The Daily Debacle

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Geithner uses sock puppet to explain AIG bailout

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LONDON – During a recent round table discussion on the global financial crisis, U.S. Treasury Secretary Timothy Geithner used a sock puppet and a fresh fish  to illustrate how the government bailed out troubled insurance corporation AIG.

Mr. Geithner explained that the sock puppet represented the federal government and the fish was the $170 million bailout.

“I was slightly confused at first,” said British Prime Minister Gordon Brown, “I thought the Secretary was over-compensating for his rather poor public speaking skills.  However, it turned out to be a very effective visual aid.”

When asked about the $165 million in bonuses AIG recently gave to executives, Mr. Geithner seemed unwilling to comment.  Instead, using a knife, he cut off the fish’s head and threw the body into the middle of the table.

“See, even without bonuses, it’s still a lot of smelly fish,” he said.

Written by ikeusa

March 18, 2009 at 8:42 pm

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