Geithner Out Before End Of January

Tyler Durden's picture




 

We are sad to bring you the tragic news that Tim "TuboTax" Geithner, who has long made clear his plans to leave some time in early 2012, will be out before March, and in fact before the end of January as it turns out. From Bloomberg:

  • GEITHNER SAID TO PLAN DEPARTURE BEFORE DEBT CEILING RECKONING

We are also confident readers will somehow be able to overcome the unprecedented sadness at this particular rat's departure from the Titanic, metaphorically speaking of course.

And while Timmy's replacement (assuming it is of the Homo Sapiens genus and species) is still unknown, we know what some of the prospects think about serving the public:

American Express Kenneth Chenault had been approached for job, has indicated he isn’t interested

 

Administration officials had approached American Express Co. Chief Executive Officer Kenneth Chenault about joining Obama’s second-term cabinet, possibly as Treasury secretary. Chenault isn’t interested in leaving his private sector job, according to a spokesman.

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Thu, 01/03/2013 - 13:44 | 3119119 littleguy
littleguy's picture

A great loss.

Thu, 01/03/2013 - 13:48 | 3119152 SilverIsKing
SilverIsKing's picture

He wants to get out now because he knows what's coming.  Maybe he's not at stupid as I think he is and I really do think he is very stupid.

Thu, 01/03/2013 - 13:52 | 3119165 camaro68ss
camaro68ss's picture

MF global Corzine should step in, he knows how to run ponzies.

Whats better then a turbo tax cheat? A Ponzi schemer, duh

Thu, 01/03/2013 - 13:53 | 3119184 ArkansasAngie
ArkansasAngie's picture

I await news of his arrest

A raise would really piss off this citizen

Thu, 01/03/2013 - 13:59 | 3119218 NotApplicable
NotApplicable's picture

I'm guessing you're not going to be very happy, because he's in line for a serious promotion. The only question... public (IMF) or private (Kissinger).

I'd like to see him as the new head of the Libyan Central Bank. You know, where the action is.

Thu, 01/03/2013 - 14:07 | 3119250 Manthong
Manthong's picture

At least he got his last important task accomplished..

Most of the derivatives market (fx) is exempted from pesky regulation now.

Thu, 01/03/2013 - 14:16 | 3119287 economics9698
economics9698's picture

Hank Paulson II, next clown.

Thu, 01/03/2013 - 14:28 | 3119355 aint no fortuna...
aint no fortunate son's picture

Shit, why not ust bring in Draghi and get this whole shitstorm over with in one great big beautiful financial nuclear holocaust

instead it's just death by a thousand cuts

Thu, 01/03/2013 - 16:24 | 3119836 Ghordius
Ghordius's picture

hey! every people gets the politicians and central bankers it deserves

you keep Bernanke and we keep Draghi

you keep the FED, we keep the ECB

you keep King Dollar, we keep Princess Euro

you keep one prez and two houses

we keep our half dozen kings, dozen presidents, 27 prime ministers, some 45 houses, one eu commissioner per country and Gollum

don't be greedy, America

next you'll be asking for our DSK and Berlusconi to liven up your love life

I know you actually want some Royals, too. well, we can't spare them, ok?

Thu, 01/03/2013 - 17:37 | 3120004 TwoShortPlanks
TwoShortPlanks's picture

Greenspan and Geithner, the two US citizens who hold Special Privileges within the sovereign state of the Bank For International Settlements, Basel, Switzerland. They are protected from ALL prosecution in the discharge of their duties, save flagrant criminal activity, both for during and after holding position of CPSS Chairman (for Geithner) and Fed Chairman (for Greenspan) at/for the behest of the BIS.

https://www.youtube.com/watch?v=0r3-MNonZ64

I bet less than 1 in 100,000 Americans know that [vital] snippet of information.

Exactly who did Greenspan, and who does Geithner work for….no-no, their REAL boss, not who pays them their pocket money. I bet only a few of you really know!

Question: why would Greenspan be given Special Privileges in being protected from ALL prosecution in the discharge of their duties if he was Fed Chairman, not BIS Chairman?

