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Bachmann: What provision in the Constitution could you point to, to give authority for the actions that have been taken by Treasury since March of 08?
Geithner: Oh, uh, the Congress legislated in the emergency economic stabilization act a range of very important new authorities..
Bachmann: Sir, in the Constitution. What in the Constitution could you point to, to give authority to the treasury for the extraordinary actions that have been taken.
Geithner: Every action that the treasury and the fed and the FDIC is....been using authority granted by this body...by the Congress.
Bachmann: And in the Constitution, what could you point to?
Geithner: Under the laws of the land, of course.