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Geithner: "Fed Audit Would Be Problematic For The Country"
It is the esteemed Treasury Secretary's opinion, that anything that has to do with demystifying why the Fed is hell bent on destroying the US dollar, killing the middle class, and allowing Lloyd Blankfein to purchase Larry Ellison's yacht collection, is squarely in the "problematic for the country" camp. Never mind that more than half the country (in fact almost two-thirds) have indirectly voiced their support for HR 1207. But at least it is good to know where Geithner's allegiances lie, and even better to see how good at totally perverting facts (not just taxes) the SecTres is.
And the punchline: "The true test of the Fed is the market." Is there a way to give Mr. Geithner an economics test because it seems he might have graduated with a biz-econ degree from Devry.
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Why so many negative comments about Geithner?
Why no hate for the guy who appointed him? Oh wait...I wouldn't wanna be rascist or anything. I don't want my sponsers pulled so I'm gona say it was great pick.
He was not appointed, he was placed there by GS and Paulson.
Analyze this: "Fed audit would be problematic for the country."
mmmm, Timmy never cared about the country. Otherwise, he would not be a tax cheater. No, Fed audit would not be problematic for the country, but would be problematic for somebody else? The issue is who that somebody will be.
Who needs help from the Fed most? Uh, that's treasury who needs a weekly dose of at least 200 billion. What if Bernanke monetized treasury bonds off-balance-sheet? or via repo agreement with PD? or other creative and bold moves invented by Bernanke but unknown to outsiders?
Problem!! Bug!!! Fed audit would be problematic for the treasury. Uh, make that country. Hurry, BO,re-nominate Bernanke for the second term.
I wonder how many banks besides the Bank of England we have bailed out, wait Bank of Ireland anybody else care to speculate?
A large company, lets call it Enron, faces a serious financial crisis. The CFO decides to "cook the books" until the economy gets better in order to prevent the company from collapsing. At his trial, he claims innocence because if he hadn't done that, it would have created great hardship for his employees and investors that they didn't deserve.
Should he go to jail?
So there's our government's view. Our government is Enron.
Did i mention that Bloomberg.com reported on June 5, 2009 that the Fed had hired an X-Enron lobbyist?
-just a note from you broken record fellow poster.
what an asshole
i just barfed a little in my mouth... "these men are honorable statesmen" *GAG*
I remember seeing Timmy a lot back in Tokyo in the late 80's and early 90's. He used to mouse around trying to chat up Goldman and the other IB's trading the Tokyo Dai Boraku (crash). He didn't have any more personality even back then, but hadn't yet picked up the "thumb up your ass" affectation.
Jedi mind trick watch his hands. The interviewer never had a chance against the force
The way the system is supposed to work is when you make a mistake you go broke, he refused to let people go broke, he saved his friends and now we’re all having to pay for them.” – Jim Rogers
I would like to ask Mr.Geithner, Dangerous to whom?
Geithner is a genius. Make fun of him all you like, i doubt any of you folks would have managed to virtually single-handedly (apart from the Fed liquidity pump) resurrect the global financial system from the abyss.
IGNORANCE IS STRENGTH
Orwell was off by 25 years...
Add me to the list of "don't hate on DeVry" folk. I went there and have done far better than pretty much all of my friends, many of whom went to state or upper tier schools.
Then again I'm one of those types who was always ahead of the curve in school and knew what I wanted to do with my life when I was under 10.
"Fed audit would be problematic for the country",........."you want to keep politics out of monetary policy",.........does Timmy know how infantile, and sophomoric his comments are? Let me see if I have this right,.....the Obama administration accepts hundreds upon hundreds of thousands of dollars from Wall Street,......and Timmy tell us "we must keep politics out of monetary policy." You dumb lying asshole. Your head is stuck in the bidet,.....the only problem for the country during an audit of the fed is figuring which one of you to throw out first.
Timmy's TurboTax defense goes down in flames.
http://taxprof.typepad.com/taxprof_blog/2009/08/tax-court-rejects.html
I guess that shit only works for the special kids.
I'm 9 min into this and I've seen nothing but vague explanations, opinions, and nothing substantial.
I am a market moron compared to the education and experience TG et all have and I don't see how TG can try to explain that they did not see this stuff coming.
I am disgusted by the FED and I believe more each day it needs to be abolished.
I think an honest and intelligent Republican demagogue might have a shot at the Presidency in 2012 if the Democrats keep fumbling. There is a near zero chance of Republicans capturing congress in 2010 due to demographics. These are interesting times, and if recent public opinion polls are any indication, the polity is more ignorant than ever, and certainly has lost a tremendous amount of faith in its public servants. These ingredients do not mix well with representative democracy.
"Is there a way to give Mr. Geithner an economics test because it seems he might have graduated with a biz-econ degree from Devry"
... or, perhaps, Regent University ;)