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

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

[cnn-photo-caption image= 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. 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, which is barely two months old, will change. Republicans are very funny and they are big phonies. One day they don't want governt to intervine in executive pay, the next they want governement to be fired for not intervening in executive pay.

    March 18, 2009 04:15 pm at 4:15 pm |
  2. Jaybird

    mhg March 18th, 2009 4:02 pm ET

    I am the only one that sees what is going on here??? All the Nobama appointments are a joke!!

    No, you're just the only one who doesn't see the GOP hypocrisy and political grandstanding going on here.

    March 18, 2009 04:23 pm at 4:23 pm |
  3. Jaybird

    Afterall, a total incompetent like Rumsfeld took more than 2 months to resign, didn't he?

    March 18, 2009 04:25 pm at 4:25 pm |
  4. Dew5050

    Connie Mack or whatever your name is,"SHUT THE HELL UP".
    Could you imagine the effrontery? Geithner should resign for not clearing the mess you repugs and bush made for over 8yrs in 2 months.

    You are the one that should resign from the House!

    March 18, 2009 04:28 pm at 4:28 pm |
  5. Alex

    How about Paulson when he gave away nearly 800 billion with absolutely NO oversight, NO stipulations?!?!

    The GOP are a bunch of hypocrites who do NOTHING constructive to solve the mess THEY created! Just whine, whine, whine. What a joke they've become!!

    March 18, 2009 04:29 pm at 4:29 pm |
  6. shawnta

    No one wants to give Obama or his staff a chance to get things unravled. It took us 8eigth years to get in this mess. And it going to take some time to see how we got in the mess to be sure we dont do it . And once we figure that out we can work on the eal problems. Fireing Tim Geithner will be wrong and not fair to the adminastration. I have full faith that we re heading in the rigth direction.


    March 18, 2009 04:29 pm at 4:29 pm |
  7. TJJ

    The Republicans fought HARD against setting limits on executive pay back in September saying that it would disuade banks from taking TARP money. McConnell, Boehner, Cantor, Shelby–all the Republican visible leaders in Congress, ALL came out opposing any kind of government involvement in executive pay. What a bunch of opportunistic hypocrites! They accused the Democrats of being "socialists" for actually trying to set limits on executive pay, and the Democrats are the ones who have been fighting for years for higher pay for lower and middle-income workers. Republicans believe that health care for example should only be a luxury for those wealthy enough to afford it, and when the Democrats say fine, since you refuse pay people more (even though at the same time you're firing people, you're giving your executives 10 million dollar bonuses), we'll increase your taxes a little, and provide health care for people that way (since tax payers are ultimately paying for it anyway). The Republicans accuse them of being socialists. Now they have all this phony outrage about outrageous executive pay? Give me a break!

    March 18, 2009 04:31 pm at 4:31 pm |
  8. Zion

    I don't want to hear anything from the people who sang deregulate baby for years. It's amazing how we're willing to listen to the goons that got us in this mess. Maybe we deserve the Republicans.

    March 18, 2009 04:33 pm at 4:33 pm |
  9. Los

    Why do all the Obama haters think they can see things and know things no one else does? Is it any coincidence that the GOP is also heavily populated by religious people who also think they can see and know things no one else does?

    March 18, 2009 04:36 pm at 4:36 pm |
  10. Kenneth

    WE did not get into this mess overnight ... it took 8 years. We certainly cannot expect it to be fixed in 2 months. Get a grip GOP!

    March 18, 2009 04:37 pm at 4:37 pm |
  11. Glennis

    Sorry, but this guy is in way over his is his boss. Neither of them knows what to do. Pleading ignorance just doesn't cut it this time. It makes them look even worse for trying to cover up their own shortcomings.

    March 18, 2009 04:45 pm at 4:45 pm |
  12. big papa

    Connie Mack is a politically partisan, right wing Bush Republican...

    ...he has no interest in seeing the economic agenda of the Obama administration succeed... his puppeteer Rush "oxycontinhead" Limbaugh Mack wants the country to fail... that Bush Republicans can regain power...

    ...Connie and ALL Bush republicans should cross the river Styxx...

    March 18, 2009 04:46 pm at 4:46 pm |
  13. TerryT

    Why is it that so many people think that if you speak critical of this administration you must be a Republican???

