Skip to comments.Top Ten Disturbing Aspects of Obama’s Choice of Treasury Secretary
Posted on 01/21/2009 9:55:35 AM PST by mojito
Barack Obamas nomination of Timothy Geithner for Treasury Secretary, and the circumstances surrounding it, have raised many issues and questions not only about the nominee himself, but also about senators and others reviewing it, the medias coverage, and ultimately his presumptive bosss leadership.
Here are the top ten disturbing aspects of the Geithner nomination, not in order of importance until number one.
10. His performance in his previous job
Geithner became president of the Federal Reserve Bank of New York in 2004. The New York Feds about page says that one of its duties is to ensure a safe and sound banking system, and that it conducts onsite and offsite examinations of banks in New York, New Jersey, and Fairfield County in Connecticut. Since so many major financial institutions are under the New York Feds jurisdiction, Geithners New York Fed has an outsized role in ensuring the soundness of the banking system nationwide.
But in the same November 24 New York Times article that describes him as a 47-year-old wonder boy, reporter Andrew Ross Sorkin quotes several anonymous Wall Street CEOs who question whether hes up to the challenge. His roles in managing the unravelings at Bear Stearns, AIG, and Merrill Lynch, the bankruptcy at Lehman, and the ongoing implosion at Citigroup deserve scrutiny. They appear to be getting none.
Beyond that, the suddenness of these collapses should lead nomination-vetting senators to question the quality of and follow-up relating to examinations done on Geithners watch. Can the money center blowups be traced to years of inadequate oversight?
(Excerpt) Read more at pajamasmedia.com ...
Anyone who fails to pay their taxes in a timely fashion should now demand same preferential treatment as he received.
He's a tax cheat AND uses illegal help but they want to give him a pass. So that sounds about right.
The FAIRTAX is a far better solution.
It would have kept poor little Timmy here out of trouble and...
What? Say again?? Oh, you say that because he was well connected, HE didn't GET into trouble?
I think there is a certain expectation by people who are that high on the food chain (regardless of party) who really DO believe:
-they are above the law
-only little people pay taxes
If I found out today that EVERY member of Congress pays less than minimum wage to their domestic help and also pays less income tax than I do (I am upper middle class), I would be OUTRAGED but not at all surprised.
Perhaps now joe the plumber should demand a cabinet position since he didn’t pay a few hundred bucks in county taxes
Try getting a job at any bank with a poor credit history, or tax liens on your record.
What will be revealing is which Republicans vote to confirm his nomination.
This should be a “litmus test” vote for Republican Senators.
I did a little editing on the signature line and fill-in section on lines 57-60.
Carrol Quigley - the bankers’ plan
“The Power of financial capitalism had [a] far reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.
This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.
The apex of the system was to be the **Bank for International Settlements in Basel, Switzerland**, a private bank owned and controlled by the world’s central banks, which were themselves private corporations.
Each central bank sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world.”
Carrol Quigley, Tragedy and Hope, 1966 - [Bill Clinton’s mentor and Georgetown University professor]
Mr. Geithner serves as chairman of the G-10âs Committee on Payment and Settlement Systems of the Bank for International Settlements. He is a member of the Council on Foreign Relations and the Group of Thirty.
Call your Senators.
Do it NOW!
Call your Senators.
Do it NOW!
Zoe Baird (Clinton, 1993), Kimba Wood (Clinton, 1993), and Linda Chavez (Bush, 2001) all had relatively minor or potential issues with self-employment taxes on household help. Geithners unpaid amounts were exponentially larger. Is there a whiff of male chauvinism in the air?
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