An Insight Into Tim Geithner's Respect For Law And Constitutions

At yesterday's WSJ CEO Council participants got to see what Treasury Secretary Timothy Geithner really thinks about constitutions and the law.

While being questioned by Rupert Murdoch's top lieutenant, Robert Thomson, the topic of the Eurozone crisis came up and the need, in Geithner's view, that the European Central Bank should step in and buy Eurozone bonds whenever required. The problem with this is that it is against the ECB constitution that was approved by the EZ members when the ECB was formed.

So does Geithner see a problem with this constitutional limitation? Not really.

He said, in a somewhat irritated fashion, that "there are ways to get around these things". So much for constitutions. Then he added. "It's not rocket science [to get around these things]".

And there you have Geithner's view on laws, agreements and constitutions. There are ways to get around them.

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