Do you have confidence in Timothy Geithner?

[SK in CV]

[quote=Rich Toscano]I have confidence in him to funnel taxpayer money to the financial industry at every opportunity, to continually misdiagnose the nature of our ongoing financial troubles, and to help lead us blindly into a US sovereign debt crisis.

He appears to be an elf, so depending one whether I’m reading Tolkien or eating Pecan Sandies, I’m confident in either his archery or baking skills.

Other than that, not so much.[/quote]

I said the same thing in a lot fewer words. You might think i skipped the elf thing. I didn’t. I kinda like elfs.

[Coronita]

[quote=briansd1]It’s all relative. Compare Geithner to Paulson, Rubin, Baker or Regan. The reference to Andrew Mellon is apt.

Geithner was never a banker. He’s been a policy maker most of his career.

Given the magnitude of the financial crisis, aren’t you pleasantly surprised at how the financial team was able to redress the world economy?

We now have renewed growth and stability in asset prices and employment. Isn’t that something to rejoice about?

Perhaps the corruption that you guys are perceiving is not the person but the system that we have?

flu, did you ever hear Geithner speak Mandarin?[/quote]

Yes, he was over in taiwan for awhile…Your point? I think you’re giving him much more credit than he deserves.

We borrowed until our noses bleed, and actually we don’t need to worry about it, because we aren’t paying for it…Our kids will. So a few things that I have learned.

1) I’m going to take advantage of every possible bubble that is happening right now and tuck things away for my kid, because if I don’t she’s screwed in a decade or so..

2) I’m going to continue to spend like crazy, because I figure I can’t possibly be worse off than others who will be in the same boat…And if I don’t spend, I’m going to be taxed up the ying yang anyway… So might as well enjoy life in the meantime…..Spend spend spend….Our government can’t balance their books, and I don’t plan on doing it myself….And trust me, I’m putting my money to where my mouth is…

FLU (sick and tired of everyone else enjoying the good life while being financially irresponsible)

[Coronita]

[quote=briansd1]It’s all relative. Compare Geithner to Paulson, Rubin, Baker or Regan. The reference to Andrew Mellon is apt.

Geithner was never a banker. He’s been a policy maker most of his career.

Given the magnitude of the financial crisis, aren’t you pleasantly surprised at how the financial team was able to redress the world economy?

We now have renewed growth and stability in asset prices and employment. Isn’t that something to rejoice about?

Perhaps the corruption that you guys are perceiving is not the person but the system that we have?

flu, did you ever hear Geithner speak Mandarin?[/quote]

Yes, he was over in taiwan for awhile…Your point? I think you’re giving him much more credit than he deserves.

We borrowed until our noses bleed, and actually we don’t need to worry about it, because we aren’t paying for it…Our kids will. So a few things that I have learned.

1) I’m going to take advantage of every possible bubble that is happening right now and tuck things away for my kid, because if I don’t she’s screwed in a decade or so..

2) I’m going to continue to spend like crazy, because I figure I can’t possibly be worse off than others who will be in the same boat…And if I don’t spend, I’m going to be taxed up the ying yang anyway… So might as well enjoy life in the meantime…..Spend spend spend….Our government can’t balance their books, and I don’t plan on doing it myself….And trust me, I’m putting my money to where my mouth is…

FLU (sick and tired of everyone else enjoying the good life while being financially irresponsible)

[Coronita]

[quote=briansd1]It’s all relative. Compare Geithner to Paulson, Rubin, Baker or Regan. The reference to Andrew Mellon is apt.

Geithner was never a banker. He’s been a policy maker most of his career.

Given the magnitude of the financial crisis, aren’t you pleasantly surprised at how the financial team was able to redress the world economy?

We now have renewed growth and stability in asset prices and employment. Isn’t that something to rejoice about?

Perhaps the corruption that you guys are perceiving is not the person but the system that we have?

flu, did you ever hear Geithner speak Mandarin?[/quote]

Yes, he was over in taiwan for awhile…Your point? I think you’re giving him much more credit than he deserves.

We borrowed until our noses bleed, and actually we don’t need to worry about it, because we aren’t paying for it…Our kids will. So a few things that I have learned.

1) I’m going to take advantage of every possible bubble that is happening right now and tuck things away for my kid, because if I don’t she’s screwed in a decade or so..

