Gingrich: Fire Bernanke and Geithner

AP News
Posted: Oct 11, 2011 8:34 PM
Gingrich: Fire Bernanke and Geithner

Former House Speaker Newt Gingrich says Americans have a right to be angry with the economy. But if Wall Street protesters wanted to change things, they should seek the firing of Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner.

Asked if Wall Street financiers should go to jail for the economic problems, Gingrich says political leaders in Washington are more responsible for the downturn and cited Bernanke and Geithner for firing.

Rep. Michele Bachmann of Minnesota says the economic meltdown can be traced back to policies of the federal government that pushed subprime loans that hurt the housing market. She declined to say whether Wall Street is to blame for the economic downturn.