US watchdog gives a little more leash to Geithner

By Daily Maverick Legacy 11 December 2009

US Treasury secretary Tim Geithner’s desire to keep the 14-month-old government bailout programme going has been generally supported by the congressional watchdog. But it’s not giving him a free run to the post box. In his quarterly appearance before the Congressional oversight panel, Geithner was hammered on a range of issues, including why the titans of Wall Street were paid out for claims against American International Group. AIG received more taxpayers’ money than anyone else, and then paid it out to other big firms. The panel also asked why smaller banks and businesses were still in trouble. It’s not surprising that Geithner is being hauled over the coals, as government will soon surpass a $12.1 trillion limit for borrowing. And while Congress has made another $1.8 trillion available, it’s a lot more money to pay back.Read more: The New York Times

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South Africa is in a very real battle. A political fight where terms such as truth and democracy can seem more of a suggestion as opposed to a necessity.

On one side of the battle are those openly willing to undermine the sovereignty of a democratic society, completely disregarding the weight and power of the oaths declared when they took office. If their mission was to decrease society’s trust in government - mission accomplished.

And on the other side are those who believe in the ethos of a country whose constitution was once declared the most progressive in the world. The hope that truth, justice and accountability in politics, business and society is not simply fairy tale dust sprinkled in great electoral speeches; but rather a cause that needs to be intentionally acted upon every day.

However, it would be an offensive oversight not to acknowledge that right there on the front lines, alongside whistleblowers and civil society, stand the journalists. Armed with only their determination to inform society and defend the truth, caught in the crossfire of shots fired from both sides.

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