Geithner Vs. Goldman

Treasury Secretary Timothy Geithner is again calling on banks to rein in their big compensation packages. Calling this “an era of irresponsibly high bonuses,” Geithner slammed the record bonuses banks are paying their senior executives and suggested they consider long-term goals in regard to compensation in an interview with Bloomberg Television. In the discussion that will air this weekend on Political Capital With Al Hunt, Geithner also responded to Goldman Sachs CEO Lloyd Blankfein’s claim that his firm would not have fallen victim to last year’s financial crisis even without government aid. “None of them would have survived a situation in which we had let that fire try to burn itself out,” Geithner said.