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Geithner out Corzine in?
We had the story about a month ago regarding the future of TSec Tim Geithner. The suggestion was that post a debt ceiling deal good old Tim would be out of a job. That might be in the works.
I’m not sure who to blame for the fiasco in DC the past few weeks. I think a lot of folks have their hands dirty in this mess. But certainly Geithner deserves his share of the blame. Tim is also a vestige from another era. He is as responsible as anyone for TARP. The case for sending him packing is pretty strong.
The question is when, and who will replace him. I found something in a bond offering that gives a clue. I’ve not seen this kind of language before. I think it tells us where this is headed.
MF Global is coming to market with $300mm of senior notes. By itself, this is a routine deal. But this one has some kickers to it that have me scratching my head. Jon Corzine is the CEO over at MF. Jon is ex Goldman and ex governor of NJ. A very powerful guy. He is also a solid Democrat and big supporter of Obama.
There is a unique feature in the MF Global deal. The interest rate on the bonds rise a full one percent if one conditions is met in the future. What is that condition?
The issue carries a notable “key man event” trigger, mandating a 100 bps increase in the interest rate if the company’s chief executive officer, Jon Corzine, is appointed by the President of the United States and confirmed for a role in the federal government before July 1, 2013.
Lawyers pore over bond deals. This one is no exception. As part of the due diligence someone must have asked Corzine how long he would be the CEO at MF. His answer must have been, “I’m staying until the President calls me with an offer”. The language in the bond deal has to mean that Corzine is already talking with the White House.
Corzine is a big shot (he had equal responsibilities at Goldie as did Hank Paulson). He would not consider a low level job in DC. So it has to be Tsec that he is after.
Let the dust settle for a month or so on both the debt deal and the MS bond offering and we are going to see a new guy at Treasury. Another Goldmanite. Just what we need….
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Based on what he has done with his fund lately. I say he is just the guy to finish the job.
Only in America people... can something like this happen? A bunch of Swiss scientist did a report on all the leading companies that control the wealth in the world:
The 147 Companies That Control Everything | Story
October 22, 2011
Filed under #occupythisinfographic: Three systems theorists at the Swiss Federal Institute of Technology in Zurich have taken a database listing 37 million companies and investors worldwide and analyzed all 43,060 transnational corporations and share ownerships linking them. They built a model of who owns what and what their revenues are and mapped the whole [...] see Forbes.com
These people are all interconnected, kinda like family almost. The shit is sick.
Abe Lincoln on lack of rule of law, on mob rule, summary lynching being allowed, not being prosecuted
"By such examples, by instances of the perpetrators of such acts going unpunished, the lawless in spirit, are encouraged to become lawless in practice; and having been used to no restraint, but dread of punishment, they thus become, absolutely unrestrained.--Having ever regarded Government as their deadliest bane, they make a jubilee of the suspension of its operations; and pray for nothing so much, as its total annihilation. While, on the other hand, good men, men who love tranquility, who desire to abide by the laws, and enjoy their benefits, who would gladly spill their blood in the defense of their country; seeing their property destroyed; their families insulted, and their lives endangered; their persons injured; and seeing nothing in prospect that forebodes a change for the better; become tired of, and disgusted with, a Government that offers them no protection; and are not much averse to a change in which they imagine they have nothing to lose.
Thus, then, by the operation of this mobocractic spirit, which all must admit, is now abroad in the land, the strongest bulwark of any Government, and particularly of those constituted like ours, may effectually be broken down and destroyed--I mean the attachment of the People.
Whenever this effect shall be produced among us; whenever the vicious portion of population shall be permitted to gather in bands of hundreds and thousands, and burn churches, ravage and rob provision-stores, throw printing presses into rivers, shoot editors, and hang and burn obnoxious persons at pleasure, and with impunity; depend on it, this Government cannot last.
By such things, the feelings of the best citizens will become more or less alienated from it; and thus it will be left without friends, or with too few, and those few too weak, to make their friendship effectual.
At such a time and under such circumstances, men of sufficient talent and ambition will not be wanting to seize the opportunity, strike the blow, and overturn that fair fabric, which for the last half century, has been the fondest hope, of the lovers of freedom, throughout the world."
