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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on November 19, 2009, 05:46:02 PM
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Agreed - lets get Schiff on the job.
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If Timmy steps down, you are guaranteed to get another GS alumni.
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Sad but true - seems only ex-GS people have the 'smarts' to 'run' the Treasury... :'(
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ASKED HIM TO STEP DOWN???? Kevin should have whipped out a 38 and shot Timmy, Bernanke and Paulson right on the spot. I am sure no jury anywhere would have convicted him of a crime...as a matter of fact the america would APPLAUD THE ACTION...
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Geithner was OWNED! I can't stand that sniveling homo.
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Geithner was OWNED! I can't stand that sniveling homo.
I like how he always adds, "Which was approved by congress....", shifting any blame to anyone else but himself.
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He was put there for a reason. Dont forget it. Same with Obama. Both are NWO puppets.
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I like how he always adds, "Which was approved by congress....", shifting any blame to anyone else but himself.
Typical American attitude these days. Never take responsibility for your own actions...because it isn't your fault.
Who edited my post?
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From the Market Ticker.
Bloomberg wasted no time giving the "loyal opposition" to transparency all the digital ink they desired:
“It’s going to be seen as weakening the independence of monetary policy with consequent negative implications,” Frank told reporters after the vote. “People are going to be worried about the impact on the dollar, on the interest rate.”
Go listen to Mr. Grayson's statement again. Now tell me how The Fed's move to dilute our currency literally by half isn't going to "raise inflation expectations" and "have an impact on the dollar."
Never mind the impact that has already occurred. Is Barney Frank freaking blind? What say you to this, Mr. Frank, considering that all of this dollar damage has occurred since The Fed decided to start monetizing Treasury and MBS debt:
(http://market-ticker.denninger.net/uploads/Nov2009/dx.serendipityThumb.png)
Exactly what sort of "damage" are you worried about Mr. Frank? Is not this enough for you? This damage - a roughly 20% devaluation since March - occurred since The Fed announced its "purchase" programs, specifically the purchase of MBS paper for which it appears to have absolutely no legal authority.
How does an audit - determining if The Fed intentionally overpaid, if the transactions were commercially reasonable, if they were designed to help some people and screw others, if The Fed is hiding losses and if the transactions performed even comport with the law - hurt the dollar and inflation expectations? Have you seen the price of GOLD lately Mr. Frank? The gold traders clearly believe The Fed has every intention of re-creating Weimar Germany!
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IMO, Obama had plenty of good options instead of Geithner.
Geithner is IMO disqualified more or less due to his close ties to the very banks he's supposed to regulate.
He may very well do an outstanding job at it.
But the very suspicion that Geithner's decisisons are influenced by what he did only 18-36 months ago, is... troubling to say the least.
The more you think of it, the more it seems like a fcuking joke that Geithner is the Treasury.
It's just as bad as when Hank Paulson, former CEO of Goldman Sachs, was the Treasury during the Bush administration. And Dick Cheney, Mr Chairman of Corporate America himself, was the VP.
And Obama appoints Geithner?
He could've appointed Krugman, or some other progressive economist. It's not like there weren't any available.
But he choose to go with a Wall Street insider.
Priceless.
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They are all running around like chickens with their heads cut off, (Timmy, the Fed, etc...) Look for the Fed hammer to come down in the next couple of weeks to stop this from going any further.
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IMO, Obama had plenty of good options instead of Geithner.
Geithner is IMO disqualified more or less due to his close ties to the very banks he's supposed to regulate.
He may very well do an outstanding job at it.
But the very suspicion that Geithner's decisisons are influenced by what he did only 18-36 months ago, is... troubling to say the least.
The more you think of it, the more it seems like a fcuking joke that Geithner is the Treasury.
It's just as bad as when Hank Paulson, former CEO of Goldman Sachs, was the Treasury during the Bush administration. And Dick Cheney, Mr Chairman of Corporate America himself, was the VP.
And Obama appoints Geithner?
He could've appointed Krugman, or some other progressive economist. It's not like there weren't any available.
But he choose to go with a Wall Street insider.
Priceless.
Hedge - please do more reading on this.
Geithner was Paulsons' right hand man and was the third person in the room when TARP under Bush was hatched. It was Geithner,Paulson, and Bernake who camr up with it.
Remember, Obama supported TARP 100% the first go around.
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IMO, Obama had plenty of good options instead of Geithner.
Geithner is IMO disqualified more or less due to his close ties to the very banks he's supposed to regulate.
He may very well do an outstanding job at it.
But the very suspicion that Geithner's decisisons are influenced by what he did only 18-36 months ago, is... troubling to say the least.
The more you think of it, the more it seems like a fcuking joke that Geithner is the Treasury.
It's just as bad as when Hank Paulson, former CEO of Goldman Sachs, was the Treasury during the Bush administration. And Dick Cheney, Mr Chairman of Corporate America himself, was the VP.
And Obama appoints Geithner?
He could've appointed Krugman, or some other progressive economist. It's not like there weren't any available.
But he choose to go with a Wall Street insider.
Priceless.
Yep. Also, I wish I could forget to pay $80,000 in taxes and then basically run our economic policy.
Wait...I don't make $80,000 a year. Shit, does this mean I'm not a real getbigger?
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They are all running around like chickens with their heads cut off, (Timmy, the Fed, etc...) Look for the Fed hammer to come down in the next couple of weeks to stop this from going any further.
Look, I'm not even saying Timothy Geithne is doing a bad job.
But his ties to Wall Street should disqualify him from the job IMO.
Would it be over here, a Treasury would never be appointed if they came straight from a job at an investment bank.
There would be a question of some type of quarantine. And I don't think Geithner has long enough of quarantine.
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Geithner is knee deep in the mess we have considering his work during the Clinton Admn.
Everyone seriously needs to watch "The Warning" that is on PBS.org to see how this disaster was started. All of sudden, blaming Bush for everything wont seem like such a good idea.