Frontrunning: April 13

• Propaganda: Tim Geithner Op-Ed in WaPo - How to prevent the next financial crisis (WaPo) - start by voting me out of office
• The bank bailouts created the crisis (RCM)
• More surprising revalations about Lehman book-cooking which the SEC has and will ignore - Lehman channeled risks through alter ego firm (NYT)
• Hu tells Obama: China to make its own call on yuan (Reuters)
• JPMorgan profit may show decline on consumer lending (Bloomberg)
• UK market may face turmoil as overnight-count campaign fails (Bloomberg)
• Small business confidence hits 8 month low as mirage economic imporvements (i.e. DJIA) have no bearing with reality (Bloomberg)
• Job hunters slack off when given a helping hand (Bloomberg)
• Chapter 11 bankruptcy: to file or not to file? (LA Times)
• Carlyle raises $2.55 billion Asia fund (WSJ)
• Pressure mounts on Thai PM after deadly clashes (Reuters)
• The US economy needs strong, independent CFPA (Johnson and Kwak, the Hill)
• About the VAT tax, Reich ir right (IBD)
• Derivative trades don't all belong on exchanges (Bloomberg)

Comments

[aldousd]

I think this is the first time I've seen a John Tamny article linked from this site.  I always wondered why he was never thrown in before.

[Hephasteus]

Timmy and Benny aren't going anywhere. If I had my way they stay in their office and sit through the whole crash and get called before congress and questioned until they finally stop using lying as their only form of "respons-ability".

[nevadan]

Amen, brother. 

[DavosSherman]

Geithner is a phucking moron, why anyone would print or read his drivel simply defies any and all logic.

[john_connor]

Meanwhile the cartel has been stair stepping oil down from $87 nicely, as Washington panicks on reports of $3 plus retail gasoline in several locations.

[sweet ebony diamond]

I am refraining from slandering Timmay.

I don't know why.

[Rainman]

The WaPo comment board is doing it for you.

[dcb]

I can't bring myself to read anything geithner has to say. I also have written Issa and others begging them to get rid of te crook. This man was the head of the NY fed, which is the criminial nexus of the whoile problem and is giving advice on how to fix things

Some say you go to crooks to figure out how to make it so you can't break into your house. Guess this is the same thing. Kind of asking advice from Capone or Gotti in preventing crime.

In my view there is no bigger proof of the failure of our democacy than Geithner and Bernanke still in power. Proof that the system is currupt and must be gotten rid of. Of course all of us who know this are tycast as nut jobs in the media.

wonder what the british were saying about Washington.

[doublethink]

Hu tells Obama: China to make its own call on yuan

BEIJING/WASHINGTON (Reuters) - China will chart its own course in reforming the yuan, President Hu Jintao told President Barack Obama, reinforcing the view that Beijing is likely to tip-toe, not leap, toward appreciation.

Translation: Fuck You

[exportbank]

RCM is right on the money. We have a failing government sector that won't even allow large companies in the private sector fail.. We now have the worse of both worlds.

[Crummy]

That first line in the timmy Op-Ed is priceless. Famous last words level shit.