-Lyceum Address.
our only hope is a democratic union to stop mobs, cartels, monopolies and to have equal application of the rule of law....and yet our govt does not protect us, does not represent our interests, nor our common good, it has few friends
Bruce....I agree we do not need another GSac kingpin....wondering, ifmwe had a govt really of, by and for the people, who would our TSec?
Regarding the individuals with the anti-semitic rants: Do Re Mi Fah Q.
An anti-semite is not so much someone who hates jews as much as somone who is hated by certain jews.
The Rabbis are not called anti-semites, even though they bless Hitler for doing God's work in killing the jews who disobeyed the Rabbis and turned away from them. Ditto: the Rabbis are not called anti-Christian even though the Talmud calls Christ "Pantera", allegedly named after the Roman guard who fathered Him with the whore Mary. Or for spitting in front of every Christian Church. Ditto the Rabbis are not called anti-female for disallowing Orhodox Judaic females from driving cars even in the ultra-liberal NYC. Ditto the Rabbis are not called anti-Gentile even though the Talmud states that every Goyim deserves death.
I wish no evil whatsover on any jew. But certainly the teachings, the theology, the philosophy of the Rabbis should be sent straight to hell from whence it came.
Geithner, Corzine - same old same old - we need someone with fresh new ideas in there like......well like Krugman!!!! hahahahahahahahahaha
With all due respect, Mr. Geithner never pulled the kind of heist Corzine managed on the pensions of New Jersey. If you'll remember, he made a timely donation to Lehman Brothers stockholders right before the whole thing went bust.
At that time he could have chosen a number of stocks that were "cheap" but went balls deep into Lehman. That must be how he made all that money for investors when he was in the private sector.
Good thread. A shame we can't get in more anti-semetic conspiracy rants in the comments, though. It really elevates the credibility of the site. Darn it, now, where did I put my copy of the Protocols of the Elders of Zion ....
Certainly has the ethics for it -
Regarding the fraud charges by SEC against GS:
"It's hard to see where the law was broken and I question whether there were choices on ethics that were breached," Corzine said. "It's very hard to understand how you turn that into a legal case."
Corzine said he expects that Goldman will "self-correct" in light of the scrutiny of the firm.
"It seems to be that because Goldman Sachs has been as successful as it is has been, it has ended up being the overall proxy for problems in the mortgage market," Corzine said."
via http://uk.reuters.com/article/2010/05/05/uk-goldman-blankfein-idUKTRE644...
Geithner is used up and spent
Now that millions ex-homeowners rent
More work for the greedy
To ensure we're all needy
They won't stop till they get your last cent!
So fuck all these assholes TODAY!
Opt out of the game that they play!
Stack real metal
not the bullshit they peddle
Or your wealth will vanish away!
I'd rather see Hank Paulson in 2 rooms.
Sorry Bruce, but Corzine is smart enough to know better than to take a commission aboard an iceberg challenged ship. He's going to let Tiny Tim stay as the navigation officer.
Bandit out, bandit in. Same old kosher Mafia.
Claims he's not a jew. "Unitarian". Really. He swears.
http://www.revisionisthistory.org/talmudtruth.html
Some Teachings of the Jewish TalmudWhere a Jew Should Do Evil
Moed Kattan 17a: If a Jew is tempted to do evil he should go to a city where he is not known and do the evil there.
Penalty for Disobeying Rabbis
Erubin 21b. Whosoever disobeys the rabbis deserves death and will be punished by being boiled in hot excrement in hell.
Hitting a Jew is the same as hitting God
Sanhedrin 58b. If a heathen (gentile) hits a Jew, the gentile must be killed.
O.K. to Cheat Non-Jews
Sanhedrin 57a . A Jew need not pay a gentile ("Cuthean") the wages owed him for work.
Jews Have Superior Legal Status
Baba Kamma 37b. "If an ox of an Israelite gores an ox of a Canaanite there is no liability; but if an ox of a Canaanite gores an ox of an Israelite...the payment is to be in full."
