Senate Committee On Finance Vote On The Nomination Of Timothy Geithner To Be Treasury Secretary

Statement

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SEN. WYDEN: Mr. Chairman, you can't solve a problem if you don't dimension it. And for months, the country has been waiting to get an accurate assessment of how serious the liabilities are with respect to the books of America's financial institutions.

Several committee members asked about this very question yesterday. And Mr. Geithner said it was complicated. It clearly is. But I'm of the view that the effort to have the financial institutions of this country disclose the true measure of their liabilities must be accelerated. The country can't get on top of this problem unless it does.

And in hopes that this committee on a bipartisan basis will push very, very hard for Mr. Geithner, if confirmed, to do that work I will vote for the nominee today.

Thank you, Mr. Chairman.

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