Here are some suggestions for questions I will ask Treasury Secretary Timothy Geithner at the CNBC Town hall meeting on Sept 10.
Given the existing public and government debt of over $11,000 bn. almost $40,000 per man woman and child in our country and the planned deficits of the future how will America pay off her debt?
Banks are reporting profits since the stimulus suspended mark-to-market accounting, this allows banks to carry these toxic mortgage assets on their books at unrealistic inflated bubble values. With the overhang of commercial real estate that must be refinanced over the next few years, the chickens are coming home to roost when the properties can not be refinanced due to tightened underwriting criteria and declines in market values. Is the Treasury prepared to bailout these bank, insurance companies and pension funds if they become under capitalized as a result of commercial delinquencies?
Do you support more transparency at the Fed, in particular shedding the light of day on the emergency lending to troubled financial institutions or the audit the Fed bill?
Do you support giving more power to the Fed as a so-called "super- regulator"?
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