“Congress is getting tired of asking nicely. Twenty House and Senate Democrats sent a letter to Treasury Secretary Timothy Geithner in May asking if he intended to implement the recommendations of bailout auditors. They never heard back.
If there’s one thing that gets under the congressional skin, it’s being ignored. So they’re responding with an attempt to make it a legal requirement for Geithner to either accept the reform and oversight recommendations or explain to Congress why he won’t.
The move represents an escalation in the tussle over the bailout between the White House and Democrats in Congress, and it’s likely to pass.
Later this week, the full House will vote on whether to give Geithner a deadline written into the law to respond to its request. The mandate passed the Appropriations Committee last week. The first legally required report would be due Sept. 1, 2009, with quarterly reports to follow.
Geithner is required to respond to auditors’ recommendations under current law, but there is no deadline to do so. Geithner neither replied to the May letter, nor has he responded to the recommendations of the Government Accountability Office (GAO) or the Special Inspector General for the Temporary Asset Relief Program (SIGTARP).
The spring letter was drafted by Rep. Maurice Hinchey (D-N.Y.), who also pushed the follow-up measure through the appropriations committee with the help of Rep. Jose Serrano (D-N.Y.), chairman of the subcommittee on Financial Services and General Government… ”
Well, I suspect that Turbo Tax Tim is of the conclusion that he works for the messiah and does not have to report back to anyone. How long will Turbo Tax Tim ignore the Democrats and how long will the Democrats sit on their hands waiting for a response? We shall see.
Who will blink first?
July 14, 2009 at 10:13 am
U.S. taxpayers must demand criminal prosecution of Bilderbergers Geithner, Paulson, Cox, Bernanke, Sens. Dodd, Franks, Reid, Feinstein, Speaker Pelosi, Rangel – all for securities fraud violations of SEC rule 10-b-5 prohibition of securities trading respecting investments in AIG securities while voting for taxpayer bailout funds of AIG, such funds being paid to foreign entities which AIG, to this day, July 14, 2009, illegally refuses to disclose to congress. Taxpayers must demand repeal of the unconstitutional 1913 Federal Reserve act and demand re-pissue of John Kennedy’s June 1963 Executive Order 11110 mandating U.S. issue its own curency and own the central bank. Rothschild domiinateed shareholder private ownership of the “Federal” Reserve is violative of Art. 1, Sec. 8, cls. 4,5. empowering coigress to own the central bank to print its own currency. Q.E.D.