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Tim Geithner: Welcome To The Unemployment Line

Tyler Durden's picture




 

The last rat is preparing to jump from the SS Obamic

GEITHNER SAID TO CONSIDER LEAVING TREASURY AFTER BUDGET DEAL

Explains why the market just ripped.

In the meantime, a cubicle at 270 Park is being prepared.

From Bloomberg:

Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter.

Geithner hasn’t made a final decision and won’t do so until the debt ceiling issue has been resolved, according to one of the people. All spoke on condition of anonymity to discuss private discussions.

The Treasury secretary has said the U.S. risks defaulting on its obligations if Congress doesn’t raise the $14.3 trillion debt ceiling by Aug. 2. The administration and congressional Republicans are at an impasse in negotiations to raise the limit, which also is tied to efforts to cut the nation’s long- term deficit.

An exit by Geithner would complete the turnover in Obama’s original economic team, with Council of Economic Advisers Chairman Austan Goolsbee scheduled to leave in early August to return to the University of Chicago.

That would leave Obama with two key posts to fill as Republicans are seeking to turn the 2012 election into a referendum on Obama’s handling of the economy and the recovery is slowing. The unemployment rate rose to 9.1 percent in May, according to the Labor Department, and the U.S. economy grew at a 1.9 percent pace in the first quarter, according to Commerce Department figures released June 24.

Geithner, 49, has told associates that he needs a break from government service after dealing with the turmoil that followed the collapse of Wall Street firms including Bear Stearns Cos. and Lehman Brothers Holdings Inc., first as president of the Federal Reserve Bank of New York and then as Obama’s treasury secretary.

Family considerations also are playing a role in Geithner’s deliberations, according to the people. His son has decided to finish his final year of high school in New York.

If Geithner does leave the administration, Obama would be losing a member of his economic team who understands Washington institutions and the New York banking world as well the intricacies of the Chinese economy. Geithner has pressed the Chinese to let their currency appreciate faster to reduce the global imbalances that both he and Obama have blamed for financial uncertainty.

In addition to Goolsbee, who announced his decision to return to the University of Chicago earlier this month, three other top Obama economic advisers already have departed. At the CEA, Goolsbee replaced Romer, who returned to teaching at the University of California at Berkeley last September. National Economic Council Director Lawrence Summers and Office of Management and Budget Director Peter Orszag left the administration last year. Summers returned to Harvard University, and Orszag is now vice chairman of global banking at Citigroup Inc.

 

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Thu, 06/30/2011 - 15:49 | 1416613 camoes
camoes's picture

TIMMAHHHH

Thu, 06/30/2011 - 16:00 | 1416684 redpill
redpill's picture

WE HARDLY KNEW YE!!!

Thu, 06/30/2011 - 16:05 | 1416707 Popo
Popo's picture

Rats. Sinking ships. And all that.

Thu, 06/30/2011 - 16:16 | 1416742 kito
kito's picture

i get the sense its not rats leaving a sinking ship as much as its obama jettisoning the ire of republicans just in time for the campaign to ramp up.

Thu, 06/30/2011 - 16:24 | 1416775 Spastica Rex
Spastica Rex's picture

Cynic.

Thu, 06/30/2011 - 17:51 | 1417063 whstlblwr
whstlblwr's picture

George W. had three. Probably means he tired. They think they figure out how keep market going straight up. No worries.

Thu, 06/30/2011 - 20:16 | 1417425 nmewn
nmewn's picture

"Probably means he tired."

Timmah's been raiding the federal employee pension funds...tsk tsk...he probably got paid a little visit.

Say, Timmah, dats a mighty fine lookin family yuz got deah... ;-)  

Thu, 06/30/2011 - 20:48 | 1417488 The Limerick King
The Limerick King's picture

So Timmah is out of a job

Another poor out-of-work slob

But Timmah don't fear

As long as Ben's here

You'll be paid well for buffing his knob!

 

Thu, 06/30/2011 - 21:06 | 1417550 nmewn
nmewn's picture

I like it!...well done LK.

Thu, 06/30/2011 - 18:25 | 1417157 XenoFrog
XenoFrog's picture

If life were fair, his next job would be cleaning out sewer pipes in New Dehli

Thu, 06/30/2011 - 20:34 | 1417469 davebrik99
davebrik99's picture

Train tracks to Poland

Thu, 06/30/2011 - 20:38 | 1417471 davebrik99
davebrik99's picture

Train tracks to Poland

Thu, 06/30/2011 - 20:38 | 1417473 davebrik99
davebrik99's picture

Train tracks to Poland

Thu, 06/30/2011 - 20:34 | 1417474 davebrik99
davebrik99's picture

Train tracks to Poland

Thu, 06/30/2011 - 18:52 | 1417209 Newsboy
Newsboy's picture

Meet the new rat,

same as the old rat...

