TurboTax cheat Tim Geithner whines about Sarah Palin’s criticism over QE2
END THE FED! Treasury Secretary and TurboTax cheat Tim Geithner called Sarah Palin’s criticism over QE2 and the Federal Reserve’s overall monetary policy “a remarkable thing.” Whiny Geithner also said (according to Politico):
Turbotax cheat Tim Geithner sought economic advice comedian Jon Stewart back in April
How clueless are the clowns in the Obama regime? Turbotax cheat and current Treasury Secretary Timothy Geithner sought advice on the economy, financial regulation and China’s currency issues from non other than Jon Stewart! As much of a joke as this seems, and as much of a joke this regime is, this story is no joke. Bloomberg broke this story last night, and details what happened. Considering that Austan Goolsbee who is the leader of Obama’s Council of Economic Advisors is also Stand-up Comedian I guess I shouldn’t be too terribly surprised.
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Turbo Tax cheat Tim Geithner – If banks mess up lets DISMEMBER them!
Hmm.. Isn’t rhetoric like this from Turbo Tax cheat Timothy Geithner the kind of words that could incite violence? “Dismembering” banks seems like a violent way to say “oh, we just want to make sure there is more tax payer funded bailouts.” Of course, had Rush Limbaugh said something like this, you could bet your bottom dollar left wing nuts in the media would be having a hissy fit. Here is a clip from his interview on ABC with chief Obama slurper George Stephanopoulos,
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Obama Administration to Tea Parties: We’re on Your Side
I nearly lost my lunch when I read this story over at Fox News. After insulting, ridiculing, slandering and accusing the Tea Partiers as being racist, or Timothy McVeigh wannabes, suddenly the Obama regime, err adminstration is on the side of them. At least thats what Turbo Tax cheat Timothy Geithner had to say.
Timothy Geithner when he was leader of The Federal Reserve Bank of New York told AIG to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis
It was always a bit puzzling why Obama picked this slug to head the Treasury Department. He wasn’t popular, he cheated on his taxes which made the administration look even worse, and did a horrendous job leading the Federal Reserve Bank of New York. Now it becomes quite clear why Obama picked Geithner, for transparency reasons. Just like Obama and the Democrats in Congress continue to hide the details from the public about health care negotiations, despite Obama’s multiple promises during te campaign to have them televised on TV, Geithner likes hiding things too. According to this Bloomberg story, e-mails have been uncovered that have Geithner telling AIG to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis. If this story ever catches fire in the media (don’t hold your breathe), the story about Chris Dodd taking over for Geithner may become a reality after all!
Obama’s Golden Parachute for Chris Dodd – Treasury Secretary
Before you puke, this isn’t confirmed or anything. But as Hotair notes, there are whispers among multiple Senate aides that friend of Angelo Chris Dodd could replace current Treasury Secretary Turbo Tax Timothy Geithner!
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Tax cheat Timothy Geithner out, Jamie Dimon in as U.S. Treasury Secretary?
According to Newsmax, several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources. Dimon has said “would love to serve his country,” the paper quoted people familiar with his thinking as saying.
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Tax cheat Geithner spews profanity at meeting with top U.S. financial regulators – Its the Chicago way!
Taking a book from Chicago politics, Turbo Tax Cheat Timothy Geithner blasted top U.S. financial regulators in an expletive-laced critique last Friday as frustration grows over the Obama administration’s faltering plan to overhaul U.S. financial regulation, according to people familiar with the meeting (and this Wall Street Journal article).
Even the Chinese laugh at tax cheat Geithner
Tax cheat Tim Geithner, or as i like to call him “Squeak” Scolari is quite the laughing stock here in the US. It seems the Chinese have found ole tax cheat Geithner to be quite the joke too, as per this reuters article:
China is the biggest foreign owner of U.S. Treasury bonds. U.S. data shows that it held $768 billion in Treasuries as of March, but some analysts believe China’s total U.S. dollar-denominated investments could be twice as high.
“Chinese assets are very safe,” Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.
Our Treasury Secretary
Jim Demint owns and destroys tax cheat Tim Geithner
Whats the exit strategy Timmy? “That’s hard to say right now,” is the only reply Geithner could muster when Jim Demint questioned him. Here’s the complete exchange from the Washington Post:
GOP Senator Hammers Geithner
11:29 A.M.: Geithner was hammered by a Republican senator decrying Treasury’s growing power over the American economy.
“This is not mission-creep,” said Sen. Jim DeMint (R-S.C.). “This is a stampede of any traditional understanding of constitutional boundaries.”
DeMint called Geithner the chief executive of the American economy. And he didn’t mean it in a good way.
DeMint complained that “we hear very little talk about exit strategies.” He asked Geithner how much of the $700 billion government bailout will be returned to Treasury’s general fund within five to six years.
“That’s hard to say right now,” Geithner said, deflecting: “If we are successful, that money will come back with substantial interest.”
Geithner added that the way the bailout was designed, for each $1 that is paid back, $1 can be lent back out.
