mattlehrer: Jim Bourg: While testifying in front of a House Appropriations Subcommittee on Capitol Hill Thursday Geithner was shown a $50 Billion Zimbabwean bank note (now worth less than one U.S. dollar due to Zimbabwe’s hyperinflation) by U.S. Representative John Culberson (R- TX) and asked if he had ever seen one himself. Geithner immediately pulled a piece of Zimbabwean currency out of his own pocket and showed it off to the committee. At the next break in the hearing I approached Geithner and asked how he happened to have a piece of foreign currency in his pocket. His response was ‘I often have some foreign currency in my wallet. Want to see?’ … From inside the wallet Geithner extracted a small pile of receipts and paper including a New York City MTA farecard, pointing out that there were European Euros tucked amongst the paper. Notably not seen in the U.S. Treasury Secretary’s wallet? Any U.S. dollars. So good. Via griffitherin.
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mattlehrer:

Jim Bourg:

While testifying in front of a House Appropriations Subcommittee on Capitol Hill Thursday Geithner was shown a $50 Billion Zimbabwean bank note (now worth less than one U.S. dollar due to Zimbabwe’s hyperinflation) by U.S. Representative John Culberson (R- TX) and asked if he had ever seen one himself. Geithner immediately pulled a piece of Zimbabwean currency out of his own pocket and showed it off to the committee. At the next break in the hearing I approached Geithner and asked how he happened to have a piece of foreign currency in his pocket. His response was ‘I often have some foreign currency in my wallet. Want to see?’ … From inside the wallet Geithner extracted a small pile of receipts and paper including a New York City MTA farecard, pointing out that there were European Euros tucked amongst the paper. Notably not seen in the U.S. Treasury Secretary’s wallet? Any U.S. dollars.
So good. Via griffitherin.

Source: blogs.reuters.com

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