Thu, 06/30/2011 - 20:09 | 1417414 old naughty
old naughty's picture

...but then, aren't we all? Lab rats.

Thu, 06/30/2011 - 20:27 | 1417444 Rodent Freikorps
Rodent Freikorps's picture

To the elites? Yes.

Thu, 06/30/2011 - 19:19 | 1417297 Number Yuan
Number Yuan's picture

Read this over on a well known conspiracy site...

 

"In less than ONE year, FIVE of Obama's top economic advisers have resigned...which begs the question: If we were really in an epic economic recovery, why would the president's economic team be jumping ship?? Would they not want to sick around and take some credit for a historic recovery?

LOL...it's because they KNOW this whole thing is going DOWN IN FLAMES!!!

Here's the list:

DATE: JUNE 2010
NAME: Peter Orszag
TITLE: White House Budget Director
REASON FOR DEPARTURE: Bored of job; spend time with fiancee (LOL)

DATE: AUGUST 2010
NAME: Christina Romer
TITLE: Chair of the Council of Economic Advisers
REASON FOR DEPARTURE:Return to teaching.

DATE: September 2010
NAME: Larry Summers
TITLE: Director of the White House National Economic Council
REASON FOR DEPARTURE: Return to Harvard University as a professor.

DATE: January 2011
NAME: Paul Volcker
TITLE: Head of the President's Economic Recovery Advisory Board
REASON FOR DEPARTURE:Unknown

DATE: June 2011
NAME: Austan Goolsbee
TITLE: Chairman of the President's Council of Economic Advisers
REASON FOR DEPARTURE:Returning to his tenured job as economics professor at the University of Chicago

What we are witnessing is a game of musical chairs...but in this case NO ONE wants to have a seat on Obama's economic team during the largest financial collapse in world history.

Also note this is ONLY his economic team!! Does not include other advisers,secretaries, etc such as David Axelrod, Rahm Emanuel, Robert Gibbs, etc!!!!!!

 

does make you wonder...

Thu, 06/30/2011 - 19:28 | 1417324 spekulatn
spekulatn's picture

+1

Thu, 06/30/2011 - 20:34 | 1417460 Al Gorerhythm
Al Gorerhythm's picture

No, just bumped up to new quarters on upper deck.

Fri, 07/01/2011 - 08:59 | 1418346 monoloco
monoloco's picture

Ready to take his place next to Bob Rubin as a shining example to his future successors, of the gratitude shown to the loyal errand boys, by our universal masters for being a team player. Go Timmy!

Thu, 06/30/2011 - 16:30 | 1416799 johngaltfla
johngaltfla's picture

Did someone call for TIMMAH?

 

Timmy! And the Lords of the Underworld
Thu, 06/30/2011 - 16:36 | 1416841 Pladizow
Pladizow's picture

I heard Steve Lies-man of CNBS is to be his replacement.

So now Steve will be able to eat his own asshole!

Thu, 06/30/2011 - 16:55 | 1416913 Pladizow
Pladizow's picture

STEVEN - is that you who junked me?

Thu, 06/30/2011 - 17:18 | 1416975 Pladizow
Pladizow's picture

Did silly Kudlow and Cramer join in on the junking?

Thu, 06/30/2011 - 17:20 | 1416979 Cheesy Bastard
Cheesy Bastard's picture

Your avatar 3 times in a row just reminded me...is anyone looking for a puppy?

Thu, 06/30/2011 - 19:02 | 1417260 Joseph Jones
Joseph Jones's picture

Precious.

Thu, 06/30/2011 - 19:09 | 1417262 Joseph Jones
Joseph Jones's picture

sorry, no delete? 

Thu, 06/30/2011 - 19:08 | 1417263 Joseph Jones
Joseph Jones's picture

Sorry, repeat post.  No delete?

Thu, 06/30/2011 - 20:33 | 1417468 Al Gorerhythm
Al Gorerhythm's picture

Precious Pup?

Thu, 06/30/2011 - 17:24 | 1416987 Muddy1
Muddy1's picture

And the picture is a picture of......?

Thu, 06/30/2011 - 18:30 | 1417160 Brokenarrow
Brokenarrow's picture

Is Liesman tge biggest asslicker of all time?

 

Yazaa, massa Fed. I sho do lick u balls!

Thu, 06/30/2011 - 18:30 | 1417162 Brokenarrow
Brokenarrow's picture

Is Liesman tge biggest asslicker of all time?

 

Yazaa, massa Fed. I sho do lick u balls!

Thu, 06/30/2011 - 18:31 | 1417163 Brokenarrow
Brokenarrow's picture

Is Liesman tge biggest asslicker of all time?

 

Yazaa, massa Fed. I sho do lick u balls!

