March 18th, 2009
03:37 PM ET
12 years ago

GOP Rep calls on Geithner to 'resign or be fired'

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/03/18/art.getty.tim.geithner.jpg caption="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.' "]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.


Filed under: Tim Geithner
soundoff (116 Responses)
  1. Jimbo

    Agreed! Also, ask congress to resign because they OK the bonuses in the plan!!!!

    March 18, 2009 03:28 pm at 3:28 pm |
  2. NYC REPUB

    Not so fast my GOP friends....... Let this man finally role out his economic plan first...... if it stinks, then press him to resign....... Truthfully what in the hell is wrong w/ conservatives these days? We are 2 days away from Obama's second month in office, and we've criticized him all 58 days..... frankly, it's disgusting........ Let Geithner bring his plan to the forefront...... By the way, the market has been doing fairly well for the past week and a half, yet no reporting on this, huh? If they were tanking, the media and my fellow right wingers would be panning Geithner/Obama for it........

    March 18, 2009 03:29 pm at 3:29 pm |
  3. Vincent Petrosino

    More GOP dribble and Connie Mack knows it. The contracts with AIG were negotiated under Paulson and Bush. Geithner is left with the dirty work and has acted quickly. He has only been Treasury Secretary for 8 weeks not 8 years!

    March 18, 2009 03:29 pm at 3:29 pm |
  4. Donna A. Reuter, Bremerton, WA

    Republicans, how dare you ask for his resignation for something your party put into play. Everyone please "google" Gramm-Leech-Bliley Act of 1999, S.900 and H.R.10, (aka, The Financial Modernization Act of 1999).

    This Act is what caused this mess to happen and as always, Democrats have to clean up after the GOP. Shame on CNN and other MSM not to reference this in their coverage. I am getting sick and tired of the laziness exhibited by the press during the Bush Administration, it has hurt this nation in too many ways to list. During Clinton's Adminstration, the press was all over President Clinton like a cheap suit.

    March 18, 2009 03:29 pm at 3:29 pm |
  5. Shirley in California

    I say this as an Obama supporter "I can't stand this guy."

    March 18, 2009 03:30 pm at 3:30 pm |
  6. kind of taking the fall isn't he

    in a no win situation, someone has to take the blame

    he is the canidate to fall on the sword

    March 18, 2009 03:34 pm at 3:34 pm |
  7. Sharon

    Where was she when Bush was in office for the eight years? When all this crap started!! I don't recall ever hearing anything from her during that time. She would have had more credibility, if she had started being outraged then!!!

    What a jerk!

    March 18, 2009 03:38 pm at 3:38 pm |
  8. YoungBlackCollegEStudentWhoVoted4Obama

    Agreed!!! Fire Him!!! Can't hire a former Wall street guy, and expect him to fix this mess!!

    March 18, 2009 03:41 pm at 3:41 pm |
  9. Annie

    This is a rare moment for me, but I agree with the GOP.

    March 18, 2009 03:42 pm at 3:42 pm |
  10. Chas in Iowa

    This is one area that I am a bit dissapointed in our new president on.
    He has placed a select few people in charge of the financial departments of the government that are from the exact same climate that got us here to start with. I don't think they actually are going to change the climate at Wall Street because they all have that address.

    March 18, 2009 03:43 pm at 3:43 pm |
  11. aware

    Resign Timothy Geithner! You should never have been hired! 🙁

    March 18, 2009 03:44 pm at 3:44 pm |
  12. NameNot Necessary

    It is my belief that Mr. Timothy Geithner is in bed with all these so called financial best and brightest from Wall street and he is pulling the wool over President Obama's eyes. I don't believe this guy can be trusted. It appears his allegiance is more aligned with the large financial instutions than with the public or President Obama's for that matter. There something about this guy that I just don't trust.

    March 18, 2009 03:45 pm at 3:45 pm |
  13. What a joke...

    So where is all the outrage over Geithner, since he had the most to do with AIG???? Oh since it is Obama's "only guy who can do the job" you hear nothing but crickets.......

    March 18, 2009 03:46 pm at 3:46 pm |
  14. Ann

    The Republicans are not running this country anymore. No one is listening to them at all, and no one will listen to them for at least 36 more years...

    March 18, 2009 03:50 pm at 3:50 pm |
  15. Had Enough

    It's time for this guy to go. He never should have been put in such a position to start with. He has no clue!

    March 18, 2009 03:54 pm at 3:54 pm |
  16. Jackie in Dallas

    Yet again, another GOP c-o-p-p-i-n-g out on an issue started by the previous administration, and trying to blame it on the current one. While it may be true that Mack was outspoken against the bailouts, and may have even been outspoken in public about the nomination of Geithner, it is also true that the Republican Party is just as culpable as the current adminstration for the situation we are in. This is truly a bi-partisan problem.

    Geithner, as Mack has conveniently forgotten, was one of the golden boys that was greeted with cheers by the GOP for years. And he certainly cannot be held responsible for AIG's bad contracts - that is not something someone in any of his previous or current positions is responsible for. While I agree that Geithner has not lived up to his hype, I feel trying to hold him personally responsible for something that falls under the bailiwick of the entire Congress, the lack of oversight, and multiple administrations is a bit harsh.

    March 18, 2009 03:54 pm at 3:54 pm |
  17. Rick

    Timmy knew, its time for him to GO!

    March 18, 2009 03:55 pm at 3:55 pm |
  18. Lush Limprick and Osama bin Laden share the same vision for America - FAILURE!

    Just another obstructions neo-con working on making sure President Obama "fails".

    Certainly no breaking news here.

    March 18, 2009 03:55 pm at 3:55 pm |
  19. Juan from L.A

    I voted for Obama and I stand by the GOP decision. This guy is an idiot! He is conceited and worthless and to think Obama would put the cream of crop for such dire position. C'mon Mr. President you can do better than this!

    March 18, 2009 03:57 pm at 3:57 pm |
  20. wwf

    What an idiot. I would like to see him try and do the job. Typical, have all of the criticism and little to offer in solutions.

    March 18, 2009 04:00 pm at 4:00 pm |
  21. mhg

    I am the only one that sees what is going on here??? All the Nobama appointments are a joke!!
    I can hardly wait to see his kingdom fall but I wonder if the press will report the truth...........yeah right.

    March 18, 2009 04:02 pm at 4:02 pm |
  22. Pointng Fingers!!!

    a Republican congressman is calling for Treasury Secretary Timothy Geithner to "resign or be fired."This Bull was a Disaster before Mr Geithner was on board...... Florida Rep. Connie Mack said "I was outspoken against the bailouts then, and I'm even more outraged now."You need to step down and take STEELE with you

    March 18, 2009 04:07 pm at 4:07 pm |
  23. Ted - Ohio

    Resign for what reason again? Stop trying to look for a scpaegoat here, these AIG contracts (which other similar institutions have) are decades long practices that the Obama administration will fix going forward.

    March 18, 2009 04:12 pm at 4:12 pm |
  24. Randy, San Francisco

    Republican hack s like Connie Mack should remember the bail out started during the Bush administration. Didn't Republicans accuse the Obama administration of socializing the banks and over regulationg and micro-managing the financial institutions? The inconsistent Republican messages have an opportunistic dirty smell of politics.

    March 18, 2009 04:12 pm at 4:12 pm |
  25. yuri

    To tell Tim that he is doin' a totally titillatin' job is somewhat like fishin' in troubled waters. On the other hand, to ask him to get out will be typical of a tit for tat by the GOP. Make up your minds, fellow Americans.

    March 18, 2009 04:13 pm at 4:13 pm |
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