Jews May Steal from Non-Jews
Baba Mezia 24a . If a Jew finds an object lost by a gentile ("heathen") it does not have to be returned. (Affirmed also in Baba Kamma 113b). Sanhedrin 76a. God will not spare a Jew who "marries his daughter to an old man or takes a wife for his infant son or returns a lost article to a Cuthean..."
Jews May Rob and Kill Non-Jews
Sanhedrin 57a . When a Jew murders a gentile ("Cuthean"), there will be no death penalty. What a Jew steals from a gentile he may keep.
Baba Kamma 37b. The gentiles are outside the protection of the law and God has "exposed their money to Israel."
Jews May Lie to Non-Jews
Baba Kamma 113a. Jews may use lies ("subterfuges") to circumvent a Gentile.
Non-Jewish Children are Sub-Human
Yebamoth 98a. All gentile children are animals.
Abodah Zarah 36b. Gentile girls are in a state of niddah (filth) from birth.
Abodah Zarah 22a-22b . Gentiles prefer sex with cows.
Isn't this the same text where the quote "Jesus saves, but Moses invests" came from?
Man, you have got to be putting us on.
Isn't one anti-Semitic post per thread enough for you?
Our Jewish Lobby Owners..
http://www.opensecrets.org/usearch/index.php?q=jewish&cx=010677907462955562473%3Anlldkv0jvam&cof=FORID%3A11#861
You sound a tad jealous. Would you like me to introduce you to a nice mohel in FL who can perform an adult bris? Welcome you into the tribe? BTW: you do know that it was the Romans who killed Jesus (who was afterall, a Jooo)?
1 Thesalonians 2:14-15
"...Jews who both killed the Lord Jesus and their own prophets...
Yes, I know Judaics, who purchased the so-called Christian Church some ages ago, wrongly convinced 99.99% of Christians that someone other than the Hebrews "killed" Christ. But, thank God, not every Goyim swallows this lie.
Yes, I do not apologize for saying that the Hebrews themselves perpetrated the most horrific crime in all history.
I have no sympathy for any organized Christian religion, they are fully owned by the Rabbis from top to bottom.
BTW, next time any reader visits the library, look up the word "jew"in the Oxford English Dictionary. "Jew" first appeared in print in 1775 and most emphatically, Jesus was a Hebrew, an Israelite, but not a "jew". The Talmud is the most holy of all Judaic holy books, and it was written in the 4th CAD. Notice the people in modern Israel call themselves Israelis, not Israelites. Lastly, for the Rabbis, there are two Torah: one is the NT studied by so-called Christians, the other Torah God "spoke" to Moses (a lie) and was to put to print in the Talmud. The Rabbis teach the NT is only a poem with no meaning except what the Rabbis give to it.
The words on Jesus' crucifix are not "Jesus King of the Jews", but rather, "Jesus of Nazareth, leader of the Judeans". In this context "Judeans" is purely a geographic nomenclature with no religious meaning whatsover.
Take a peak at Revelation 2:9 and 3:9. The "jews" are labeled the "Synagogue of Satan". In this context, first, of course, the word jew is a later insertion, the proper word is Hebrew or Israelite (in my photo copy of the original KJV there is no such word "jew"). All then-Hebrews of the 1st C. AD who disobeyed John the Baptist and Christ, and refused to acknoledge Christ as God, John the author of Rev labels "...the Synagoge of Satan...".
saw the bloomberg story yesterday.
why is this legal?
is this not rank conflict of interest?
how is this ethical?
yawn....
So ya think the SEC will stop browsing midget porn long enough to care about this?
I did throw up in my mouth at the thought of Corzine (yet another GS troll) continuing a long tradition of graft and mayhem.
Corzine maybe ex-Goldmanite... but like Robert "The Rube" Rubin... He was run out of Goldman...
How do you know Daley won't just power his way from White House Chief of The Puppet's Staff to US Treasury Secretary...
Unless of course Jamie "Shoe Shine Boy" Dimon has dibs...
Hey Jamie, gimme a shine...
ALL
of
Washington DC!
ALL
of
the
Heads
of
Security Services (CIA / FBI / NSA)
are
ALL
Guilty
of
TREASON!!!
There is NO! Difference BETWEEN THEM ALL!!