Thu, 06/30/2011 - 15:50 | 1416615 Cognitive Dissonance
Cognitive Dissonance's picture

Damn!

Now who's gonna help him with his taxes?

Thu, 06/30/2011 - 15:52 | 1416628 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Too bad they tore down the West Side Highway. He could have sucked cock for a living like the rest of us when this all ends badly. As it must.

Thu, 06/30/2011 - 16:22 | 1416790 101 years and c...
101 years and counting's picture

he just really wanted to move back to NY now that gay marriage is legalized.

Thu, 06/30/2011 - 16:46 | 1416858 Alienated Serf
Alienated Serf's picture

hahaha!!!

Thu, 06/30/2011 - 17:25 | 1416981 Muddy1
Muddy1's picture

LMAO!!!!!!!!!!!!!!!!!!!!!!!!!

Thu, 06/30/2011 - 17:42 | 1417027 Ripped Chunk
Ripped Chunk's picture

He sucked Bernanke's cock for 2 + years by going along with QE so his resume is now complete.

Timmy can now move on to the big time: A prime spot at the Port Authority bus terminal, 1:00AM to 6:00AM at $25 / blow.

Thu, 06/30/2011 - 17:50 | 1417059 WestVillageIdiot
WestVillageIdiot's picture

I'm sure Timmy could find a nice place on Christopher Street to ply his trade.  He doesn't have to just suck dicks down on Broad Street. 

Thu, 06/30/2011 - 15:46 | 1416616 John McCloy
John McCloy's picture

   Nobody wants credit for this coming disaster. 

Thu, 06/30/2011 - 15:47 | 1416623 HowardBeale
HowardBeale's picture

+Fact!

Thu, 06/30/2011 - 15:54 | 1416639 DoChenRollingBearing
DoChenRollingBearing's picture

John, Howard,

Completely correct.

The rats are running off the ship.

Prepare accordingly.  Why not gold?

Thu, 06/30/2011 - 15:59 | 1416661 bigdumbnugly
bigdumbnugly's picture

even the fitrats.

Thu, 06/30/2011 - 15:55 | 1416666 HungrySeagull
HungrySeagull's picture

Yahoo! *Cartwheels.

I hope there is someone who can be a proxy to take his place.

Thu, 06/30/2011 - 16:29 | 1416797 SoNH80
SoNH80's picture

Yeah, get ready for Treasury Secretary Larry Summers (again).  (Wretch).

Thu, 06/30/2011 - 16:53 | 1416903 unununium
unununium's picture

Seriously, who should be the next Secy. Treas.?  One name springs to the top of the list,

Ron Paul

failing that, in the more realistic camp how about

Sheila Bair
Warren Buffett
Steven Rattner (the street fears him)
Tyler Durden

Thu, 06/30/2011 - 20:36 | 1417479 nmewn
nmewn's picture

"Seriously, who should be the next Secy. Treas.?"

Sighhh...ok, I'll do it, I'll be the target. But only for a year.

I'll be needing five Miguel Cabellero suits and a few good hand picked men...gawd, the adventure, the mayhem, the soiled GS boardroom chairs ;-)

Fri, 07/01/2011 - 00:48 | 1417972 TheMerryPrankster
TheMerryPrankster's picture

Harvard Law Professor Elizabeth Warren

or

Bill Black, author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas ...
Thu, 06/30/2011 - 15:55 | 1416664 fuu
fuu's picture

We need guns. Lots of guns.

Thu, 06/30/2011 - 16:12 | 1416719 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

"Could Obama ignore Congress if they refuse to raise the debt ceiling? Yes, and he should, some experts say"

http://news.yahoo.com/blogs/ticket/could-obama-ignore-congress-refuse-raise-debt-ceiling-142136726.html

Thu, 06/30/2011 - 16:28 | 1416794 Bob
Bob's picture

Interesting, that.

Thu, 06/30/2011 - 16:27 | 1416805 NotApplicable
NotApplicable's picture

Oh, now this is just hilarious!

Critics of the debt limit cite the Fourteenth Amendment to the Constitution, which states: "the validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." (Emphasis ours)

 

Of course, the Fourteenth Amendment is open to wide, and varying, interpretation and debate. The most basic question here is, does a limit on debt "question" the "validity" of the debt?

"Class, for today's interpretive reading assignment, please open your books to the 14th Amendment of the US Constitution. Tell me, just what does it mean?"

Fucking words, how do they work?

Thu, 06/30/2011 - 16:52 | 1416878 Cheesy Bastard
Cheesy Bastard's picture

Exactly.  I mean, if they wanted us to have guns, they would have said somewhere "The right to keep and bear arms shall not be infringed."

