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Keyword: timgeithner

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  • Book: Treasury Secretary ignored Obama directive

    09/15/2011 8:55:58 PM PDT · by quantim · 15 replies
    AP/WorldMag ^ | Sep 15, 9:05 PM EDT | ANTHONY McCARTNEY
    NEW YORK (AP) -- A new book offering an insider's account of the White House's response to the financial crisis says that U.S. Treasury Secretary Tim Geithner ignored an order from President Barack Obama calling for reconstruction of major banks. According to Pulitzer Prize-winning author Ron Suskind, the incident is just one of several in which Obama struggled with a divided group of advisers, some of whom he didn't initially consider for their high-profile roles. Suskind interviewed more than 200 people, including Obama, Geithner and other top officials for "Confidence Men: Wall Street, Washington, and The Education of A President,"...
  • Timothy Geithner Will Stay as Treasury Secretary

    08/08/2011 11:40:10 AM PDT · by SeekAndFind · 16 replies
    Christian Post ^ | 08/08/2011 | Napp Nazworth
    After months of speculation that Treasury Secretary Timothy Geithner would step down after the debt ceiling was raised, he told the President on Friday that he would stay. "Secretary Geithner has let the president know that he plans to stay on in his position at Treasury," according to a statement issued by Assistant Secretary for Public Affairs Jenni LeCompte. "He looks forward to the important work ahead on the challenges facing our great country." "The President asked Secretary Geithner to stay on a Treasury and welcomes his decision," said White House Press Secretary Jay Carney. Geithner was heavily involved in...
  • The Official Calls For Change Roll In: "Fire Tim Geithner"

    08/06/2011 5:47:28 PM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 08/06/2011 | Tyler Durden
    The first official demand for a change at the top as a result of the S&P downgrade has come in, courtesy of Indiana State Treasurer Richard Mourdock, who has just demanded the head of the most incompetent and tax evading Treasury Secretary in US history, on a silver platter. "President Obama should fire U.S. Secretary of the Treasury Tim Geithner over the debt downgrade. If Obama won't remove him, then the US Senate should withdraw its consent of Geithner's appointment to U.S. Treasury because someone in the White House needs to be held responsible for this disaster." Zero Hedge fully...
  • Tim Geithner out, Jon Corzine in? (Timmy doesn’t sound like he's staying in the job much longer)

    08/03/2011 1:30:54 PM PDT · by SeekAndFind · 22 replies
    Hotair ^ | 08/03/2011 | Ed Morrissey
    After the resolution of the debt-ceiling impasse, rumors have been flying that the last senior member of Barack Obama’s original economic team will call it quits. Treasury Secretary Tim Geithner refused to answer questions about his plans yesterday on ABC’s Good Morning America, which doesn’t exactly sound like a man planning on staying in the job much longer: Speculation is rife in Washington that Geithner, who has outlasted all of President Obama’s other original economic advisors, will resign now that the nation’s borrowing capacity has been extended to 2013 and a 10-year, $2.1 trillion deficit-reduction agreement enacted.Geithner’s consideration of a...
  • Lessons of Argentina crisis ignored in handling of Greece

    07/04/2011 5:42:39 PM PDT · by bruinbirdman · 11 replies
    The Telegraph ^ | 7/4/2011 | Jeremy Warner
    For a vision of how the Greek debt meltdown is going to end, look no further than the International Monetary Fund's post mortem into a similar crisis that came to a head almost exactly a decade ago - Lessons From The Crisis In Argentina. Substitute the word Greece for Argentina in the IMF's analysis of eight years ago, and you'd have a near perfect account of the present crisis The policy review document was originally published in October 2003 and signed off by then relatively unknown IMF official called Tim Geithner, now the US Treasury Secretary no less. Strangely enough,...
  • Geithner Reads U.S. Constitution, Imagine That