“So it’s your understanding that you have $700 billion to use permanently as you see fit?” DeMint asked incredulously.
Geithner wouldn’t take the bait. “I’m not quite sure ‘permanently’ is right,” he said.
BTW, anyone remember the movie BASEketball? Doesn’t tax cheat Geithner look a little like Squeak Scolari?
Not only does Obama, euros, and latin america dictators bash the US, so does tax cheat Timothy Geithner now!
Now its tax cheat Timothy Geithner blaming America for the world’s “woes”. I don’t know if its America’s fault that he’s a dirty tax cheat, in a facist administration, but according to Geithner from Yahoo:
The United States bears “substantial” blame for the woes besetting the world economy but it will take a global effort to ease those strains, U.S. Treasury Secretary Timothy Geithner said on Wednesday.
Speaking to the Economic Club of Washington, Geithner said it was essential to find a better-balanced model for world growth that relies less on U.S. consumers as economies bid to climb out of the steepest downturn in decades.
“We must set ourselves on a path so that one country, or group of countries, does not consume in excess while another set of countries produces in excess,” he said.
Geithner’s power grab continues – puts official on ‘leave’
Considering how few want to work for Tax Cheat Geithner in the first place, does anyone else find this odd, or a bad idea by Timmy? From Michelle Malkin’s site, she mentioned an article today in the WSJ about this “Put on leave” moment, and how odd it is:
WASHINGTON (Dow Jones)–The acting director of the Office of Thrift Supervision has been put on leave pending a review of the agency’s role in the backdating of capital infusions by some banks, the agency said Thursday evening.
OTS said in a surprise statement that Scott Polakoff, who has been serving as acting director of the OTS, would be replaced by OTS Chief Counsel John Bowman during the review by the Treasury Department.
Tax Cheat Geithner to Seek Power Over Large U.S. Hedge Funds, Derivatives on Thursday
From Bloomberg:
March 26 (Bloomberg) — Treasury Secretary Timothy Geithner will ask Congress to bring large hedge funds, private- equity firms and derivatives markets under federal supervision for the first time as part of a revamp of U.S. financial rules.
The Treasury chief will present his proposed framework at a House Financial Services Committee hearing in Washington today. Under the new so-called rules of the road, the government would get powers to seize and wind down any financial company big enough to destabilize the banking system.
The Obama administration is counting on public anger over the taxpayer-financed rescues of American International Group Inc., Bear Stearns Cos. and other firms to help it win approval for the changes, which could be the most sweeping since the 1930s. Policy makers want to improve the oversight of the financial system now rather than wait until the crisis is over, administration officials said on condition of anonymity.
“We have a moment now where there is broad-based will to change things that people did not want to change in the past,” Geithner said yesterday in a speech in New York. “We want to begin the process now of trying to build consensus while people recognize and are feeling so acutely the damage caused by those basic failures in regulation.”
Geithner speaks, dollar plummets, now tax cheat is open to the ‘China Proposal!’
Treasury Secretary and Tax Cheat Tim Geithner sent the dollar tumbling after comments he made about China’s ideas for overhauling the global monetary system. According to Bloomberg:
Geithner was initially asked at a Council on Foreign Relations event in New York about proposals from People’s Bank of China Governor Zhou Xiaochuan for a new international reserve currency. He said “as I understand his proposal, it’s a proposal designed to increase the use of the IMF’s special drawing rights. And we’re actually quite open to that.”
The dollar slid as much as 1.3 percent against the euro within 10 minutes of news accounts of Geithner’s remarks. The U.S. currency was down 0.6 percent at $1.3553 as of 12:31 p.m. in New York.
Roger Altman, who worked with Geithner as deputy Treasury secretary in the Clinton administration, later asked Geithner whether he wanted to “clarify” his remarks.
“I’d like to ask one final question, in effect on behalf of the market,” said Altman, founder of Evercore Partners Inc. “Let me ask the question this way. Do you see any change over the foreseeable future in the basic role of the dollar as the world’s key reserve currency?”
‘Strong’ Dollar
No one wants to work for tax cheat Geithner – STILL!
Frank Brosens, a hedge fund manager who was tax cheat Geithner’s choice to run the office overseeing the $700 billion bank bailout program withdrew his name from consideration. Wow another one? Bloomberg has the info:
Frank Brosens, a founding partner of Taconic Capital Advisors LLC, confirmed in an e-mail he is no longer in the running for the job, which requires Senate confirmation. The position is currently held by Neel Kashkari, a holdover from the Bush administration.
Geithner is having difficulty filling vacancies and is President Barack Obama’s only confirmed appointment at the department as the administration grapples with the biggest financial crisis since the Great Depression. At a congressional hearing today, the Treasury chief said that hiring isn’t easy.
“We’re finding a lot of people willing to come serve their country at this moment of challenge, and I think that’s very encouraging,” Geithner told the House Financial Services Committee. “We’re going to need some more people, though, and we’re working very hard to bring in enough talent to help us get through this.” . . .