Thu, 06/30/2011 - 16:51 | 1416892 firefighter302
firefighter302's picture

 

+.308

Thu, 06/30/2011 - 17:24 | 1416988 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Alex Jones gave a keynote address at an Alternative Media conference yesterday. Plenty of hyperbole there, but also some good points:

The population has awakened. Now, they haven't awakened to the full spectrum of what's happening, but they are awakened that there's more going on in the world than the top three or four stories every night. And they've awakened to the fact that major changes are happening.

 

Really reaching out to people, and being real, that's how you connect with them. Folks know that things are canned and packaged -- by not just the White House czar Cass Sunstein and others, but also from quote "conservative" circles in the mainline and quote "liberals" -- that are just two different flavors of Kool-Aid. One is strawberry, one is grape, but it's all got the cyanide in it.

 

And people are recognizing that, so there is this perfect storm of government and old media coming in and openly trying to write the narrative right now.

 

http://www.youtube.com/watch?v=d5nyxkv9c18#at=7m45s

 

This is it, folks. You're toe-to-toe with the REAL DEAL. The ruling class has committed crimes from here to EUROPA -- I mean billions and trillions of miles of crimes. And they have GOT to set up a police state. They've got to shut down free speech. And they're going to do it.

 

These people -- these globalists -- don't care about you; they're going to eat your lunch; they're coming for you. So decide is it your kids, your wife, your husband, your liberty, your freedom, or are you going to make believe and buy into the delusion that you're part of the power structure -- and maybe kiss up enough to be part of that power structure for a little while longer -- NOT ME! -- I'm going head-up against these people and I don't care if they kill me. And that's what people recognize. [Applause.]

 

The point is: tell the truth, you'll have listeners. Be passionate, you'll have listeners.

 

http://www.youtube.com/watch?v=hLd3RIPa-EQ#at=11m04s

 

Thu, 06/30/2011 - 18:36 | 1417176 Husk-Erzulie
Husk-Erzulie's picture

AJ is A OK in my book.

Thu, 06/30/2011 - 22:41 | 1417330 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Me too, basically.

He gets shit on from all sides a lot, though.

(mainstreamers: "he's tin-foil conspiracy loon")

(conspiracists: "he's a shill for the Vatican and Israel")

(new Agers: "no negative energy, please!")

(academics: "he's a hyperbolic demagogue")

So I have to be careful about how I promote him, when he speaks the truth, because of all the prejudice out there.

edit: this kid makes some good points:

("Alex, you're really limiting yourself to extremely open-minded people who can sit there and listen to you and just ignore half of it, and try and gather what few facts you give, that are sandwiched between long tirades of nonsense.")

Thu, 06/30/2011 - 21:57 | 1417557 i-dog
i-dog's picture

+1

He's hard to listen to -- with his rants, melodramatic presentation, over-sensationalising inconsequential details, and incessantly interupting and talking over guests -- but he puts out mountains of useful information from his extensive research, varied guests and band of inside 'leakers'.

He is the only one in the alternative media, IMO, who understands the true structure of TPTB. He's not sidetracked by UFOs, lizards, religiosity, left-right politics, marxist shills or call-in trolls. He's almost single-handedly exposed the Bilderbergers to widespread publicity (even though Jim Tucker and Daniel Estulin have been tracking them and writing about them for much longer). And, most importantly, he's fearless about confronting any of the evil bastards face-to-face -- or with his megaphone, if they're hiding inside behind security details!

He really is an 'info warrior'.

Fri, 07/01/2011 - 06:16 | 1418095 Escapeclaws
Escapeclaws's picture

I don't like his accent. Now if he had a nice British accent like Vic Morrow or Sir Ralph Richardson I would probably like him.

Thu, 06/30/2011 - 17:37 | 1417004 scattergun
scattergun's picture

Actually "+ 7.62 x 51 NATO"

Thu, 06/30/2011 - 17:00 | 1416912 Urban Redneck
Urban Redneck's picture

 

By that standard, (debt) slavery wasn't actually banned by the 13th amendment...

Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.

Congress shall have power to enforce this article by appropriate legislation.

 

Perhaps Obama could sell Timmy to the Chinese to help pay down the debt. 

Thu, 06/30/2011 - 16:09 | 1416722 Zero Govt
Zero Govt's picture

We need rope. Lots of rope

Thu, 06/30/2011 - 16:16 | 1416739 jerry_theking_lawler
jerry_theking_lawler's picture

you may need them.....i've got that part of the plan secured.....

Thu, 06/30/2011 - 16:23 | 1416768 DoChenRollingBearing
DoChenRollingBearing's picture

@ fuu,

Check!  

9mm + 7.62x39

Thu, 06/30/2011 - 16:32 | 1416822 Confuchius
Confuchius's picture

Another "cubicle" has been prepared for him: 1 meter by 1 meter by 2 meters.

