In testimony released on January 23rd, Timothy Geithner, now America’s treasury secretary, said there needed to be more transparency and accountability.

在1月23号公布的国会证词中，刚就任美国财务部长的Timothy Geithner表示应当有更大透明度，应当更多地强调责任。

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Geithner Testimony before the Committee on Banking, Housing, and Urban Affairs.

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"We think there's a set of cases where it's clearly in the interest of the taxpayer for them to do principal reduction upfront, " said Treasury Secretary Timothy Geithner in congressional testimony earlier this year.

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"At the time, we were working desperately to rebuild confidence in the financial system, " Geithner said in his prepared testimony.

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