Answer: because the Fed answers to the BIS, all the Central Banks answer to the BIS...it's the Global Central banking hub. The BIS is the financial arm, just like the UN is the physical arm and the IMF are the debt collecting arm of the multi-banking dynasties. The US is actually the War arm (seriously, the US does all the dirty work when and where it is needed. America lost its sovereignty years ago, they’re just going to war on the US citizen now simply because the US citizen is sick of America being at war all the time…it’s taken 60 years tho, not bad!).

The BIS was put together after WWI with the charter to coordinate war reparations, but its real purpose was to connect and control all the globally fragmented banking centres...like the internet has a physical backbone, the BIS became the physical backbone of banking and finance. This is why war reparations became a money shuffling exercise, as there was no need for war reparations is the one system effectively spans all (like if a company buys out a dealer it effectively rights-off any debts outstanding).

 

Now Geithner is jumping ship. He is no longer useful because the Chinese will not speak to him so he has served his purpose but will resurface elsewhere where they need his pulling power.

I think it pays to question exactly why do these people linger-on long after leaving office...why do they?

Simple, it's because when they leave they add another onion layer between the sheeple and the core elite. A trusted layer which is both experienced and proven trustworthy.

So, if you look at Agenda 21 (Sustainable Development) for what it really is, it's merely a Post War plan for what/who remains......"Post War" you're thinking?! Yes, a war on the US lower, middle AND upper class.

Thu, 01/03/2013 - 17:50 | 3120129 Jack Napier
Jack Napier's picture

Timmy ain't jumpin ship. He's moving over to take Bernanke's chair.

Thu, 01/03/2013 - 17:58 | 3120147 TwoShortPlanks
TwoShortPlanks's picture

Well it makes sense since the Fed now centrally controls markets, finances US debt, bails out banks.....controls standards of living!

Thu, 01/03/2013 - 14:30 | 3119359 nope-1004
nope-1004's picture

Financial slime ball.  They're a dime a dozen, these days.  Pun intended.

 

Thu, 01/03/2013 - 16:27 | 3119365 sunaJ
sunaJ's picture

JANUARY 2009:   "Bring out the gimp!"

JANUARY 2013:   "Put the gimp in its box."

Thu, 01/03/2013 - 18:06 | 3120173 WTFUD
WTFUD's picture

Not sure where everyone is getting their information. I heard TG was throwing himself into Charitable Causes as next CEO of JPM.
God bless him!

Thu, 01/03/2013 - 14:08 | 3119254 phyuckyiu
phyuckyiu's picture

Gerard goes russkie and the crypto-jew resigns from the Fed, only to be replaced by Jacob Lew, who is not very crypto. I'm going golfing in hawaii for the 5th time in a week, see ya.

Thu, 01/03/2013 - 14:17 | 3119293 economics9698
economics9698's picture

You lucky dog.

Thu, 01/03/2013 - 14:51 | 3119337 phyuckyiu
phyuckyiu's picture

Actually that was a joke about our fearless leader, but my wood stove is getting warmed up as we speak. :)

Thu, 01/03/2013 - 14:02 | 3119232 S5936
S5936's picture

I would suggest " War and Peace "while you await his arrest .

Thu, 01/03/2013 - 14:23 | 3119329 firstdivision
firstdivision's picture

Free Madoff!

Thu, 01/03/2013 - 14:33 | 3119377 Winston Churchill
Winston Churchill's picture

Nah, Bernuie Maddoff would be much better.

Will Timmy be going directly to hell,or a pitstop for filthy lure first ?

Thu, 01/03/2013 - 13:51 | 3119170 NotApplicable
NotApplicable's picture

Well, look at what Hillary is going through, all to avoid testifying under oath.

Gotta survive to thrive!

Thu, 01/03/2013 - 21:04 | 3120680 Fish Gone Bad
Fish Gone Bad's picture

A long time ago, I did not like Hillary.  I think it was about that crap she did with healthcare and did not involve any medical professionals.  But then she stood by Bill with all his problems (I think they even portrayed her as a lesbian to explain why Bill was fucking the help).  Then she became a senator, and then she took the nastiest, hardest, most thankless job in the world, secretary of state.  Peoples' deeds speak louder than words.  She has certainly taken "one for the team" a few times.  I honestly doubt she could fake a subdural hematoma.  I honestly do not like many people (other than Dick Cheney), but she has earned my respect.