Tax cheat Geithner’s plan – cash for trash
The “cash for trash” plan as Hotair calls it debuted on Monday and the result is the fifth-biggest point gain in Dow history. Did the tax cheat finally fix last month’s speech fiasco? Hope and Change:
The Treasury plan “may be a game-changer, because it’s been sprinkled with some better-than-expected economic data,” says Tom Sowanick, chief investment officer at Clearbrook Financial in Princeton, N.J. “If the tea leaves all start to line together I think this will be the beginning of a major bull market.”…
“You cannot fight this intervention,” Steve Grasso, of Stuart Frankel, told CNBC. “When you start to see the market just climb after weeks and months of being sold out, you have to participate.”
Michelle Malkin isn’t so impressed.
Congress, Geithner lie again. Video shows they knew about the AIG bonuses on March 3rd!
Remember last week when tax cheat Geithner and Congress claimed they had no clue about these AIG bonuses until last week? Sorry Charlie (Rangel) and Timmy, and Banking Queen, etc, your lies have been exposed again. Watch this clip from a March 3rd hearing of the House Ways and Means Committee in which Rep. Joseph Crowley (D-NY) specifically mentions the upcoming payouts of over $162 million in bonuses to AIG execs, the very same number that inflamed Washington DC this week:
The full transcript circulating on the Hill is also available on at Malkin’s article linked above.
Another pathetic Obama Joke
Aside from the insult to handicapped people, Hussein Obama made another pathetic joke on Thursday, well maybe not because he actually believes this. According to Michelle Malkin and Google, Obama actually said to Leno that Treasury Secretary and tax cheat Tim Geithner was doing an “outstanding job.”
President Barack Obama says his embattled treasury chief, Timothy Geithner, is doing an “outstanding job.”
In a taped appearance on “The Tonight Show”, he told host Jay Leno that Geithner is a smart guy who’s been handed an incredibly full plate. But he’s handling it all with grace and good humor. Listing the recession, the banking crisis and the need to coordinate with other countries, Obama acknowledged Geithner’s “on the hot seat”. But he says too many in Washington are trying to figure out who to blame for things — when they should be focused on fixing them.
Citigroup chief economist Lewis Alexander to become counselor to Treasury Secretary Geithner
From Yahoo:
WASHINGTON (AP) — Citigroup’s chief economist is being tapped for a job at the short-staffed Treasury Department, which is at the center of the Obama administration’s efforts to battle the financial crisis.
Lewis Alexander will become a counselor to Treasury Secretary Timothy Geithner, according to a government official who spoke on condition of anonymity because a formal announcement has not been made. Alexander will work on domestic finance matters, the official said.
Alexander had worked at the Federal Reserve and also served as the Commerce Department’s chief economist in the 1990s.
Geithner so far has battled the crisis with no key deputies in place. That’s made for a rocky start for the man President Barack Obama put on the front lines of the financial crisis.
Treasury’s handling of a $700 billion financial bailout fund has drawn fierce criticism from Congress and the American public. The government has put up hundreds of billions of taxpayers’ dollars to rescue troubled financial companies, including American International Group, Bank of America and Lewis Alexander’s own Citigroup Inc.
In late February, the government said it will exchange up to $25 billion in emergency bailout money it provided Citigroup for as much as a 36 percent ownership stake in the struggling bank, a move that could put taxpayers at greater risk. The deal represented the third rescue attempt for Citigroup in the past five months. It’s contingent on private investors agreeing to a similar swap.
As a Wall Street insider from a bank that has been one of the largest recipients of government rescue funds, Alexander’s appointment could raise some eyebrows. In December 2007, he was quoted as saying that while he believed the housing market would remain weak well into 2008, it was more likely that the economy would keep growing than head into recession, adding that the housing bubble was “correcting on its own.”
*11* AIG Employees received bonuses of over a million dollars, some of which are no longer with the company!
Hussein Obama said he has “complete confidence” in Treasury schmuck, err Secretary Turbo Tax Timothy Geithner. Hussein Obama also mention that and any suggestion that Turbo Tax Timmy screwed up over the AIG bonuses storm is “unfair” the White House said Tuesday. In sports, usually when you get a “vote of confidence” like this, it means you are toast. In the Hussein Obama dictatorship, you can probably take it at face value. The man who cheated on his taxes, who was like AIG “too big too fail” is the laughing stock of the world. Has been one since he first appeared onto the scene after being confirmed by Congress. The so called brilliant Geithner, who worked on the bailouts for AIG, had NO IDEA about all the bonues that AIG had contractual obligions to pay out until last week! Is this the man you want in charge of “coming after you for your taxes”? One of Michelle Malkin’s readers has a suggestion:
I don’t understand why AIG doesn’t just borrow the same approach Obama took to defending the $410B pork-laden spending bill he just signed in private. Seeing as how the bonuses were earned for work done in 2008, AIG should just call the bonuses, “Last year’s business” and make all kinds of lofty promises about how now, for real, going forward, now that they’re paid, AIG is really going to clamp down on companies abusing bonuses because paying them is despicable.
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