    06/01/2011 10:51:47 AM PDT · by truthnomatterwhat · 16 replies
    The Voice Magazine ^ | June 1, 2011 | Brian Burke
    Imagine this, U.S. Treasury Secretary Timothy Geithner read from the U.S. Constitution as he sat onstage for an interview with Politico's Mike Allen at the Newseum in Washington May 25, 2011. Not to uphold the constitution, but to make a case for raising the U.S. national debt limit. A bitter partisanship is escalating between the White House and Congress over raising the national debt ceiling. Republicans want to cut spending, while Democrats and the White House want more government. So the Treasurer to make his point utilizes the U.S. Constitution. Holding up a U.S. Constitution pocket-book to his audience, he...
  • Default Deniers: Geithner's Debt Ceiling Deadline Is A Hoax

    05/19/2011 2:37:32 PM PDT · by SeekAndFind · 13 replies · 1+ views
    Business Insider ^ | 05/19/2011 | Grace Wyler
    Forget the birthers, the latest conspiracy theorists to sweep Washington are the "default deniers," a growing group of conservatives who think the prospect of a U.S. default is a hoax. Leading the charge is U.S. Sen. Pat Toomey (R-PA), a Tea Party-backed freshman who claims the Obama administration has greatly exaggerated the threat of the U.S. defaulting on its debt to scare Congress into raising the debt ceiling. As the debt ceiling debate heats up, Toomey's theory has gained surprising acceptance among some Republican lawmakers. Politico reports that nearly 100 House members and 22 senators have signed Toomey's Full Faith...
  • IT'S OFFICIAL: We've Hit The Debt Ceiling, Geithner Implements Emergency Measures

    05/16/2011 7:13:54 AM PDT · by SeekAndFind · 20 replies
    Business Insider ^ | 05/16/2011
    Just announced on the Treasury department blog...Today, the United States has reached the statutory debt limit. Secretary Geithner sent the following letter to Congress this morning alerting them to actions that have be taken to create additional headroom under the debt limit so that Treasury can continue funding obligations made by Congresses past and present. The Secretary declared a "debt issuance suspension period" for the Civil Service Retirement and Disability Fund, permitting Treasury to redeem a portion of existing Treasury securities held by that fund as investments and suspend issuance of new Treasury securities to that fund as investments. He...
  • Former restaurateur charged with theft of sales tax and more

    05/12/2011 12:02:08 AM PDT · by UncleHambone · 13 replies
    Ocala.com ^ | May 6. 2011 | Austin L. Miller
    OCALA - A former restaurant owner and chef was arrested Friday for refusal to pay or file tax return, theft of sales tax and failure to file six consecutive sales tax returns. Loring W. Felix, 52, was picked up by Sheriff's Deputy Brian Haworth at 2811 S.W. 19th Court at 7 a.m. He was taken to the Marion County Jail, where he was booked in. The warrant was signed by Judge Willard Pope on Monday. Bond for the charges was $7,500. Felix's Restaurant had been a fixture at 917 E. Silver Springs Blvd. for close to a decade before closing...
  • Geithner: Debt-Ceiling Debate Is 'Irresponsible'

    04/26/2011 1:09:21 PM PDT · by Baladas · 14 replies
    Wall Street Journal ^ | April 26, 2011 | BRADLEY DAVIS
    NEW YORK—New headwinds—most notably oil prices—confront the U.S. march to recovery, U.S. Treasury Secretary Timothy Geithner said Tuesday. Unemployment, long a weak spot in the economy, remains "very high," and the economy feels "unfairly hard" to most Americans, Mr. Geithner said in comments that weighed on the dollar. He said oil prices at current levels, while challenging, weren't at levels that threaten to derail the recovery. First, though, U.S. lawmakers must agree to increase the debt limit, something some politicians have said they will not do unless there is broad agreement on massive cuts to a bloated federal budget. The...
  • Don't Single Out Standard & Poor's for Being 'Political'

    04/19/2011 11:00:41 AM PDT · by JohnRLott · 3 replies · 1+ views
    Fox News ^ | April 19, 2011 | John R. Lott Jr.
    If you think it's hard now to balance the budget, just wait until our credit rating gets trashed. Monday’s warning from the Standard & Poor’s rating agency -- that the U.S. government’s credit rating could be revised downward -- produced a firestorm in Washington. Republicans called it a "wake-up call," while the Obama administration's chief economist, Austan Goolsbee, lambasted Standard & Poor’s actions as purely "political." Credit ratings aren’t just a matter of national pride. Less dependable, risky borrowers have to pay a higher interest rate to get people to buy their bonds. Right now the our government only has...
  • Is Obama's Team Ready to Dump the Dollar?