Thu, 06/30/2011 - 16:48 | 1416872 Alienated Serf
Alienated Serf's picture

don't forget the 7.62x54

Thu, 06/30/2011 - 20:50 | 1417499 msamour
msamour's picture

Isn't that for Mosin-Nagant rifles? that's not commonly found in North America. Seems to me good old .308, or the newer .338 would be a better ammo.

Thu, 06/30/2011 - 21:25 | 1417587 laughing_swordfish
laughing_swordfish's picture

Nope.

7.62x54 is NATO standard for the M-14 (great rifle) and the M-60 SMG family

Thu, 06/30/2011 - 23:06 | 1417753 forexskin
forexskin's picture

nope.

7.62 x 51 = .308 (tighter spec on the nato)

7.62 x 54 = mosin nagent

very different looking - the x 54 has a rim on the bottom of the case, the x 51 has an extractor groove.

 

jus sayin

Fri, 07/01/2011 - 15:07 | 1419796 Alienated Serf
Alienated Serf's picture

sorry for any confusion; i should have written it as 7.62x54r. 

yes, its for the mosin.  indestructible bolt action for longe range.  you can find bulgarian ammo by the thousands for very, very cheap.  you can get mosins for $75

plus, if you ever run out of ammo, you have a nifty bayonet.

 

Thu, 06/30/2011 - 17:19 | 1416967 Loco Vida
Loco Vida's picture

even the matrix aint this fucked up...........but Nicaragua rocks on a Thursday afternoon

 

We need guns. Lots of guns

 

PS.............great movie line amigo.....on so many levels

Thu, 06/30/2011 - 16:05 | 1416706 Cognitive Dissonance
Cognitive Dissonance's picture

Nobody wants credit for this coming disaster. 

Or maybe it's just his turn at the feeding trough. That's the promise, right? Take your turn at the top making the "tough" decisions and then be set for life. The merry-go-round of official American corruption PONZI style.

Thu, 06/30/2011 - 16:19 | 1416758 Caviar Emptor
Caviar Emptor's picture

LoVe American style?

Thu, 06/30/2011 - 17:04 | 1416928 Cognitive Dissonance
Cognitive Dissonance's picture

Bravo!

This is why I love the ZH comment section. There is a constant and seamless integration of old school boob tube indoctrination and predictive programming "TV" programs and movies with an endless supply of insane current events.

http://en.wikipedia.org/wiki/Love,_American_Style

http://www.imdb.com/title/tt0063925/

Thu, 06/30/2011 - 20:19 | 1417422 old naughty
old naughty's picture

CD,

...but isn't that what Amkra is (soon to be was) about?

A reflection of the state of the human race here.

Thanks for sharing.

Thu, 06/30/2011 - 20:44 | 1417494 Caviar Emptor
Caviar Emptor's picture

Bravo back at ya, for picking up the ref. It was indeed a goofy attempt at indoctrination, amateurish at best, but effective nonetheless. 

Perhaps you also picked up on the lettering of the word "LoVe", which is a retro-kitch reference to the once ubiquitous "LoVe sculptures" in US cities (post offices, capital buildings, corporate plazas in need of good PR)

http://www.memecenter.com/fun/77746/Original-LOVE-1970

Thu, 06/30/2011 - 22:29 | 1417713 Cognitive Dissonance
Cognitive Dissonance's picture

Isn't there one still standing in NYC? I thought I saw WB7 do a spoof on one some months ago?

Can't quite remember......which means something else is failing me fast. :>)

Thu, 06/30/2011 - 16:22 | 1416786 oogs66
oogs66's picture

The American version of 'animal farm'. We kick out the monarchy and class privelege so we can create our own

Thu, 06/30/2011 - 20:23 | 1417434 old naughty
old naughty's picture

Oogs,

good luck with that. How did tptb came to this?

The insane knew not while the sane too casual...so handed it to them.

Now the insane multipled drastically...We have had our chance.

 

Thu, 06/30/2011 - 16:18 | 1416751 Caviar Emptor
Caviar Emptor's picture

+100

Thu, 06/30/2011 - 15:51 | 1416620 SDRII
SDRII's picture

Just wait for the Jamie Dimon fawning to start...3..2.1..

Thu, 06/30/2011 - 16:01 | 1416689 Bay of Pigs
Bay of Pigs's picture

+1

I can already see Obama smiling broadly as he introduces "Legs" Dimon as his new man at the UST.

"Jamie is the right man at the right time....brings integrity....commands respect....restores confidence....blah fucking blah...."

Thu, 06/30/2011 - 16:06 | 1416710 traderjoe
traderjoe's picture

Jamie's got a seat at the table. Timmay's a lackey. If Dimon was appointed I would think it would mean something big's coming that can extend the Ponzi for at least a few years. Otherwise he wouldn't want to watch over the demise...

