BusinessBusinessGoldman SachsTim Geithner

Geithner Defends Dealings With Goldman Sachs, Says Govt Officials Acted Appropriately

Geithner Defends Dealings With Goldman Sachs, Says Govt Officials Acted Appropriately
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Senior Editor, Huffington Post

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WASHINGTON -- Treasury Secretary Timothy Geithner said Friday that government officials acted appropriately in their dealings with Goldman Sachs Group Inc. during the heat of the financial crisis last year.

Some lawmakers have questioned whether ties between government officials and Goldman Sachs influenced their decisions about which financial firms should be saved. The government's rescue efforts weren't intended to benefit Goldman but to prevent a broader collapse of the financial system, Mr. Geithner said in an interview with The Wall Street Journal and Digg, an online site where 39 million users share articles with one another and rate their popularity.

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