    03/18/2011 5:15:32 PM PDT · by Iam1ru1-2 · 33 replies
    GOPUSA.com ^ | March 18, 2011 | Bobby Eberle
    Back in October, Treasury Secretary Tim Geithner gave a speech in which he answered a question about the U.S. dollar. Geithner said that America needed to "work hard to preserve confidence in the strong dollar." My, oh my, how quickly things change. This week, Geithner said he was "quite open" to the establishment of a new global reserve currency. The dollar plunged upon news of the statement, and one has to wonder, does the Obama administration really support America? In a column written in October, Lawrence Kudlow focused on Geithner's comments (or lack thereof) regarding the dollar. In fact, Geithner...
  • Geithner Rocked at Senate Hearing, Forced to Admit the Truth About Obamanomics

    02/17/2011 6:07:34 PM PST · by BamaBlue · 48 replies
    Fox Nation ^ | February 17, 2011 | Unknown
    Sen. Jeff Sessions: “…Under your budget, the interest increases each year. It was $187 billion in 2009, under your proposal it increases to $844 billion” Treasury Tim Geithner: “Senator, absolutely, it is an excessively high interest burden, it’s unsustainable”
  • More Fright-peddling, More Bailouts

    01/20/2009 9:33:48 AM PST · by Coleus · 3 replies · 223+ views
    thenewamerican ^ | William F. Jasper
    Round two of the economic crime of the century has begun. On January 12, Lawrence Summers, President Obama's designee to become director of his National Economic Council, sent a letter to congressional majority and minority leaders seeking the second half of the $750 billion approved by Congress last October.   Citing Obama's economic speech of January 8, Summers wrote: "As the President-elect recently stated, 'we start 2009 in the midst of a crisis unlike any other we have seen in our lifetime.'" As you no doubt recall, last September Congress, fearing the wrath of constituents, rejected a bailout scheme put together...
  • Treasury Hid A.I.G. Loss, Report Says

    10/26/2010 6:53:14 AM PDT · by Qbert · 14 replies
    NYT ^ | 10/26/2010 | Mary Williams Walsh
    The United States Treasury concealed $40 billion in likely taxpayer losses on the bailout of the American International Group earlier this month, when it abandoned its usual method for valuing investments, according to a report by the special inspector general for the Troubled Asset Relief Program. “In our view, this is a significant failure in their transparency,” said Neil M. Barofsky, the inspector general, in an interview on Monday. In early October, the Treasury issued a report predicting that the taxpayers would ultimately lose just $5 billion on their investment in A.I.G., a remarkable outcome, since the insurance company was...
  • Geithner Vows US Will Not Devalue Dollar

    10/19/2010 6:54:22 AM PDT · by SeekAndFind · 30 replies
    CNBC ^ | 10/19/2010
    U.S. Treasury Secretary Timothy Geithner vowed on Monday that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health. "It is not going to happen in this country." Geithner told Silicon Valley business leaders of devaluing the dollar. Geithner broke his silence on the dollar's protracted slide ahead of this weekend's meeting of finance leaders from the Group of 20 wealthy and emerging nations in South Korea, where rising tensions over Chinese and U.S. currency valuations are expected to take center stage. "It is very important for people...
  • Feds can remedy mortgage me$$

    10/18/2010 4:00:21 AM PDT · by Scanian · 29 replies
    NY Post ^ | October 16, 2010 | JONATHON M. TRUGMAN
    It's a house divided that may not stand. A large proportion of the "fraudclosure" mess may lie at the feet of Fed Chief Ben Bernanke and Treasury Secretary Tim Geithner. There is currently a multi-bank nationwide moratorium on foreclosures as the banks wrestle with the fact that there has been widespread use or misuse of "robo-signing," the signing of an affidavit or attesting to the factual correctness of what was purportedly verified without actually having read it. So those who invented small print didn't have the time or chose not to take the time to read it. To further complicate...
  • Nassim Taleb: Don't Listen to Geithner or Krugman

