WASHINGTON (CNN) – As the furor over AIG bonuses rages on Capitol Hill, a Republican congressman is calling for Treasury Secretary Timothy Geithner to "resign or be fired."
"Well before Timothy Geithner became Secretary of the Treasury, he was working hand-in-hand with AIG and other financial institutions to provide them hundreds of billions of dollars of taxpayer money as one of the key architects of the financial sector bailout," Florida Rep. Connie Mack said in a statement released Wednesday. "I was outspoken against the bailouts then, and I'm even more outraged now."
"I've had serious concerns about Secretary Geithner from the moment he was nominated. In the months since, he has shown us time and again why he was the wrong choice for this critical post. This week's news on the AIG bonus scandal is but the latest fiasco under his watch and he has lost the confidence of the American people."
"Quite simply, the Timothy Geithner experience has been a disaster."
Update: Rep. Darrell Issa, ranking Republican on the Oversight and Government Reform Committee, also called on Geithner to step down.
"As one of the chief architects of the AIG bailout, Secretary Geithner was in a position to do what any lender of the last resort would do – negotiate concessions from AIG," he said in a statement released Wednesday afternoon.
"Secretary Geithner either didn't know about the bonuses, and was grossly negligent, or he did know and failed to bring this to the President's attention. Either way, the end result has been a significant waste of taxpayer dollars and he should take immediate responsibility and resign."
Earlier Wednesday, the conservative California congressman called on the White House to send him information before next week revealing "who within the Administration knew what, when" about the AIG bonuses.
I think it would be far more productive for our nation and our economy if the Republicans members of Congress resign. Their job approval rating is at 28% and falling.
Geithner was not even in office yet when the BUSH administration sent out the TARP money to AIG. I think they need to get their facts straight. Of course, as we have seen, with Republicans the truth is optional.
Republicans have done nothing but snipe, whine, criticize, and lie about everything President Obama has done to try to restore this nation. The Republican Party has NO leadership, NO policies, and NO plans or solutions to offer for any problem America is facing. They have done nothing but try to tear down and slow down the recovery of our country. They are not working for the People who elected them. They are just playing games with our lives and our futures.
I am so sick of all the constant negative Republican noise. They are obviously going to do nothing to work to help this nation and plan to vote NO on everything. For the betterment of this country and its faster recovery, it is the Republicans who should resign since they have nothing to offer but negativity.
The People will be voting the next wave of them out in 2010 for their betrayal of America and its reconstruction. In NC we will be getting rid of Sen Richard Burr who has never done one thing for our state and has been in the pocket of big business to the detriment of many.many lost jobs in NC. It is time to remove the do-nothing negative Repubicans and replace them with serious, intelligent representatives who will work to move our nation forward and will stop playing games with our lives in the name of PARTY FIRST and AMERICA LAST.
President Obama is doing a fantastic job handling many critical issues at once. He is a great leader and is keeping all Americans in mind as he introduces more ways to help us. He talks to We the People and tells us what he is doing and why. His moves to recovery have been intelligent and forward-thinking. How refreshing to have intelligence, truth and honor back in the White House.
Geithner wrote the AIG Bailout bill while he was head of the Federal Reserve you Liberal sheep and stooges. Don't try and blaim this on Republicans. Last time I check Geitner was Obama's man and Chris Dodd and Barney Frank were democrats.
What's missing here is that some members in Congress should also be called upon to step down for their lack competency in this whole event.
I doubt that will happen. They have absolutely no shame. They now ask the "tough" questions hoping to make the sound bite for the evening news. No shame at all!
Liberals as well as conservatives should own up to their part in this mess.
Perhaps Congressman Issa could help us all, if he would simply tone down his stupidity.
Geithner and company have scarcely been in power for 2 months – Geithner himself DOES NOT EVEN HAVE A FULL TEAM!!!
Congressman Issa, please stop trying to cause a riot!
What a crock! Republicans crying for someone's resignation. Where have I heard that before.. oh right! The Democrats have been screaming that at Bush and GOP for the past eight years!!!
Give me a break. Your false indignation is deafening.
Gene March 18th, 2009 5:20 pm ET
To Both Dave and Connie
Those were campaign contributions. Should McCain be shoved out of the Senate because big oil companies contributed more to him? Should any candidate running for office turn down all campaign contributions and just rely on word of mouth instead of advertising themselves?
This isn't money lining their pockets, they were legal campaign contributions.
yes he should be punted out of office as well.... dodd and obama are directly tied to both of these companies..... personally i think all dirty politicians should be encarcerated..... ALL OF THEM... there should be term limits strapped to every public office we have... career politicians should be a thing of the past
Whats killing me is the fact that this money was appointed to them MONTHS before Tim got there, and another thing that is KILLING me is the DEMOCRATS wanted over site on the money, but OH NO PAULSON, you know the REPUKE, said no, they were not going to do that. SO all you morons that have no clue what they are talking about please remember, YOUR PARTY LOST AND WILL NEVER EVER BE BACK IN CONTROL! They are the reason we are in this mess, the POTUS and Tim G will FIX IT! SHUT UP!
Enough is enough is enough. Geitner is doing just fine. Without him, there will not be a Citi Bank today, and without Citi Bank, DOW industrial average would be roaming around 4000.
If you really want to be objective about this, compare AIG's bonuses from this time last year to this year. It has more than halved. If anything Geitner should get the credit for saving taxpayers money being used for bonuses and not vise versa...
This is nothing but politics – and you all know that... so stop the nonsense. He has only been here for 8 weeks.
Im sorry did i miss something? I thought that obama was the president? that means that as of JANUARY 20, 2209, He and only HE is responsible for everything that happens to and for this country and its people. He said that once elected HE would fix the problem. He said trust him to make life better for all of us. HE SAID IT NOT BUSH! Obama is the preisdent. stop making excuses for his inexperience. We told you that he wasnt up for the job but you elevated him to position of Savior so that you could bask in his glory. YOU wanted change well heres the change. Bush is an american citizen now just like the rest of us and he has nothing to do with the decisions that olbama has made since January 20. Stop blaming everyone else and start blaming the leader of the free world. If he cant do the job then ACCEPT it and move on. Geez! Everytime you point the finger elsewhere when Obama screws up it telkls me, and the rest of the world, that you do not trust the decisions that he makes. If this is the case then why did you vote for him? ACCEPT HIM FOR THE INPERFECT HUMAN BEING THAT HE IS!
No Hillary = No Obama = Bitter Puma wiht no life but to try to tear down al the president is trying to do to fix this economy. Personally I hope you're stil bitter for the next 8 years!
What is needed right now is to put in place what ever it takes to get all of every penny back from the bonuses.
He should have never been confirmed.
Since he wasn't even appointed when congress wanted to put stipulations and restrictions on the money, how is it his fault? It was Paulson that said give them the money with no restrictions, not Geithner.
This situation with AIG bonuses and the appearance that Geithner and the Congress knew about it but did nothing to stop it, is starting look like payback.
I think that a full independent investigation is warranted and then we can decide what to do or not to do about Geithner.
Mike March 18th, 2009 5:37 pm ET
the community organizer is going to be impeached . . .it's in the works now…
Impeachments are done by Congress. Last time I checked, the House was about 60% Democrat, and the Senate is 58%. so FAT CHANCE.
Please read a book on civics. You don't want your last brain cell to die uninformed.
Nice to see you back, WELCOME TO THE OBAMA SHOW!!!!!!!!!!!!
So tell me... how is he like those "other people" you listed in all caps?
Or are you just proud of the fact that you can spell their names correctly?