Bush!
http://www.google.com/search?hl=en&xhr=t&q=sign+of+the+horns+bush
Obama
http://www.google.com/search?um=1&hl=en&biw=1280&bih=578&tbm=isch&sa=1&q=sign+of+the+horns+obama&oq=sign+of+the+horns+obama&
Clinton
http://www.google.com/search?um=1&hl=en&biw=1280&bih=578&tbm=isch&sa=1&q=sign+of+the+horns+clinton&oq=sign+of+the+horns+clinton&aq=f&aqi=&aql=&gs_sm=e&gs_upl=46223l49359l0l49718l12l12l0l7l0l2l297l952l0.1.3l4l0
Palin
http://www.google.com/search?um=1&hl=en&biw=1280&bih=578&tbm=isch&sa=1&q=sign+of+the+horns+palin&oq=sign+of+the+horns+palin&aq=f&aqi=&aql=&gs_sm=e&gs_upl=3182l5881l0l6193l12l11l0l5l0l0l234l967l1.3.2l6l0
Wake the FUCK! UP!!
So the Texas Longhorns ARE the devil?
I am a Hurricane myself so.. sure if we are playing the Long Horns..
but the point that I thought was clearly made.. was that NOT! any of those people are LONG HORNS!
So, it is really more about the people and less about the steers or queers.
JW they're everywhere. What to do?
http://intheknow7.files.wordpress.com/2010/12/palin-baphomet-horn-symbol...
http://www.jesus-is-savior.com/False%20Religions/Wicca%20&%20Witchcraft/...
http://www.theforbiddenknowledge.com/hardtruth/arafatbeast.jpg
http://www.jesus-is-savior.com/False%20Religions/Wicca%20&%20Witchcraft/...
http://3.bp.blogspot.com/_j6dN9Xk_xSQ/TOA6lkQNtcI/AAAAAAAAAnk/fpzz_L3fx1...
http://4.bp.blogspot.com/_NIdOvK-wjYc/SX5-CSzSrPI/AAAAAAAAABs/T72tS_OcrU...
He drove New Jersey to the dumpster; is the USA next on his route?
An inside guy from both sides who gives good can kicking ?? Approved !
Amazing catch, Bruce.
The fact you stumbled on that language is amazing enough.
The fact that it registered with you and you wrote something as relevant, timely and competent as you did...is quite another.
Or ... Bruce is being usd as a conduit for a leak to the press. ;-)
http://www.ae911truth.org/en/news-section/41-articles/544-eso-trailer.html
So what do you think? Crime of the Century. Who gives a crap about how a seal double tapped Osama? Osama is a high level soft spoken banker in southeast CT, a velvety handshake, so good to see you, Mr Paulsen..
Obama punishes loyalty. I'll stick to my original choice, Hillary Clinton, just to dissuade her from running against him in 12.
Clinton? Clinton ... isn't she Secretary of State?
i dont know about this one......Corzine was solidly behind Hillary against Obama and Obama put in a half ass effort to help him try and keep his job in NJ
you assume it's Obama's decision
Soros as Trsy Sctry or advisor
Like he's not already?............
Looks like the lawyer who drafted it didn't do a very good job. What happens if he leaves to McDonalds?
the lawyer for the buy side didn't do a good job because of the direction of the interest rate adjustment. Corzine is a complete disaster. the issue should call for a 100bps REDUCTION if he departs.
ONE PIECE OF CRAP OUT, ANOTHER IN! Perfect 10 for Obama, why not Van Jones?
Is there anything working for Goldman Sachs can't do for you?
They can't sqeeze you through the eye of a needle....
Sorry to inform you but this is the same pedigree that detroyed Germany. They must all go but it will not happen without some sort of a revolt. Blankfield and Dimon are the evil that is running us into the ground.
Spelling alert: It's "Blackfiend" and "Demon".
The only thing that matters about Corzine is that he was a bagman for Obama.
No way, he's missing the most important requirement for the job. And changing his name won't do it.
On second thought, they may trust him in that postion. Corzine was "very, very friendly" with the Jewish community and had "deep contacts" within the community. Corzine, is an advocate for Israel and has visited the Jewish State on a number of occasions.