    10/01/2010 5:34:36 AM PDT · by Lonesome in Massachussets · 4 replies
    Atlantic Magazine ^ | September 30, 2010 | Nicole Allan
    Since Tim Geithner did not predict the economic crisis, Nassim Taleb has no interest in listening to him talk about it now. The author of The Black Swan, a book about risk and probability theory, told National Journal's Matthew Cooper that he did not listen to Geithner, who preceded him at the Washington Ideas Forum.
  • Mayor Bloomberg Is Apparently Being Floated As Tim Geithner's Replacement

    09/01/2010 9:58:32 PM PDT · by The Magical Mischief Tour · 36 replies
    Business Insider ^ | 09/01/2010 | Business Insider
    Apparently New York's Mayor Bloomberg was on the short list to be named Secretary Treasurer back in 2008, and now the White House is revisiting the idea. From the NYPost: "It's been the focus of a lot of discussion," said one Democrat. "He's very well-liked and well-respected on Wall Street." At least the second half is probably true. The roots of this rumor are in Martha's Vineyard. Asked about last weekend's four-hour golf game with President Obama on Martha's Vineyard, Bloomberg told reporters yesterday, "The economy was the main subject, other than discussing golf."
  • Tim Geithner's Empty Cheerleading (IBD Critiques Geithner's NY Times Optimistic Op-Ed)

    08/04/2010 6:57:30 AM PDT · by SeekAndFind · 4 replies
    Real Clear Markets ^ | 08/04/2010 | Investor's Business Daily
    Economy: "Welcome to the Recovery," said the headline over an op-ed by Treasury Secretary Tim Geithner in the New York Times. At first we thought it must be a joke, maybe even a parody. It wasn't. Welcome, indeed. The very same administration that promised unemployment wouldn't rise above 8% if we passed the $862 billion stimulus has dubbed the tepid economic rebound "recovery summer." They seem to think they deserve credit for the mess. "The combined effect of government actions taken over the past two years - the stimulus package, the stress tests and recapitalization of the banks, the restructuring...
  • Welcome to the Recovery (Tim Geithner writes an op-ed in the NY Times telling us to be optimistic)

    08/03/2010 6:57:29 AM PDT · by SeekAndFind · 37 replies · 8+ views
    New York Times ^ | 08/03/2010 | Timothy Geithner
    THE devastation wrought by the great recession is still all too real for millions of Americans who lost their jobs, businesses and homes. The scars of the crisis are fresh, and every new economic report brings another wave of anxiety. That uncertainty is understandable, but a review of recent data on the American economy shows that we are on a path back to growth. The recession that began in late 2007 was extraordinarily severe, but the actions we took at its height to stimulate the economy helped arrest the freefall, preventing an even deeper collapse and putting the economy on...
  • The China That Can Say 'No

    05/26/2010 6:03:50 PM PDT · by Kaslin · 15 replies · 568+ views
    IBD Editorials ^ | May 26, 2010 | Investors Business Daily staff
    Diplomacy: When the U.S. sends its top diplomat and No. 1 economic official to the same country at the same time, it expects results. By that measure, our high-level overture to China this week was a big disappointment. The trip of Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner to China this week can only be called a diplomatic failure. The U.S. has several things on its plate right now that require Chinese cooperation. They include help in financing our soaring debt, which on Wednesday passed $13 trillion for the first time, and getting North Korea, a Chinese...
  • Geithner rejects GOP warnings of Greek-like debt crisis in U.S. ("It won't happen here" says he)

    05/20/2010 11:08:26 AM PDT · by SeekAndFind · 57 replies · 937+ views
    The Hill ^ | 05/20/2010 | Michael O' Brien
    The Greek debt crisis is "not going to happen" in the U.S., Treasury Secretary Tim Geithner said Wednesday. Geithner rejected comparisons, advanced in large part by Republicans in Congress, between the fiscal situation in the U.S. and the debt crisis in Greece that has roiled the European Union, sent Greece to the brink of default and weakened the euro. "It's not going to happen in the United States," Geithner said during an appearance on CNBC. The Treasury secretary said a better-than-expected economy would help strengthen government accounts and stave off any parallels to Greece. "I think the important thing is...
  • Geithner: ‘I Never Had A Real Job’

