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To the Point

Treasury Secretary Tim Geithner and Bailout Backlash

To the Point

KCRW

News

4.4583 Ratings

🗓️ 23 March 2009

⏱️ 51 minutes

🧾️ Download transcript

Summary

The bailout of America's financial system began last fall, but the Bush Administration is history.  Now the Obama Administration is faced with growing outrage over the use of public money to rescue failed private companies. Also, the cheapest car in the world goes on sale in India.

Transcript

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0:00.0

From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

0:07.6

Treasury Secretary Tim Geithner and Baylor Backlap Backlash.

0:14.7

Hello again, I'm Armin Alney, and this is To the Point from Public Radio International.

0:18.6

A daily look at the issues Americans care about most.

0:20.7

The Obama administration today explained its public-private partnership to to the point from Public Radio International. The daily look at the issues Americans care about most.

0:26.1

The Obama administration today explained its public-private partnership to rescue the banking system and stock prices shot up around the world. But it may be too late to rescue Secretary Tim Geithner,

0:32.4

who's taken the heat for AIG's executive bonuses and public payoffs to private firms, including Goldman Sachs.

0:39.5

Some Republicans in Congress are calling for Geithner to be fired, and liberal commentators

0:43.7

want him to step down.

0:45.2

The president says he wouldn't let him resign.

0:47.8

Is there another way of heading off public outrage?

0:50.8

On reporter's notebook later on, the cheapest car in the world is about to go on sale in India.

0:56.5

First, here's the news.

1:00.1

Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio

1:06.1

International Program Fund, whose contributors include the Ford Foundation, the John

1:10.7

D. and Catherine T. McArthur

1:12.0

Foundation, and the Bill and Melinda Gates Foundation, dedicated to the idea that all people

1:17.1

deserve the chance to live a healthy, productive life. Information at gatesfoundation.org.

1:22.2

Hello again. Warren-Ele, back with To the Point. The bailout of America's financial system

1:26.3

began last fall, but the Bush administration is history.

1:29.8

Now, the Obama administration is faced with growing outrage over the use of public money to rescue failed private companies. More on that today.

1:37.4

On reporter's notebook, the Tata Nano will be the cheapest car in the world, but what about the environment and India's traffic congestion?

...

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