White House Stands Behind Geithner, Says Tim Was Not Involved In AIG Email Fiasco

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Fri, 01/08/2010 - 14:24 | 187154 fuu
fuu's picture

So if the head of the NY Fed was not involved with this at all who was? And is not the head of an organization ultimately responsible for what goes on?


Nice to know that no one is ever responsible for their actions.

Fri, 01/08/2010 - 14:37 | 187188 i.knoknot
i.knoknot's picture

methinks they protest too loudly... i don't think this one is over.

then consider that yesterday Mr. Obama took full personal responsibility for a single bomb carrying passenger, out of millions of travelers per day... oh yeah, this enabled his fix, which is to x-ray us (and our wives). amazing how many 'full-body scanners are conveniently available in the wings to suddenly be deployed in all of these airports... like they didn't see this coming months ago.

"scare them then herd them"

Fri, 01/08/2010 - 14:40 | 187205 Mad Max
Mad Max's picture

+1000 on both counts.

Fri, 01/08/2010 - 14:52 | 187226 Careless Whisper
Careless Whisper's picture

I think the exact quote from the WH spokesman was:

"Secretary Geithner was not involved in any of these emails," Gibbs said.

Typical non-denial denial.

Fri, 01/08/2010 - 15:22 | 187302 DaveyJones
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Fri, 01/08/2010 - 21:12 | 187847 Rainman
Rainman's picture

funeee....plausible denial is always passive or aggressive. Never both.

Fri, 01/08/2010 - 16:46 | 187473 MikeNYC
MikeNYC's picture

"SECRETARY Geithner" was not involved.

As opposed to "then NY Fed chief Geithner," who was involved, deeply.

Fri, 01/08/2010 - 18:15 | 187659 Anonymous
Anonymous's picture

this is excellent - you interpret newspeak

Fri, 01/08/2010 - 19:42 | 187766 Astute Investor
Astute Investor's picture

It comes down to what is the definition of "involved"....

Fri, 01/08/2010 - 23:58 | 188028 Heavy
Heavy's picture

I thought the idea was that a treasury secretary could allow faked reporting under the law for security reasons, but a (private industry?) Fed. head, can not?

Fri, 01/08/2010 - 16:10 | 187389 BorisTheBlade
BorisTheBlade's picture

then consider that yesterday Mr. Obama took full personal responsibility for a single bomb carrying passenger, out of millions of travelers per day... oh yeah, this enabled his fix, which is to x-ray us (and our wives). amazing how many 'full-body scanners are conveniently available in the wings to suddenly be deployed in all of these airports... like they didn't see this coming months ago.

that can be even more bizzare than you might think: http://www.youtube.com/watch?v=KiN3rVXShAg

Fri, 01/08/2010 - 15:21 | 187300 TheGoodDoctor
TheGoodDoctor's picture

That's quality leadership. I mean no wonder he is the Treasury Secretary!

Fri, 01/08/2010 - 15:33 | 187323 John Self
John Self's picture

Fortunately, the administration hasn't gotten around to hiring any Geithner underlings at Treasury -- so this time around, there's no one else for him not to be responsible for. 

Fri, 01/08/2010 - 15:52 | 187358 TraderMark
TraderMark's picture

So if not Tim who has the authority to give away tens of billions of taxpayer money.

Let me guess it was Chuck in accounting.

Or Stewart in legal.


Yep that's the ticket.

It can only be Hank or Ben and since Hank is "independent" of the Fed and of course RECUSED from any dealings with Goldman it must be Time's Man of the Year.


No wait, it was Chuck.

Fri, 01/08/2010 - 16:06 | 187383 Anonymous
Anonymous's picture

Obama said "the buck stops here"

Fri, 01/08/2010 - 14:24 | 187155 naiverealist
naiverealist's picture

Yeah, Right!

Fri, 01/08/2010 - 14:26 | 187160 docj
docj's picture

More comedy gold from Gibbsy.

Seriously though, which is worse?  That he "was a party" to this cover-up (in which case they're lying their asses off - another day another whopper of a lie, and all that)?  Or that he wasn't and were therefore oblivious to what was going on under his nose?

Fri, 01/08/2010 - 14:56 | 187238 Assetman
Assetman's picture

If the buck doesn't stop with Geithner at the NY Fed when he was, supposedly, in charge... why should the buck stop with him at the Treasury?


Fri, 01/08/2010 - 15:14 | 187273 Sancho Ponzi
Sancho Ponzi's picture

By definition, the buck starts at the Treasury;)

Fri, 01/08/2010 - 15:15 | 187284 Assetman
Assetman's picture

Not in the electronic world... digits are created by the Fed out of nitrogen, oxygen, carbon dioxide... and traces of many other elements. 

Some call that "thin air".

Fri, 01/08/2010 - 15:40 | 187339 Goldtoothchimp09
Goldtoothchimp09's picture

So Treasury discovered the "God Particle" before CERN?!

Fri, 01/08/2010 - 16:33 | 187445 Ned Zeppelin
Ned Zeppelin's picture

+1 now where is that darn Higgs particle (had it here a nanosecond ago)

Fri, 01/08/2010 - 22:34 | 187930 hidingfromhelis
hidingfromhelis's picture

Aha!  Now I get it; the Large Hadron Collider is actually the mother of all printing presses!

Fri, 01/08/2010 - 14:28 | 187163 john_connor
john_connor's picture

The O team and associated members are always right and are immune from anything.

Who cares anyway?  This whole thing is a sideshow.  The #1 biggest joke right now is Fannie and Freddie. 