    04/26/2010 6:14:11 PM PDT · by Red in Blue PA · 13 replies · 576+ views
    blogs.wsj.com ^ | 4/26/2010 | Staff
    “I find that the charge that — the myth that I worked in Wall Street all my life, somewhat amusing,” Geithner said on CNN’s “Fareed Zakaria GPS.” “But it is part of a narrative that hardened. People came to view the judgments we were making through the prism of a myth … it’s actually very damaging. It’s completely false, of course, and it, you know, should have been corrected a long time ago.” .... “What I say is that I never had a real job,” Geithner joked.
  • VIDEO: Geithner: "I Never Had A Real Job"

    04/25/2010 5:51:16 PM PDT · by ianschwartz · 48 replies · 1,621+ views
    RealClearPolitics ^ | April 25, 2010 | RealClearPolitics
    Treasury Secretary Tim Geithner on CNN.
  • Administration to Tea Parties: We're on Your Side (You Lie!!!)

    04/19/2010 10:44:06 AM PDT · by BradtotheBone · 27 replies · 559+ views
    Fox News ^ | April 19, 2010
    Treasury Secretary Tim Geithner said in an interview Sunday, when asked about the Tea Party protests, that the Obama administration is paying more attention to the deficit than the Bush administration did. Tea Partiers, the Obama administration is on your side. That's been the message from the White House over the past few days, as top officials dispute charges that Washington is on a spending binge and encourage conservative protesters to count their blessings. Treasury Secretary Timothy Geithner, when asked about the Tea Party protests, said in an interview Sunday that the Obama administration is paying more attention to deficit...
  • Unemployment to stay 'unacceptably high' (for sometime) -Tim Geithner

    04/01/2010 6:16:41 AM PDT · by SeekAndFind · 27 replies · 563+ views
    Reuters ^ | 04/01/2010
    The U.S. unemployment rate, currently at 9.7 percent, will remain "unacceptably high" for some time to come, U.S. Treasury Secretary Timothy Geithner said on Thursday. "The unemployment rate is still terribly high and it's going to stay unacceptably high for a long period of time," Geithner said on NBC's "Today" Show. The government reports its March unemployment figures on Friday. Economists polled by Reuters expect the report to show that the economy has added 200,000 jobs, which would mark only the second time jobs have increased since the recession started in December 2007. "The economy's going to start creating jobs...
  • Is Sharia-Compliant Finance Alive and Well at AIG?

    02/03/2010 7:33:10 PM PST · by BobMcCartyWrites · 3 replies · 320+ views
    Bob McCarty Writes ^ | 2-03-10 | Bob McCarty
    After you read the excerpt below from Frank Gaffney's piece on Sharia-compliant finance published today at BigGovernment.com, you'll begin to understand the seriousness of the story and why I designed the new faux logo for AIG:
  • MUST SEE: Mass. DEMOCRAT Chews Out Geithner: "Stinks To High Heaven"

    01/27/2010 8:54:37 AM PST · by ianschwartz · 31 replies · 2,581+ views
    RealClearPolitics ^ | January 27, 2010 | RealClearPolitics
    Rep. Stephen F. Lynch (D-MA): "It makes me doubt your commitment to the American people." Watch Geithner's reaction to the chewing he gets.
  • Obama's Foursome

    01/25/2010 8:06:44 AM PST · by opentalk · 396+ views
    American Spectator ^ | 1.25.10 | The Prowler
    MEN OF HONOR Apparently, if you want to cheat on your wife or spurn the mother of your unborn child, cover up and easily settle your institution's criminal efforts to help Americans avoid paying their federal income taxes, or just avoid paying your own fair share, the place to be is on President Barack Obama's economic-recovery advisory board. Because that's where Robert Wolf, chief executive of UBS Group Americas, the U.S. arm of one of Switzerland's largest banks, UBS AG, sits, as do Charles E. Phillips, President of Oracle Corporation, Peter Orszag, the director of the Office of Management of...
  • Geithner's Christmas Present: Unlimited Fannie And Freddie Bailouts