2) I’m going to continue to spend like crazy, because I figure I can’t possibly be worse off than others who will be in the same boat…And if I don’t spend, I’m going to be taxed up the ying yang anyway… So might as well enjoy life in the meantime…..Spend spend spend….Our government can’t balance their books, and I don’t plan on doing it myself….And trust me, I’m putting my money to where my mouth is…

FLU (sick and tired of everyone else enjoying the good life while being financially irresponsible)

[Coronita]

[quote=briansd1]It’s all relative. Compare Geithner to Paulson, Rubin, Baker or Regan. The reference to Andrew Mellon is apt.

Geithner was never a banker. He’s been a policy maker most of his career.

Given the magnitude of the financial crisis, aren’t you pleasantly surprised at how the financial team was able to redress the world economy?

We now have renewed growth and stability in asset prices and employment. Isn’t that something to rejoice about?

Perhaps the corruption that you guys are perceiving is not the person but the system that we have?

flu, did you ever hear Geithner speak Mandarin?[/quote]

Yes, he was over in taiwan for awhile…Your point? I think you’re giving him much more credit than he deserves.

We borrowed until our noses bleed, and actually we don’t need to worry about it, because we aren’t paying for it…Our kids will. So a few things that I have learned.

1) I’m going to take advantage of every possible bubble that is happening right now and tuck things away for my kid, because if I don’t she’s screwed in a decade or so..

2) I’m going to continue to spend like crazy, because I figure I can’t possibly be worse off than others who will be in the same boat…And if I don’t spend, I’m going to be taxed up the ying yang anyway… So might as well enjoy life in the meantime…..Spend spend spend….Our government can’t balance their books, and I don’t plan on doing it myself….And trust me, I’m putting my money to where my mouth is…

FLU (sick and tired of everyone else enjoying the good life while being financially irresponsible)

[Coronita]

[quote=briansd1]It’s all relative. Compare Geithner to Paulson, Rubin, Baker or Regan. The reference to Andrew Mellon is apt.

Geithner was never a banker. He’s been a policy maker most of his career.

Given the magnitude of the financial crisis, aren’t you pleasantly surprised at how the financial team was able to redress the world economy?

We now have renewed growth and stability in asset prices and employment. Isn’t that something to rejoice about?

Perhaps the corruption that you guys are perceiving is not the person but the system that we have?

flu, did you ever hear Geithner speak Mandarin?[/quote]

Yes, he was over in taiwan for awhile…Your point? I think you’re giving him much more credit than he deserves.

We borrowed until our noses bleed, and actually we don’t need to worry about it, because we aren’t paying for it…Our kids will. So a few things that I have learned.

1) I’m going to take advantage of every possible bubble that is happening right now and tuck things away for my kid, because if I don’t she’s screwed in a decade or so..

2) I’m going to continue to spend like crazy, because I figure I can’t possibly be worse off than others who will be in the same boat…And if I don’t spend, I’m going to be taxed up the ying yang anyway… So might as well enjoy life in the meantime…..Spend spend spend….Our government can’t balance their books, and I don’t plan on doing it myself….And trust me, I’m putting my money to where my mouth is…

FLU (sick and tired of everyone else enjoying the good life while being financially irresponsible)

[Anonymous]

[quote=Rich Toscano]I an not going to spend the time it would take to rehash his long history of being wrong [/quote]

Wrong?

By what standard?

[Anonymous]

[quote=Rich Toscano]I an not going to spend the time it would take to rehash his long history of being wrong [/quote]

Wrong?

By what standard?

[Anonymous]

[quote=Rich Toscano]I an not going to spend the time it would take to rehash his long history of being wrong [/quote]

Wrong?

By what standard?

[Anonymous]

[quote=Rich Toscano]I an not going to spend the time it would take to rehash his long history of being wrong [/quote]

Wrong?

By what standard?

[Anonymous]

[quote=Rich Toscano]I an not going to spend the time it would take to rehash his long history of being wrong [/quote]

Wrong?

By what standard?

[Dougie944]

No.

Brian, I think you have forgotten how much stimulus has been and is still being thrown at this problem. 1.5 trillion over budget every year is without a doubt stimulus. Fed stealing from every saver in this country in order to produce a wide spread is stimulus. Now they just passed the 2% holiday on social security tax…..yet another huge stimulus. This is of course, not even mentioning the stimulus packages and bailouts.

The multiple housing programs and credits have helped drag on the housing problem for years more than it should have taken to get to a sustainable level and i don’t believe we are close yet. It appears we are in for a long slow decline in prices.

Allowing banks to throw their bad assets into Fannie and Freddie at inflated prices in order to let the taxpayer take the hit and keep bank bonuses flowing.