Fri, 01/08/2010 - 14:28 | 187165 trav7777
trav7777's picture

So the emails from TGeither@ustreas.gov were not from him?

Fri, 01/08/2010 - 16:14 | 187404 Anonymous
Anonymous's picture

that's correct....tgeither@ustreas.gov is actually
tonya geither who is often confused with tgeithner@ustreas.gov all the time....common mistake
and she should be fired and prosecuted before
the weekend is out....sentencing will occur
monday and the whole forgotten about by tuesday...

Fri, 01/08/2010 - 14:30 | 187172 Gimp
Gimp's picture

Hope, Change ,transparency ..code words for the same old B.S you can believe in.

Fri, 01/08/2010 - 14:32 | 187174 waterdog
waterdog's picture

Who belongs to the handwriting on the documents provided by Darrell Issa in yesterday's post on this subject?



Fri, 01/08/2010 - 15:15 | 187287 Anonymous
Anonymous's picture

Compare writing to his signature on currency. More samples can be found on-line.

Fri, 01/08/2010 - 15:32 | 187318 Optimystic
Optimystic's picture

Right.  There can not be that many people with that authority.  So, who is it?

Fri, 01/08/2010 - 15:40 | 187342 Optimystic
Optimystic's picture

A whistle blower inside the Fed (or maybe PwC).........tell us who made those edits.  Any brave souls out there?

Sat, 01/09/2010 - 15:59 | 188598 Anonymous
Anonymous's picture

Geithner was not involved. It was Bernake. Just as Bernake threathened Mr. Lewis of BofA to buy Merriel. In that deal Bernake insisted on leaving the spaces blank to in the contract to be filled in later.

What most people don't get is that it was really Merril buyinging BofA. It's obvious by how much they overpaid. Where every other deal was pennies on the dollar: Investment bank gobbles commerical bank. But the one deal that bucks the trend, is the Merrill/ BofA deal.

All in all, makes the Club of Rome theory look very realistic. The fact that a number of Investment banks came out on top at the expense of commercial banks and a couple investment banks that were non club memebers?

Fri, 01/08/2010 - 14:32 | 187176 Oso
Oso's picture

either he was involved, or he is a fucking moron and should never have been appointed HEAD OF THE NY FED.


fuck this, fuck the government, FUCK GEITHNER

Fri, 01/08/2010 - 15:15 | 187285 Steak
Steak's picture

My sentiments exactly...when this (journalistic) smoking gun can be waved off, i mean it was in the guy's handwriting for cripes sake...then its clear our government and elected officials are working against us, not for us

Fri, 01/08/2010 - 15:35 | 187328 Missing_Link
Missing_Link's picture


Fri, 01/08/2010 - 15:36 | 187330 John Self
John Self's picture

You could work that line nicely into the end of Ministry's Stigmata.

Fri, 01/08/2010 - 16:06 | 187384 Anonymous
Anonymous's picture

We weren't corrupt; We were incompetent! Much better.

Fri, 01/08/2010 - 14:33 | 187178 chumbawamba
chumbawamba's picture

Get a rope.

I am Chumbawamba.

Fri, 01/08/2010 - 15:11 | 187260 Miles Kendig
Miles Kendig's picture

Use an extension cord....  At least we would find out what kind of soprano he really is and how he dances first.

Fri, 01/08/2010 - 15:05 | 187261 Steak
Steak's picture

Lets just forget that we're in a keptocracy for a day and vibe to some K'naan...how does that sound?


Fri, 01/08/2010 - 14:33 | 187180 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

The Administration has waved its magic fairy wand people, so this must be so.


Move along. Bibbity Bobbity Boo.

Fri, 01/08/2010 - 14:42 | 187207 Anonymous
Anonymous's picture

These aren't the droids you're looking for.

Fri, 01/08/2010 - 15:32 | 187321 DaveyJones
DaveyJones's picture

wow...what an analogy. I mean Luke, WAS in love with his sister, and this whole thing is nothing more than an incestuous mess...

when does the death star explode? 

Fri, 01/08/2010 - 14:33 | 187181 lsbumblebee
lsbumblebee's picture

This would fall under #9 and #13 in the 14 points of Fascism.



Fri, 01/08/2010 - 14:40 | 187204 Mad Max
Mad Max's picture

Gibbs is less credible than Baghdad Bob these days.

Clearly our republic needs, and is getting, more bananas.

Fri, 01/08/2010 - 14:41 | 187206 Internet Tough Guy
Internet Tough Guy's picture

He's an errand boy, sent by grocery clerks, to collect a bill.

Fri, 01/08/2010 - 15:37 | 187334 John Self
John Self's picture

+ 1!

Sat, 01/09/2010 - 00:12 | 188043 Hidetora
Hidetora's picture


Fri, 01/08/2010 - 14:45 | 187214 Anonymous
Anonymous's picture

The question then is "who was behind the email" and was he an underling and therefore reporting to Timmy boy??

Since when is it the case these "management types" are not responsible for the activites of their underlings.

Whether Timmy was involved, his agency was and certianly the person that did this was acting on someone's orders and directives.

I want an ivestigation on the Fed and the AIG mess.

Fri, 01/08/2010 - 15:49 | 187354 The Rock
The Rock's picture

I want an investigation on the Fed and the AIG mess.

Move along, 'cause you're not going to get it.  Sweep it under the rug with all the other "non-investigations" (e.g. 9/11, Iraqi tortures, Israel's shenanigans)...

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