Give Geithner a break! He was trying to do taxes while creating TARP 2.0
Started by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008
Discussion about
He stands like he only has one shoe
Because he realized he fucked up big. That's why he looks so shifty. You can't talk in front of the world and say I am going to have a plan. There is only a 1% chance it is orchestrated, and that would be because BO told him not to be explicit until I sign the payoff bill in to law. This way the payoff bill has less of a chance of getting derailed when congress adds up Geithner's spending and BO's.
I kept thinking he would have made a good hobbit.
He needs practice reading prompters.
UWSmom... one of the first books that I read in Enlgish.. the Hobbit :)
The DUDE (Geithner) does not make me feel... how do you say this in Enlgish.... he givez me no BONER! Yes that is how you say it :)
This chap was the head honcho at the New York Federal Reserve Bank when all the MBS, CMBS plus all the other garbage was being packaged, sold and leveraged 40:1 by financial institutions and did nothing. He also happens to have his fingerprints all over the Paulson TARP I project and we all know what a smash hit that's been. Besides not being able to comprehend tax forms, has a long mountain to climb if he seeks any credibility from the private or public sectors.
Not surprising, his body language has a hint of President Nixon's during the Watergate ordeal. I suspect he will be raw meat material for Saturday Night Live.
The commenters at DealBreaker insist he is the Keebler elf.
YES - Keebler!
Who got the 2 trillion dollars that was lent out the FED back window? Did any congressman ask that today? Why doesn't that Keebler elf tell us?
McHale, that question was asked today by Senator Shelby of Bernanke.
Reply: around 95% of loans have secure collateral with minimal risk of loss. Fed Chair is running one heck of a hedge fund with a measly $40 billion in equity and $2.2 trillion in assets. He wasn't willing to disclose most of the Fed loan recipients as he believed it would be counter-productive to those firms. Much easier to do the latter when one isn't risking their own cash.
Can you believe this guy? The buildup to Geithner’s plan was unbelievable and he delivered what? Specifics please? My favorite part of the interview was when a senator asked him if this plan was different than Paulson's and Geithner almost threw up on himself. What a bunch of anticlimactic, over-hyped malarkey. I thought this administration was supposed to be different?