Thursday, March 26, 2009
Obama holds Internet town hall; Geithner proposes super-regulation of all "asymmetric" financial institutions
President Obama held an Internet Town Hall today (Thursday, March 26, 2009), slightly over one hour in length. Over 10000 questions had been submitted (to the "Open for Questions").
The most popular question seemed to be about legalization of marijuana “to stimulate the economy” and the president said that this was not a good idea, yet the question must have been appreciated to be chosen.
There was a major question about employment of returning veterans, especially those that had been affected by the stop-loss policy and made several tours (a policy which is ending).
The White House Blog entry for the debate is here. Good show from our first "Geek President". (Again, I remember an English teacher at a Fairfax County high school who tells students, "relax, your first boss will probably be a geek", from Bill Gates's advice.)
The Treasury Department offered a press release today about the need for “super oversight” over all large financial institutions, including hedge funds and insurance holding companies, that can provoke “systemic risk.” AIG, after all, provided the perfect example of corporate asymmetry.
The link is here.
The CSPAN video link for Secretary Timothy Geithner’s remarks on total oversight to the House is this (about two hours).
Picture: crowd for a television pilot ("Washington Field"), on Potomac River; Barack Obama is "the man who wasn't there", for the movie take, at least. See TV blog for March 25.