Thu, 06/30/2011 - 16:26 | 1416788 NOTaREALmerican
NOTaREALmerican's picture

Re:  If Dimon was appointed I would think it would mean something big's coming that can extend the Ponzi for at least a few years.

 

Good point.   The "quality" of the sociopath might be a predictor as to the remain time left.

Thu, 06/30/2011 - 16:35 | 1416819 SoNH80
SoNH80's picture

Larry Summers, Part Deux, you heard it here first.  One ass-kissing Beanie Patrol member will do just as well as another, as long as they've done a stint with the war criminal Henry Kissinger (Timmy) or the World Bank....

Thu, 06/30/2011 - 17:07 | 1416936 Urban Redneck
Urban Redneck's picture

This time he could refinance the entire $14T of US debt into 1 month bills at a negative rate, and theoretically "save" the taxpayers money... $14T in monthly bond flipping to the FED could recapitalize all the primary dealers before the election.

Thu, 06/30/2011 - 19:56 | 1417381 SoNH80
SoNH80's picture

Yes, that sounds about his speed. He may also sell/lease all U.S. gold, again.  Who'll take the tungsten???

Thu, 06/30/2011 - 16:41 | 1416844 dracos_ghost
dracos_ghost's picture

Krugman. They ran out of Koolaid so they need a Keynesian zealot in Treasury.

Thu, 06/30/2011 - 22:57 | 1417760 wisefool
wisefool's picture

I can not wait to debate krugman on taxation in San Tropez. Hopefully DSK will pick out our masuses and we can get into natural law.

*Still non-violent, but if the NYPD needs to do what the NYPD needs to do, I will not save good old DSK/Krugman from an american style perp walk untill the french give us back all the gold they took in 1971.

http://en.wikipedia.org/wiki/Nixon_Shock

Thu, 06/30/2011 - 20:54 | 1417520 msamour
msamour's picture

There is a difference between a sociopath, and a psychopath. The sociopath, is more nervous, and less organize than the psychopath, a sociopath is also less likely to be as charismatic as a psychopath. I think sychopath here fits the definition better.

Fri, 07/01/2011 - 06:24 | 1418098 Escapeclaws
Escapeclaws's picture

I don't think it matters. Socio- just emphasizes the social dimension whereas psycho- just emphasizes the clinical side. I like the socio- prefix better because I hate psychology which is the biggest con ever invented, with economics following in second place.

 

Thu, 06/30/2011 - 17:26 | 1416983 iLoveMisesToPieces
iLoveMisesToPieces's picture

Great observation.

Thu, 06/30/2011 - 15:47 | 1416622 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Will we ever see this piece of human filth on our TV screens again?

Thu, 06/30/2011 - 16:00 | 1416669 bigdumbnugly
bigdumbnugly's picture

probably not unless robin leach gets a new show.

Thu, 06/30/2011 - 16:29 | 1416816 NotApplicable
NotApplicable's picture

Coming this fall, on Fox.

Lifestyles of the Rich & Famous Douchebags.

Thu, 06/30/2011 - 16:39 | 1416834 Cheesy Bastard
Cheesy Bastard's picture

Dont worry, we'll continue to see him on tv every Christmas.  Remember when he wanted to be a dentist?

Thu, 06/30/2011 - 16:53 | 1416890 aheady
aheady's picture

ba ha ha ha ha

Thu, 06/30/2011 - 16:16 | 1416740 JustPrintMoreDuh
JustPrintMoreDuh's picture

Upcoming episode of America's got treasonous criminals

Thu, 06/30/2011 - 16:32 | 1416823 carbonmutant
carbonmutant's picture

Grand Jury Hearings by the next administration...

Thu, 06/30/2011 - 17:00 | 1416624 unununium
unununium's picture

How will the uberclass choose between their favorite sons Tim Geithner and Kevin Warsch to succeed Bernanke after he has served his purpose and printed another $5 Trillion?

Thu, 06/30/2011 - 15:48 | 1416625 vote_libertaria...
vote_libertarian_party's picture

Ripped?  You would think stocks would tank because they couldn't find anybody more friendly to WS.

 

(I'm betting he's bailing before the mass chaos kicks off)

Thu, 06/30/2011 - 15:49 | 1416627 RacerX
RacerX's picture

CAN I GET AN A-MEN?! (or is that TIMM-AY-MEN)

Now if we could only put these clowns in prison.

Thu, 06/30/2011 - 15:51 | 1416648 HowardBeale
HowardBeale's picture

Maybe we'll get lucky and someone will shoot him.

Thu, 06/30/2011 - 15:56 | 1416668 RacerX
RacerX's picture

I'd rather see those cocksuckers suffer..

Thu, 06/30/2011 - 16:47 | 1416866 NotApplicable
NotApplicable's picture

Lockjaw?

