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Tim Geithner = Owned, Bought & Paid For By Wall Street; A Damning Indictment
- Thread starter ByLoSellHi
- Start date
Quote from bullmarket79:
Back in the old days when investors made mistakes they took the lumps,,now when they make mistakes the taxpayers take the lumps,,,odd
Taxpayers are virtually powerless in the US. You can shove a whole pile of s**t up their A** and the worst that might come out of them is a hick up.
No reason not to keep shoving bigger and bigger piles of S*** up their A*** and keep rolling in the dough.
Most are just struggling to survive and can't spare the resources to fight back.
Religion ,intimidation and cheap entertainment takes care of the rest.
A perfect setup for the right people.
What is the common link of all these men?
Quote from patchie:
I am just as impressed with his lack of long hard working days. We kept hearing about how hard these guys worked but I never saw that by his schedule. Geithner arrived in his office around 8:00 every morning as was out before 5:00. He did get a frequent free meal out of it later on. I figure the dinners were a way of sticking expensive eats on the tax payers as a "business expense".
So now that we see this schedule we come to learn that Geithner didn't work hard.
Not that it makes a difference, but anyone who has held a job before knows that secretaries don't schedule things for you before and after business hours. That's when you get caught up on your work...nothing gets done at meetings.
Clearly, here's something ELSE you don't know. Lobbying is the ONLY profession protected under the constitution. I'd tell you to look it up, but facts are not something you're terribly interested in anyhow. It's not going anywhere, but feel free to piss and moan about it.Quote from libertad:
The two party system by advertising....lobbyists....
Must be done away with....
Take a Report
Yesterday, Steve Forbes called for Geithner's resignation (before the NYTimes article appeared)
http://www.forbes.com/2009/04/24/steve-forbes-geithner-intelligent-investing-fed.html
GEITHNER SHOULD RESIGN
FORBES - April 27, 2009
by Steve Forbes
Timothy Geithner, get out of the way! It looks to me like our Treasury secretary, a few months into the job, is trying to usurp Hank Paulson's status as the worst Treasury Secretary in history.
Treasury Secretary Geithner isn't a newcomer to this financial crisis. As chairman of the New York Fed, he was intricately involved in the last administration's attempts to quell the credit markets. Geithner was supposedly going to hit the ground running, but instead he took an inordinate amount of time to come up with a pointlessly complicated plan to remove toxic assets from bank balance sheets.
The banks don't need to get rid of these assets, and they're not all actually toxic. All the banks need is time and regulators who will let them realistically price their assets at around 60 cents on the dollar. Recent revisions to mark-to-market rules were a step in the right direction, but they weren't sweeping enough. Now, Geithner wants to undermine them in favor of his own plan.
Geithner's plan will grant favored institutions access to taxpayer dollars so they can profit massively by underpaying for assets with free leverage. If you're not one of them, the whole plan stinks. No wonder Geithner has to keep going back to the drawing boards. It's early in Mr. Geithner's term, but it's not too early to show him the door. At least we can hope for someone better.
Last week, Tavakoli said Geithner's appointment was a mistake:
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http://www.forbes.com/2009/04/24/steve-forbes-geithner-intelligent-investing-fed.html
GEITHNER SHOULD RESIGN
FORBES - April 27, 2009
by Steve Forbes
Timothy Geithner, get out of the way! It looks to me like our Treasury secretary, a few months into the job, is trying to usurp Hank Paulson's status as the worst Treasury Secretary in history.
Treasury Secretary Geithner isn't a newcomer to this financial crisis. As chairman of the New York Fed, he was intricately involved in the last administration's attempts to quell the credit markets. Geithner was supposedly going to hit the ground running, but instead he took an inordinate amount of time to come up with a pointlessly complicated plan to remove toxic assets from bank balance sheets.
The banks don't need to get rid of these assets, and they're not all actually toxic. All the banks need is time and regulators who will let them realistically price their assets at around 60 cents on the dollar. Recent revisions to mark-to-market rules were a step in the right direction, but they weren't sweeping enough. Now, Geithner wants to undermine them in favor of his own plan.
Geithner's plan will grant favored institutions access to taxpayer dollars so they can profit massively by underpaying for assets with free leverage. If you're not one of them, the whole plan stinks. No wonder Geithner has to keep going back to the drawing boards. It's early in Mr. Geithner's term, but it's not too early to show him the door. At least we can hope for someone better.
Last week, Tavakoli said Geithner's appointment was a mistake:
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