    12/26/2009 7:31:28 AM PST · by St. Louis Conservative · 10 replies · 821+ views
    The Business Insider ^ | December 26, 2009 | Henry Blodget
    The Treasury snuck in another big bailout on Christmas Eve: It removed the cap on the amount of money it will provide to Fannie Mae and Freddie Mac to cover their ongoing mortgage losses. There is now no limit on how much we taxpayers will shovel down these black holes. The move is designed to reassure Fannie and Freddie bondholders, who provide a lot of the money the companies use to support the housing market. These bondholders have now apparently been given an explicit government guarantee, in perpetuity. The move is also obviously designed to continue to prop up house...
  • Geithner's Stock Plummeting (in danger of being ranked w/ the most ineffectual Treasury secretaries)

    11/20/2009 6:58:53 AM PST · by SeekAndFind · 23 replies · 818+ views
    The Daily Beast ^ | 11/20/2009 | Jeff Madrick
    Tim Geithner hotly defended his job Thursday in front of angry Republican congressmen who asked him to step down. "What I can't take responsibility is for the legacy of crises you've bequeathed this country," he shot back. It is not easy being the secretary of the Treasury in the midst of so much economic turmoil. But even under current conditions, Tim Geithner’s credit is running exceptionally low. He is already in serious danger of being ranked with the most ineffectual Treasury secretaries in recent history—along with David Kennedy under Nixon, Michael Blumenthal under Carter, Don Regan under Reagan and Paul...
  • Liberals and conservatives gang up on Geithner (MUST see the hubris of Geithner)

    11/19/2009 10:27:30 PM PST · by STARWISE · 25 replies · 1,569+ views
    Politco ^ | 11-19-09
    Treasury Secretary Timothy Geithner is taking fire from both sides of the aisle, as liberals and conservatives are now pushing for him to resign. In a tense exchange before the Joint Economic Committee this morning, Rep. Kevin Brady (R-Texas) asked Geithner to resign over his handling of the economy, AIG bonuses and stimulus spending. “Conservatives agree that as point person you’ve failed," Brady said. "Liberals are growing in that consensus as well … will you step down from your post?” One of the "liberals" Brady was referring to is Rep. Peter DeFazio (D-Ore.), who said on MSNBC Wednesday there is...
  • Absolutely sickening; Geithner gave away the store in AIG bailout (Goldman Sachs is big beneficiary)

    11/18/2009 5:02:27 PM PST · by SeekAndFind · 13 replies · 920+ views
    American Thinker ^ | 11/18/2009 | Rick Moran
    "Too big to fail" meets "Just the right size to steal from the taxpayers." Sounds like a horror movie - and believe me, if you read this piece by Jill Schlessinger at CBS News' Econowatch, you will be sickened by this colossal boondoggle that not only cost taxpayers tens of billions of dollars but actually enriched Geithner's Wall Street friends in the process - friends who had just themselves been bailed out by us: OK, so let's get this straight: the financial world is melting down, Uncle Sam had just saved the bankers' butts and now Tim Geithner the President...
  • Tim Geithner's $14 Billion Gift of Taxpayer Funds to Goldman Sachs: Crisis Profiteering?

    10/30/2009 6:59:58 PM PDT · by StoneWallJack · 9 replies · 627+ views
    Jesse's Café Américain ^ | 27 October 2009 | Jesse
    Tim Geithner should be given the option to resign immediately, or be fired. He is either incompetent, too conflicted to do his job with the banks properly, or possibly both. Stephen Friedman should be investigated for $5.4 million in profits made through potential insider trading. His breach of fiduciary responsibility as chairman of the NY Fed is shocking...
  • The Race to Save Lehman Brothers ("Too Big to Fail")

    10/21/2009 12:31:38 AM PDT · by CutePuppy · 3 replies · 566+ views
    CNBC / NYTimes ^ | October 20, 2009 | Andrew Ross Sorkin
    In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.Adapted from "Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System — And Themselves." The book, being published Tuesday by...
  • VIDEO: Ann Coulter On Possible Middle Class Tax Hikes

    08/02/2009 7:19:38 PM PDT · by ianschwartz · 10 replies · 1,664+ views
    Real Clear Politics ^ | August 2, 2009 | Real Clear Politics
    Ann Coulter opines on Tim Geithner not ruling out new taxes on the middle class on "This Week" this morning.
  • VIDEO: Geithner Won't Rule Out New Taxes for Middle Class