Thu, 06/30/2011 - 15:48 | 1416629 Subprime JD
Subprime JD's picture

This was expected. Now, the big question is when the Bernank will resign. Due to his god complex I give him at least 4 more years of micro managing this madness.

Thu, 06/30/2011 - 16:34 | 1416817 carbonmutant
carbonmutant's picture

The end of this administration is the end of his tenure...

Thu, 06/30/2011 - 15:53 | 1416631 Joebloinvestor
Joebloinvestor's picture

I hope he ends up sitting in the middle of the room trembling.

What an ass.

Thu, 06/30/2011 - 15:53 | 1416632 JW n FL
JW n FL's picture

Goldman Sachs Board Member Spared any investigation by the SEC... Surprise! Surprise!! Surprise!!!

http://www.finalternatives.com/node/17248

Gupta SEC Case Postponed Indefinitely” Notice that Goldman Sachs is NOT! in the Head Line?? And is not mentioned until the end of the article..  

Gupta was not called as a witness at Rajaratnam's trial, which ended in his conviction on all counts last month. But his voice was heard in several taped phone calls between the men; prosecutors say that, in one case, Gupta called Rajaratnam only seconds after leaving a Goldman board conference call to tell him that bank had received a big investment from Berkshire Hathaway.”

Thu, 06/30/2011 - 15:52 | 1416650 DoChenRollingBearing
DoChenRollingBearing's picture

It's news to me!

But, I am not surprised...

Thu, 06/30/2011 - 20:35 | 1417464 old naughty
old naughty's picture

DC,

you are sane enough to never be surprised...

Now will they find another one who can speak old chinese proverbs?

Game changing!

Thu, 06/30/2011 - 15:59 | 1416681 dcb
dcb's picture

he knows too much to be able to be put on the stand. can't allow the sheep to know what is really going on. could bring the whole house down.

Thu, 06/30/2011 - 15:53 | 1416634 tedsmojo
tedsmojo's picture

AMF

Thu, 06/30/2011 - 16:17 | 1416745 Josh Randall
Josh Randall's picture

10-4, this guy is the poster child for everything evil in the world of finance - Adios Mother F%*KER

Thu, 06/30/2011 - 19:00 | 1417238 Newsboy
Newsboy's picture

AMF-YoYo

Thu, 06/30/2011 - 15:50 | 1416637 Eireann go Brach
Eireann go Brach's picture

I heard he is starting a new career as an actor is going to play a role in a movie called "three chimps and a midget"

Thu, 06/30/2011 - 15:56 | 1416653 urbanelf
urbanelf's picture

Who are the other two chimps going to be?

Thu, 06/30/2011 - 15:50 | 1416640 camoes
camoes's picture

Suggestion for intrade bets

Soon to be new partner of:

(a) Goldman Sachs

(b) JP Morgan

(c) Citigroup

(d) HR Block

(e) PwC Auditor for reverse merger chinese companies

 

Thu, 06/30/2011 - 16:01 | 1416672 buzzsaw99
buzzsaw99's picture

dimon's new man-whore

Thu, 06/30/2011 - 16:18 | 1416744 Canuckistan Al
Canuckistan Al's picture

I offer yet another suggestion............

f) New head of the WTO or is it the World Bank........

Didnt I read somewhere recently that that post is now up for grabs? And isn't it customary that this "rapist" role goes to an American?

Fri, 07/01/2011 - 06:32 | 1418100 Escapeclaws
Escapeclaws's picture

Timmahs going to work for Turbotax.

Thu, 06/30/2011 - 16:13 | 1416748 traderjoe
traderjoe's picture

Book deal/tour first. That cools him off before going to a bank.

Thu, 06/30/2011 - 19:33 | 1417333 Extremist Tan
Extremist Tan's picture

agreed; then GS; or maybe BoNYMellon

Thu, 06/30/2011 - 15:51 | 1416643 Dreadker
Dreadker's picture

Maybe his constant fear mongering over a US default p*ssed of the Rep/Dem group aiming to use it to pass pointless concessions...  Timmy was clearly meddling in election territory, well outside of his assigned "Press the green button to print... Timmah... You got that?  BB"...

Thu, 06/30/2011 - 16:02 | 1416644 plocequ1
plocequ1's picture

"Explains why the market just ripped."

I thought it was the compression, or is it those Bollinger bands? I better check the charts

Thu, 06/30/2011 - 15:55 | 1416646 Rattling Bones
Rattling Bones's picture

What will we do now? I thought this guy was uniquely qualified to serve in this position. 

