Tim Geithner's book
2014-05-21 01:19:57.759445+02 by Dan Lyke 0 comments
Sheila Bair: Why I recommend Tim Geithner's book:
On his book tour, to explain the need for bailouts, Tim has used a clever analogy of a pilot trying to land a plane that is on fire and in the back, sit the terrorists who started it. He argues that the pilot can't leave the cockpit to put them in handcuffs. He first has to land the plane. The problem with this analogy is that the plane landed at the end of 2008. And let's face it, instead of handcuffing the terrorists, we escorted them to the executive lounge.
Emphasis mine, quoted for truth.