Geithner Must Go

A

azbob

Guest
When The Obama was elected I was willing to give him a chance especially because I agreed with what I thought would be his vision of building consensus that was best for the country.

The first problem (followed by hundreds of others) was when he named Timothy Geithner to his current role.

From the many books to an HBO docu-drama, Geithener's role in the downfall and attempted rebuilding of the investment banks has universally been depicted as in over his head and failures...that was before his appointment.

Once appointed, we learned he couldn't use TurboTax accurately to do his own taxes, we have had the failed stimulas and unemployment continues to grow. Don't forget, the Dems had control of both houses for two years and could have picked any date as the debt ceiling deadline. Where was the leadership guidance there?

This weekend, he is on the talk shows again displaying a lack of understanding of the economy and furthering the "end of the world" scenario even though last week he was quoted as saying there is no back-up plan if the debt ceiling is not raised.

In other words, what has he done that has been proactive, resulted in any level or success or has supported the country rather than his big bank colleagues?

For all of the discussion in this forum and divergence of opinions, I at least hope we can agree that Geithner must immediately go.
 

smurphy

cartographer
Forum Member
Jul 31, 2004
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L.A.
No time to make him go. Work with him. We can come up with a good plan.
 

Lumi

LOKI
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Aug 30, 2002
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In the shadows
Geithner gave Fed official waiver on AIG holdings

Geithner gave Fed official waiver on AIG holdings

Geithner gave Fed official waiver on AIG holdings

<!-- | http://madjacksports.com/forum/#comments_controls
-->Mark Felsenthal and Pedro da Costa
Reuters

Posted July 25, 2011

WASHINGTON (Reuters) ? Treasury Secretary Timothy Geithner, while head of the New York Federal Reserve Bank, granted a waiver that allowed his eventual successor William Dudley to hold on to investments in firms getting emergency help.

Dudley, a former partner at Goldman Sachs who at the time ran the New York Fed?s powerful markets desk, was allowed to maintain his financial stake in insurance giant AIG, whose government bailout helped prop up investment firms like Goldman Sachs.

Senator Bernie Sanders, an independent and a critic of the Fed?s financial bailouts, called the finding from a Government Accountability Office audit released on Thursday ?disturbing.?
[...]

?(Three) days after the Federal Reserve Board authorized FRBNY (the Federal Reserve Bank of New York) to assist AIG ? the then-FRBNY President granted ? a waiver to a senior management official with financial interests in AIG and GE (General Electric) who was involved in decision making related to these two companies,? the investigative agency said.

Read full article
 
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