WASHINGTON (AP) — A former White House economics adviser backed on Tuesday the administration's denial of an assertion that Treasury Secretary Timothy F. Geithner ignored President Obama's order to consider dissolving Citibank.
Austan Goolsbee called the claim by author Ron Suskind "just factually wrong." Appearing on CBS' "The Early Show," Mr. Goolsbee said the allegation is "ridiculous."
He said the administration was doing "stress tests" on major banks during the period of time Mr. Suskind was referring to. Mr. Goolsbee also said that "nobody was talking about dissolving anyone." The former adviser also said that when Mr. Obama directed aides to take action, "they'd do it."
Mr. Suskind told NBC's "Today" show on Tuesday that the book, "Confidence Men: Wall Street, Washington and the Education of a President," was meticulously researched and he's standing behind it.