Geithner I am sure had a hand in changing the accounting rules to hide losses in the banks. Not a desirable choice in my book….one that is dragging this problem out longer instead of facing facts and moving on.

If sloshing taxpayer money is the new definition of smart, then I guess you are right and I am wrong.

Also, don’t forget how culpable Geithner was in the entire meltdown. He was in charge of the banks on Wallstreet during the lax lending….the epicenter of the problem.

You would really have to believe everything is fixed now and can sustain without government life support (I don’t), forgive Geithner for helping cause the meltdown (I don’t), and overlook his cheating on his taxes (I don’t) in order to have confidence in this man.

[Dougie944]

No.

Brian, I think you have forgotten how much stimulus has been and is still being thrown at this problem. 1.5 trillion over budget every year is without a doubt stimulus. Fed stealing from every saver in this country in order to produce a wide spread is stimulus. Now they just passed the 2% holiday on social security tax…..yet another huge stimulus. This is of course, not even mentioning the stimulus packages and bailouts.

The multiple housing programs and credits have helped drag on the housing problem for years more than it should have taken to get to a sustainable level and i don’t believe we are close yet. It appears we are in for a long slow decline in prices.

Allowing banks to throw their bad assets into Fannie and Freddie at inflated prices in order to let the taxpayer take the hit and keep bank bonuses flowing.

Geithner I am sure had a hand in changing the accounting rules to hide losses in the banks. Not a desirable choice in my book….one that is dragging this problem out longer instead of facing facts and moving on.

If sloshing taxpayer money is the new definition of smart, then I guess you are right and I am wrong.

Also, don’t forget how culpable Geithner was in the entire meltdown. He was in charge of the banks on Wallstreet during the lax lending….the epicenter of the problem.

You would really have to believe everything is fixed now and can sustain without government life support (I don’t), forgive Geithner for helping cause the meltdown (I don’t), and overlook his cheating on his taxes (I don’t) in order to have confidence in this man.

[Dougie944]

No.

Brian, I think you have forgotten how much stimulus has been and is still being thrown at this problem. 1.5 trillion over budget every year is without a doubt stimulus. Fed stealing from every saver in this country in order to produce a wide spread is stimulus. Now they just passed the 2% holiday on social security tax…..yet another huge stimulus. This is of course, not even mentioning the stimulus packages and bailouts.

The multiple housing programs and credits have helped drag on the housing problem for years more than it should have taken to get to a sustainable level and i don’t believe we are close yet. It appears we are in for a long slow decline in prices.

Allowing banks to throw their bad assets into Fannie and Freddie at inflated prices in order to let the taxpayer take the hit and keep bank bonuses flowing.

Geithner I am sure had a hand in changing the accounting rules to hide losses in the banks. Not a desirable choice in my book….one that is dragging this problem out longer instead of facing facts and moving on.

If sloshing taxpayer money is the new definition of smart, then I guess you are right and I am wrong.

Also, don’t forget how culpable Geithner was in the entire meltdown. He was in charge of the banks on Wallstreet during the lax lending….the epicenter of the problem.

You would really have to believe everything is fixed now and can sustain without government life support (I don’t), forgive Geithner for helping cause the meltdown (I don’t), and overlook his cheating on his taxes (I don’t) in order to have confidence in this man.

[Dougie944]

No.

Brian, I think you have forgotten how much stimulus has been and is still being thrown at this problem. 1.5 trillion over budget every year is without a doubt stimulus. Fed stealing from every saver in this country in order to produce a wide spread is stimulus. Now they just passed the 2% holiday on social security tax…..yet another huge stimulus. This is of course, not even mentioning the stimulus packages and bailouts.

The multiple housing programs and credits have helped drag on the housing problem for years more than it should have taken to get to a sustainable level and i don’t believe we are close yet. It appears we are in for a long slow decline in prices.

Allowing banks to throw their bad assets into Fannie and Freddie at inflated prices in order to let the taxpayer take the hit and keep bank bonuses flowing.

Geithner I am sure had a hand in changing the accounting rules to hide losses in the banks. Not a desirable choice in my book….one that is dragging this problem out longer instead of facing facts and moving on.

If sloshing taxpayer money is the new definition of smart, then I guess you are right and I am wrong.

Also, don’t forget how culpable Geithner was in the entire meltdown. He was in charge of the banks on Wallstreet during the lax lending….the epicenter of the problem.

You would really have to believe everything is fixed now and can sustain without government life support (I don’t), forgive Geithner for helping cause the meltdown (I don’t), and overlook his cheating on his taxes (I don’t) in order to have confidence in this man.

[Author]

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