    Come back to reality by asking yourself, was the criticism of Pres Bush only by the Dems or far left?


    Most people in this county do not belong to the GOP and will be angry at ANY (get it) ANY POLITICIAN that they think is doing them wrong.

    March 18, 2009 04:51 pm at 4:51 pm |
  14. Shelby

    If he's the only man who can fix the financial crisis, then we're in for nothing but more trouble. This guy is a joke and we should have know it since we found out about his innocent mistake on his own tax forms;

    March 18, 2009 04:51 pm at 4:51 pm |
  15. Fitz in Texas

    Tax cheat Geithner knew all about this mess. Time for him go, now.

    March 18, 2009 04:53 pm at 4:53 pm |
  16. God Bless America

    Correction Ms. Mack, The American people have not lost confidence in a man who has had a postion for less than 2 months. The American people are now getting to see all the greed and business loop-hole unrighteous practices that you and your party were allowing to THRIVE over the LAST 8 years!!!! Any confidence lost is in you and the Rush Republican Party.

    March 18, 2009 04:53 pm at 4:53 pm |
  17. Lilarose in Bandon, Oregon

    This demand is NOT how we as a democracy deal with problems.

    The ObstructiPubs are so far beyond decency that their party should shut down permanently.

    We need to modernize our country's government. The dark-suited, glum, overpaid and underworked jerks in the ObstructiPub party need to shut up!

    Geithner has enough on his plate now besides dealing with ObstructiPubs.

    March 18, 2009 04:54 pm at 4:54 pm |
  18. Had It

    I may be wrong, but I thought the deregulation started with the Savings and Loan deregulation YEARS ago (i.e., Keating 5 scandal).

    Please comment.

    March 18, 2009 04:54 pm at 4:54 pm |
  19. honeychild

    ooooooHHH I get it. Bush & his clowns have ruined America, they screwed up the country, and thousands of soldiers have die because of a liar aka bush, spent billions of dollars on a war that never should have taken place in the first place. Just so they can get rich. Then before these clowns left office they purposely convinced congress to give AIG and others tarp money. To bad Bush hasn’t volunteered to give some of his earnings back to America. Oh and that crook Cheney. I believe they will reap what they sow!!!.

    March 18, 2009 04:56 pm at 4:56 pm |
  20. Frank in Phoenix

    Fire him? Yeah, he's incompetent but he may be the only Obama appointee to have actually paid taxes!

    March 18, 2009 04:57 pm at 4:57 pm |
  21. Dave in California

    what will the fallout be for obama after he said this morning that no one standing with him drafted the AIG paperwork...... Turbo Tax Tim was standing with him..... I think obama better get the facts before he sticks his foot in his mouth

    March 18, 2009 04:57 pm at 4:57 pm |
  22. Alice Newman Center Harbor NH

    I don't see anyone here – or anywhere else, wishing that McCain/Palin were in charge:

    The choice was one or the other: The country choose President Obama... and the sour grapes crown was predicting failure two hours after he was sworn in.

    Notice that those who are foaming at the mouth have few suggestions: easier to complain than to lead.

    March 18, 2009 04:58 pm at 4:58 pm |
  23. Kathy

    He doesn't hve a clue how to fix this mess!!!! Heck, He couldn't even pay his own taxes!! If I read correctly, wasn't Geithner one of the architects of the first bailout under the Bush Adm.? He didn't have a clue then and he doesn't have a clue now. He should go and take BO with him.

    March 18, 2009 04:59 pm at 4:59 pm |
  24. Steve in Las Vegas,NV

    Wasn't most of this mess hatched under the control of those who love deregulation (GOP). Geithner got handed this mess, at least let him and his staff try to get it done!

    March 18, 2009 05:01 pm at 5:01 pm |
  25. tim

    Geez people... give them time to fix this... noone is perfect. I would like to see you in there, talking to everyone about the economy, getting grilled about the economy, issuing bailouts, and trying to watch over everything at the same time.

    The Obama administration would love to put in oversight and czars, but all you republicans would do is complain that "socialism is on the way".

    You know what.... I might take a dose of that if it means I can provide for my family and keep my house.

    March 18, 2009 05:01 pm at 5:01 pm |
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