Geithner “Not Concerned” About Arianna’s Campaign

That, and other news, in today’s Roundup and Recap.

Politico launches a new video series today, Inside Obama’s Washington, that starts with Mike Allen’s interview with Treasury Secretary Timothy Geithner. He indicates to Allen that he doesn’t think Arianna Huffington campaign to get customers to shift from big banks to small banks — the “Move Your Money” campaign — is a good idea.

He says, “[L]et me say this:
Customers of financial institution should be very demanding in the kind
of service they expect, the kind of products they get, the disclosure
banks offer to basic fairness and dealings. And so, I’m very supportive
of customers of banks, other investors of banks, creditors of banks
holding them to very high standards. That’s something that’s very
appropriate.”

“I’m not concerned about her campaign, and I agree with the basic principle…that we’ve been through a period where I think people are right to expect more of their financial institutions.”

Geithner also talks about Google’s threat to pull out of China because of hacking of emails of human rights activists. And he offers support for President Obama’s harder line on big banks — even though he’s been reported to have opposed such measures, at least initially.

The interview, produced by Tammy Haddad, is here.

Republican National Committee chairman Michael Steele, boosted by Scott Brown’s victory in Massachusetts last week, was scheduled to speak on Friday to Friends of Abe, the organization and fellowship of entertainment industry conservatives and Republicans. The event was not a fund-raiser.

Air America may be gone, but that isn’t the end of liberal talk radio. In fact, reports the New York Times’ Brian Stelter, most of the network’s prominent personalities moved on years before it shut down its live programming last week.

The next step in efforts to overturn campaign finance laws: Disclosure. The New York Times traces the origins of the Citizens United vs. FEC case to James Bopp Jr., a well known conservative activist lawyer. Bopp was replaced on the Citizens United case by Ted Olson, who shifted the emphasis of the suit to overturning the ban on corporate money in elections, from previous goals of overturning disclosure rules. Now Bopp is seeking the latter, as the high court has accepted a case that will consider whether gay marriage opponents can prevent the release of names on a Washington state signature petition on the grounds that they fear harassment from those in support of same-sex nuptials. Ironically, Olson’s current effort in Perry vs. Schwarzenegger, in which he argues for same sex marriage, stands to benefit from the court upholding disclosure, even as Bopp argues against it.

Meanwhile, as the Prop 8 trial heads into its third week this morning, defendants of the ban on same-sex marriage have requested to add Frank Schubert, the political mind who guided the Yes on 8 campaign, to their witness list. This morning, plaintiffs were showing video of a Yes on 8 rally in which Yes on 8 organizers warn of the dire consequences of same-sex marriage and the “homosexual agenda.”

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading