandate to negotiate for us. Spitzer criticized the perspective that permitted Bernanke to continue to allow bubbles to be inflated without understanding the subprime impact, and dealing with the crisis after the fact. Spitzer thinks the emphasis should be on creating jobs and investing in small business, pointing out that creativity has always been our best asset.----Editorial comment by 26Dems