    08/02/2009 8:08:31 AM PDT · by ianschwartz · 24 replies · 823+ views
    Real Clear Politics ^ | August 2, 2009 | Real Clear Politics
    Treasury Secretary Tim Geithner said in an interview airing Sunday on ABC's "This Week" that it will take hard choices to lower the deficit "very dramatically." He said overhauling the health care system and lowering costs are keys to getting the deficit under control. Geithner was asked in the interview whether he would rule out new taxes. He said the country needs to understand the administration will do "what's necessary."
  • Tim Geithner: Recession Will Be Over Within Months

    07/13/2009 8:04:50 PM PDT · by Steelfish · 103 replies · 2,199+ views
    Telegraph(UK) ^ | July 13th 2009
    Tim Geithner: recession will be over within months The American and world economies will be out of recession in a matter of months, Tim Geithner, the US Treasury Secretary, has declared. By Edmund Conway 13 Jul 2009 On a visit to London, Mr Geithner said there is a "very strong chance" of economic growth returning in the coming quarters, although there are still risks facing all major economies. The comments will reinforce hopes that the worst of the global recession is now over. Mr Geithner, who is on a tour of a number of European and Middle Eastern countries, insisted...
  • VID: Santelli: Geithner Is "Lying To The American Public"

    06/02/2009 10:52:21 AM PDT · by politicalhub · 26 replies · 1,693+ views
    Real Clear Politics ^ | 06/02/2009 | Real Clear Politics
    CNBC's Rick Santelli says Geithner was lying when he told the Chinese there is no risk of monetizing debt in the United States.
  • Geithner Calls for ‘Very Substantial’ Change in Wall Street Pay (More Obama socialism)

    05/22/2009 9:02:32 AM PDT · by pissant · 44 replies · 1,062+ views
    Bloomberg | 5/22/09 | Rich Miller
    Bloomberg- title and link only. http://www.bloomberg.com/apps/news?pid=20601068&sid=aCwz3Hlyo9sg&refer=home
  • Secretary Loophole (Tim Geithner)

    05/15/2009 6:24:25 AM PDT · by reaganaut1 · 6 replies · 478+ views
    American Spectator ^ | May 15, 2009 | Timothy P. Carney
    When Timothy Geithner worked at the International Monetary Fund, he managed a feat that probably very few Americans have even contemplated: he got himself reimbursed by his employer for taxes he never paid. You see, foreigners working at the IMF don’t have to pay U.S. income taxes or payroll taxes, and so to create parity between the foreigners and the Americans, the IMF reimburses the Americans for their income taxes and for half of their payroll taxes. But the IMF also doesn’t withhold taxes from its employees’ paychecks or pay the employer half of their payroll taxes. That means American...
  • Stressed for Success?

    05/07/2009 8:32:08 PM PDT · by St. Louis Conservative · 209+ views
    The Wall Street Journal ^ | May 8, 2009 | Editorial
    The Treasury released its bank "stress test" results late yesterday, and the good news is that the financial system has survived this very public undressing better than most analysts figured three months ago. We'd attribute the results much more to Adam Smith's continuing workout than to this public strip-tease, but we'll take relief wherever we can get it. Stress-testing is what banks and their regulators are supposed to do as a matter of course, albeit more quietly. The current very loud and public effort was advertised to provide an extraordinary measure of transparency at a time when no one trusted...
  • Geithner "Most Beautiful" Scandal: Tim's Brother Is A 'People' Mag VP!

    05/03/2009 10:51:57 PM PDT · by FromLori · 9 replies · 667+ views
    Yesterday we were startled to learn that Tim Geithner had made People magazine's 50 Most Beautiful People list. Not because Tim isn't a fine-looking fellow, but because he pretty much looks like any other guy who's done a lifetime of bureaucratic work. But maybe there's a simple explanation. Geithner's brother David Geithner, is a People executive, having been at Time Warner (TWX) since 1992. This 1992 wedding announcement confirms they have the same father. And they look similar! Now, of course we're not saying David put bro Tim on the list. But might David's underlings have added him, you know,...
  • No more convictions until Tim and Ted stand trial!!