Thu, 06/30/2011 - 15:59 | 1416663 Dreadker
Dreadker's picture

Required experience -

None

Ability to push the "Print" button a plus

Proficiency with Microsoft excel (expecially the 'Hide rows' feature) a must

 

Yep - he was definitely uniquely qualified lol

Thu, 06/30/2011 - 15:56 | 1416649 youngman
youngman's picture

I bet he is going to hook up with Congressman Weiner....just my thought...

Actually he knows how much money he can make shorting the markets and treasuries now...and wants some big bucks...

Thu, 06/30/2011 - 16:01 | 1416686 Greeny
Greeny's picture

How much money do you make shorting Shares?

We are up over 400 points on the DOW in just last 3 days,

keep shorting.. I have couple of shorting positions as protection

and they are complete loss as of now.. DOW will go much higher

by the Year end, ones summer is finished.. Good luck with your

short..

Thu, 06/30/2011 - 16:16 | 1416737 dcb
dcb's picture

did you not buy long when futures were down over 10 points. that is always a buy signal at least on the day. noting wrong with closing some shorts, keeping those longs, and putting some shorts again.  you are therefore covered.

the second thing is we dropped to about the level of the flash crash, I expect we'd bounce back up just about as high. I don't know which way the market will go from here, but it's not been that difficult. I will play it either way as it doesn't matter to me. if it drops my couble inverse funds will be picked up, if it rises my shorts will stop out. but we are at critical inflection point. also note the firts day of the month and end of repo 105 so you should be front running the boys in that regard. thrid earnings is on us, so that means not knowing which way the market will really move. lastly first day of the month is known for being a big up day usually. not a bad idea to front run this.

 

be aware a lot of commodity funds roll over around the 8th. so expect a ramp up, then a drop.

that's all folks. of course doesn't always work, but you play the odds with stops, etc. good luck. they also have to push the market to get th sheep back in that sold at the bottom. instead of getting in then.

 

Good luck

Thu, 06/30/2011 - 16:26 | 1416801 youngman
youngman's picture

FYI...I am in PM´s........I could care less about stocks....or the paper that they are printed on...I do not have a HFT computer...so I do not want to play...If I can´t cheat like the rest of them....then I will take my ball and go home...to my PM´s...

Thu, 06/30/2011 - 21:06 | 1417552 msamour
msamour's picture

I hate to say it, but... Damn you're ugly!

Thu, 06/30/2011 - 16:33 | 1416829 Spastica Rex
Spastica Rex's picture

Whose summer is finished?

Thu, 06/30/2011 - 15:56 | 1416654 camoes
camoes's picture

Is this why gold dropped today?

Thu, 06/30/2011 - 16:05 | 1416705 Greeny
Greeny's picture

It's not just Gold, Commodities are week today.

DBA agriculture down 2.45% today.

DBE energy, slightly down too, Gold Silver also weak.

No worries though,

They'll run back up, soon enough.

Thu, 06/30/2011 - 15:56 | 1416655 Superslam
Superslam's picture

Jon Corzine's on deck.

Thu, 06/30/2011 - 16:22 | 1416789 Big Corked Boots
Big Corked Boots's picture

Then the apocalypse is surely upon us.

Thu, 06/30/2011 - 15:58 | 1416658 luster
luster's picture

He's got so many skilz that can be used elsewhere.

 

</sarcasm>

Thu, 06/30/2011 - 15:58 | 1416660 williambanzai7
williambanzai7's picture

Thu, 06/30/2011 - 16:00 | 1416671 Franken_Stein
Franken_Stein's picture

 

LOL !

 

Thu, 06/30/2011 - 16:08 | 1416717 Cognitive Dissonance
Cognitive Dissonance's picture

Time to issue these to all Americans. Make sure your neighbors have them too.

Thu, 06/30/2011 - 16:24 | 1416796 centerline
centerline's picture

We are going to use those to flip dog food burgers, right?

Thu, 06/30/2011 - 16:59 | 1416917 Cognitive Dissonance
Cognitive Dissonance's picture

LOL

That's right out of the old west pioneering spirit. Making one item do double or triple duty.

I prefer Alpo......but I'm sure when I get desperate enough the local house brand will be more than sufficient. A friend tells me not to over look the cat food when the bum's rush is on at the local supermarket. Fancy Feast is his favorite.

Thu, 06/30/2011 - 20:23 | 1417443 old naughty
old naughty's picture

Are they charcoaled, with lots of chillies? Yummmmmy.

Thu, 06/30/2011 - 16:58 | 1416925 HowardBeale
HowardBeale's picture

Like one of those jokes you get in an email, where a large space is inserted so you have to scroll down to the punchline--or swatline, in this case.

 

Didn't see it coming at all--much like the fly doesn't until...

Still laughing! 

 

Thu, 06/30/2011 - 21:40 | 1417608 mr. mirbach
mr. mirbach's picture

and after TSHTF and no-one can get gas for their cars, road kill is going to be scarce!

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