Timothy Geithner

The Blob Is Spreading

How many of you remember the movie "The Blob"? I swear that movie is the only way to describe what I keep finding. I was not planning on writing anything for a few days because I am reading and background processing some information that I received over the weekend and trying to integrate it into the whiteboard web, but I could not let THIS go by.  My loyal readers will know exactly where I am going with this. Rattner to Join Treasury as Auto-Industry Adviser Steven Rattner, co-founder of private-equity firm Quadrangle Group, is joining the Treasury Department as a…
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Today’s AYFKM? Award: Has Everybody Missed The Irony?

I heard this in the background today and am wondering if anybody else has picked up on the irony and hypocrisy of this statement?  (I'm writing it instead of using a video because hearing it sometimes goes wayyyyy tooooo fast.) "What gets people upset -- and rightfully so -- are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers,'' the president said. Am I the only one that thinks that The One is being incredibly hypocritical?  Are we not rewarding failure right now by bailing these banks out?  Why should The One be concerned about…
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The Day After….The Hangover Continues

It is the day after the Democrats in the House passed the $819B, (really $1.2 Trillion), stimulus/spending package with all of Nancy's pet projects getting their share of our pie, and what do I wake up to?  The DOW has given back half of it's gains from yesterday (so far), and two articles that are surely going to make y'all feel warm and fuzzy today: Hill Republican: Stimulus Aids Illegal Immigrants: (Your tax dollars at work!) WASHINGTON (AP) - The $800 billion-plus economic stimulus measure making its way through Congress could steer government checks to illegal immigrants, a top Republican…
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It’s All About The Judgement…and the Taint

Monster readers know what I think about The Fed.  Is it any wonder that I believe that confirming the president of the New York Federal Reserve Bank, Timothy Geithner, to be the Treasury Secretary will be just one more reason to FIRE CONGRESS? I was watching C-SPAN this morning and listening to Geithner say that "he should have asked more questions" when he was being audited by the IRS.  We are talking about 4 years of unpaid taxes and an IRS audit, and yet, he did not ask every single question that comes to mind; or was it that the…
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