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Thread: Geithner set to jump ship

  1. #31
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    Re: Geithner set to jump ship

    Quote Originally Posted by American View Post
    Tax evading bastard, they ought make him suffer for his stupidity. Now he wants to skidaddle after helping to **** everything up.
    He is the only one to blame?
    Hayek - too liberal for republicans

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    Re: Geithner set to jump ship

    Quote Originally Posted by Ockham View Post
    Geithner is just another in a long line to leave - and frankly, isn't he one of the guys who caused this country's problems in the first place?

    Is that really a white guy with the telescope?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Geithner set to jump ship


  4. #34
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    Re: Geithner set to jump ship

    Quote Originally Posted by Ockham View Post
    Eventually yes. However the list of 2 1/2 years of the Obama Administration is rather impressive for such a short period of time versus Obama's predecessor.

    Burton
    Klain
    Glen Fine
    Jim Jones
    Summers
    Romer
    Robert Gates
    Moran
    Craig
    Desire Rogers
    Blair
    Orzag
    Mcrystal
    Emmanuel
    Lippert
    Carter
    Hoh
    Anita Dunn
    Sergant
    Hathaway
    Crawford
    Rattner
    Van Jones



    Versus the Bush Admin from mid 2002

    Novotny
    Zahn
    Oppegard
    Hahn
    Dombeck
    Furmish
    Parker
    Lowarnce
    Schaeffer
    They just can get away fast enough can they.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: Geithner set to jump ship

    Good. Tim has more money to print.

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    Re: Geithner set to jump ship

    he's either a crook, who perpetrated the largest transfer of wealth in history from the wage earner to the rich
    or he is an absolute incompetent we should be delighted to see leave
    or possibly both
    ... by providing AIG with the capital to make these payments, Federal Reserve officials provided AIG’s counterparties with tens of billions of dollars they likely would have not otherwise received had AIG gone into bankruptcy. ...
    read the compete IG report of the AIG bailout and see how this was a backdoor method to make the vulnerable banks whole. using wage earner tax dollars to replace the lost equity of the wealthy, at home and abroad
    geithner privatized the profits and socialized the losses

    http://graphics8.nytimes.com/package...t/original.pdf
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    Re: Geithner set to jump ship

    Quote Originally Posted by justabubba View Post
    he's either a crook, who perpetrated the largest transfer of wealth in history from the wage earner to the rich
    or he is an absolute incompetent we should be delighted to see leave
    or possibly both

    read the compete IG report of the AIG bailout and see how this was a backdoor method to make the vulnerable banks whole. using wage earner tax dollars to replace the lost equity of the wealthy, at home and abroad
    geithner privatized the profits and socialized the losses

    http://graphics8.nytimes.com/package...t/original.pdf
    Here's a little background on Tiny Timmy.

    Geithner's risky oversight of Citigroup
    By JEFF GERTH- PROPUBLICA | 1/14/09 12:39 PM EST

    As president of the New York Federal Reserve Bank, Timothy Geithner often preached that gargantuan financial firms like Citigroup should be held to the highest regulatory standards to make sure they couldn’t take on too much risk.

    But when it came to supervising Citigroup in recent years, the record shows that the New York Fed eased the reins as the company blew billions on subprime mortgages and other risky deals that ultimately forced the biggest bank rescue in U.S. history.

    Now, the 47-year-old Geithner heads to the Senate in coming days as President-elect Barack Obama’s nominee for Treasury secretary. He’s won accolades for his expertise and work ethic, but there’s been little attention to his record as a Fed watchdog.

    Geithner’s tenure at the New York Fed – which bore the major responsibility for supervising Citigroup – covers a tumultuous span in which the sprawling conglomerate spiraled from the country’s biggest banking company to one of its largest welfare cases.

    Geithner's risky oversight of Citigroup - Jeff Gerth- ProPublica - POLITICO.com
    Geithner snoozes from 2003 until after the melt down, while a big part of his job was to supervise and regulate the Secondary financial markets, Wall St and Citigroup in particular. Not only does he get a promotion to Treasury Secretary, but he got a $ half million dollar severance pay from a job he couldn't have botched worse???
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: Geithner set to jump ship

    Quote Originally Posted by justabubba View Post
    he's either a crook, who perpetrated the largest transfer of wealth in history from the wage earner to the rich
    or he is an absolute incompetent we should be delighted to see leave
    or possibly both

    read the compete IG report of the AIG bailout and see how this was a backdoor method to make the vulnerable banks whole. using wage earner tax dollars to replace the lost equity of the wealthy, at home and abroad
    geithner privatized the profits and socialized the losses

    http://graphics8.nytimes.com/package...t/original.pdf
    The problem with the AIG bailout was how everyone in the world was connected through AIG. AIG's failure was not just a US problem, it was a global problem. Granted, this means the entire world should of ponied up the dough to stop it from failing and therefore stop the global recession, but whats the likely hood of that happening?

    Quote Originally Posted by Prof. Peabody View Post
    Here's a little background on Tiny Timmy.

    Geithner snoozes from 2003 until after the melt down, while a big part of his job was to supervise and regulate the Secondary financial markets, Wall St and Citigroup in particular. Not only does he get a promotion to Treasury Secretary, but he got a $ half million dollar severance pay from a job he couldn't have botched worse???
    You do know that presidents of FED banks don't have very much power right? You do know they take orders from the board of governors in Washington right?
    Hayek - too liberal for republicans

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    Re: Geithner set to jump ship

    Quote Originally Posted by xpiher View Post
    The problem with the AIG bailout was how everyone in the world was connected through AIG. AIG's failure was not just a US problem, it was a global problem. Granted, this means the entire world should of ponied up the dough to stop it from failing and therefore stop the global recession, but whats the likely hood of that happening?
    No, they should have ate their losses. That's how it works.

    You do know that presidents of FED banks don't have very much power right? You do know they take orders from the board of governors in Washington right?
    No, it was Timmy's job to watch over this stuff and he completely failed.

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    Re: Geithner set to jump ship

    Quote Originally Posted by 1Perry View Post
    No, they should have ate their losses. That's how it works.
    So you would be ok with "the greatest depression" then? You think we don't have jobs now, just wait until the entire system built on credit collapses (the entire modern economic system dating back to at least 1750). That's what would have happened had the FED, the gov, and the banks themselves not stepped in.
    Last edited by xpiher; 07-01-11 at 09:14 PM.
    Hayek - too liberal for republicans

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