    03/27/2009 11:57:25 AM PDT · by 2ndDivisionVet · 3 replies · 370+ views
    March 27, 2009
    There should be no more arrests or convictions for tax fraud, non-payment of taxes or vehicular homicide until Treasury Secretary Tim Geithner and Senator Ted Kennedy are tried for their "alleged" crimes! Are we a republic or an oligarchy? Why do powerful men and women get off scot-free when lower and middle-class people rot in a jail cell or prison for similar (or lesser) crimes?! "Equal Justice Under The Law" is what's inscribed on the front of the Supreme Court building in Washington! When will that become a reality?! We are either a nation of laws or men, we cannot...
  • Obama to tighten screws on Wall Street: officials

    03/25/2009 9:54:31 PM PDT · by freespirited · 19 replies · 981+ views
    Fidelity ^ | 3/26/09 | David Lawder
    In a bid to quash Wall Street excesses that nearly caused the collapse of the U.S. financial system, the Obama administration will propose tough restrictions on financial firms, hedge funds and derivatives markets. The U.S. Treasury will work with Congress to form a powerful systemic risk regulator with the authority to look deep into financial firms other than banks, such as hedge funds and private equity companies, administration officials said on Wednesday, speaking on condition of anonymity. U.S. Treasury Secretary Timothy Geithner will outline the plans in testimony before Congress on Thursday, and the proposals will form the basis for...
  • Some More Thoughts on Geithner's Toxic Asset Plan

    03/24/2009 7:06:42 PM PDT · by fiscon1 · 1 replies · 244+ views
    The Provocateur ^ | 03/24/2009 | Mike Volpe
    I have had a chance to read several pieces analyzing Geithner's plan to deal with the toxic assets. Before I go on, as I have said, there is no magic bullet and so while I will find plenty to criticize, there is likely plenty there for any plan. The plan is an attempt to thread several sharp needles and thus it is loaded with potential dangers.
  • Caption Barney Frank & Timothy Geithner

    03/24/2009 10:35:30 AM PDT · by Lucky9teen · 73 replies · 1,827+ views
    House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., left, talks with Treasury Secretary Timothy Geithner, right, and Federal Reserve Chairman Ben Bernanke, on Capitol Hill in Washington, Tuesday, March 24,2009, prior to the start of the committee's hearing on AIG. Federal Reserve Chairman Ben Bernanke (R) and U.S. Treasury Secretary Timothy Geithner take their seats to testify in the House Financial Services Committee Hearing on "Oversight of the Federal Government's Intervention at American International Group (AIG)" on Capitol Hill in Washington March 24, 2009.
  • If They Even Lost Kos, Geithner is Doomed

    03/23/2009 6:05:44 AM PDT · by Mobile Vulgus · 16 replies · 886+ views
    Publius Forum ^ | 03/23/09 | Warner Todd Huston
    Certainly one cannot say that Markos Moulitsas, the fellow that invented DailyKos.com, is the sage of the Democratic Party specifically or the left generally, but he does have a certain following as well as a high profile among activists if not Party regulars and political bosses. So when Kos begins Twittering that Sec. of the Treasury Tim Geithner is failing, this is not a good sign for Obama's guy. On Sunday, March 23, Kos wrote a Twitter posting stating "Geithner is starting to look like Obama's Rumsfeld." To employ a saying: I know Donald Rumsfeld, Tim Geithner is no Donald...
  • You’re Doing a Heckuva Job, Timmy

    03/22/2009 5:55:58 PM PDT · by governsleastgovernsbest · 22 replies · 1,069+ views
    FinkelBlog ^ | Mark Finkelstein
    Frank Rich says this might be Pres. Obama’s Katrina moment. That would make Tim Geithner PBO’s Mike Brown. Which in turn might make some people’s blood run cold to hear the president say of Geithner, during his 60 Minutes interview broadcast this evening, that: “he is doing a terrific job.” [snip] Whereas in the case of Katrina, Mayor Nagin and Governor Blanco bore much of the blame, in this case it is Geithner alone who apparently pushed to make the AIG bonuses, the ones that PBO has called an "outrage," legal. That's what the president calls a "terrific job"? View...