Incompetence, Dishonesty of Treasury Secretary Geithner Nothing New

We already know about Treasury Secretary Geithner's dishonesty but his confirmation testimony back in January may have been only the tip of the iceberg:

(We) learned a few weeks ago about then-President of the Federal Reserve Bank of New York Tim Geithner's role in crafting a full-payment deal for big banks that had credit-default swaps with the failed AIG insurance company. As Radley Balko noted earlier, Neil Barofsky, special inspector general for the federal Troubled Asset Relief Program, has now issued a harshly critical report on Geithner's handling of the AIG bailout.

Barofsky's report details how the bailout vehicle "Maiden Lane III" was created, and why Geithner quickly decided to pay 100 cents on the dollar to AIG counterparties -- including Goldman Sachs, Deutsche Bank, and others. . .The deal ended up costing taxpayers at least $13 billion.

So, bad Federal Reserve President as well as bad tax return self-preparer. Just the thing you look for in a Treasury Secretary.