FGB

Thu, 01/03/2013 - 13:51 | 3119172 azzhatter
azzhatter's picture

just such a pathetic excuse for a human being this Geithner. Stupid, ugly and a smart ass. Would love to see him get the shit beat out of him

Thu, 01/03/2013 - 14:00 | 3119221 Sudden Debt
Sudden Debt's picture

THE RAT IS DEATH!!!

LONG LIVE THE NEW RAT!!!

Thu, 01/03/2013 - 14:04 | 3119243 Syntaxkat
Syntaxkat's picture

Wondering which Goldmanite will take his spot.

Thu, 01/03/2013 - 14:18 | 3119298 phyuckyiu
phyuckyiu's picture

It's Jacob Lew, and has been for over a year now.

Thu, 01/03/2013 - 14:20 | 3119311 economics9698
economics9698's picture

Jacob Jew?

Thu, 01/03/2013 - 15:22 | 3119586 Bansters-in-my-...
Bansters-in-my- feces's picture

I think he means Jacob Lew.

Thu, 01/03/2013 - 14:19 | 3119303 economics9698
economics9698's picture

 

asshater I’d kick his ass.

 

Thu, 01/03/2013 - 14:03 | 3119242 Sunshine n Lollipops
Sunshine n Lollipops's picture

He's always reminds me of a grown up Eddie Haskell.

Thu, 01/03/2013 - 14:23 | 3119330 Freddie
Freddie's picture

Geithner's dad and Obama's supposed mom worked at the Ford Foundation aka a more liberal front for CIA operatives.

Thu, 01/03/2013 - 13:51 | 3119174 pods
pods's picture

New orders are up for Fudge Stripes and he is desperately needed back at the tree.

pods

Thu, 01/03/2013 - 14:21 | 3119289 Cognitive Dissonance
Cognitive Dissonance's picture

Now that is freaking hilarious. :)

Plus 100 if possible.

Keebler

Thu, 01/03/2013 - 14:27 | 3119350 Lets_Eat_Ben
Lets_Eat_Ben's picture

Geithner and his British counterpart have completed their work. They can now go and retire to a life of luxury while the rest of the world burns.

Thu, 01/03/2013 - 20:42 | 3120595 Buck Johnson
Buck Johnson's picture

Exactly, he knows what is coming and wants out.  Even the people they are approaching don't want the job, because the numbers don't work.  You can't keep printing money and monetizing your debt forever, it doesn't work.  Sooner or later the US will have to have severe austerity and it will be very bad and last a very long time.

Thu, 01/03/2013 - 13:55 | 3119196 spastic_colon
spastic_colon's picture

next stop, goldman payroll (officially)

Thu, 01/03/2013 - 14:04 | 3119244 Snakeeyes
Snakeeyes's picture

But Lew that scumbag is the likely replacement. :(

Thu, 01/03/2013 - 14:25 | 3119336 AlaricBalth
AlaricBalth's picture

Jacob "Jack" Lew. The consumate Washington bureaucrat. Did a stint at Citi as a payoff for all of his years of "public service".

Sometimes the whore you know is better than the whore you don't know.

Thu, 01/03/2013 - 17:11 | 3120007 willwork4food
willwork4food's picture

Public service..right. I have their honorary public service award right here..

Fucking vultures.

Thu, 01/03/2013 - 13:45 | 3119129 IvyMike
IvyMike's picture

One man's departure from the Titanic is another man's voting with their feet.

Thu, 01/03/2013 - 13:48 | 3119153 HelluvaEngineer
HelluvaEngineer's picture

I find it interesting how many indicators there are that something really big is supposed to hit in March.

Thu, 01/03/2013 - 13:51 | 3119175 NotApplicable
NotApplicable's picture

It's those damn ides!

Thu, 01/03/2013 - 14:19 | 3119301 Jonas Parker
Jonas Parker's picture

Et tu, Timmy?

Thu, 01/03/2013 - 14:10 | 3119262 S5936
S5936's picture

Hmmm ... The Ides of March eh ?

Thu, 01/03/2013 - 13:46 | 3119130 smlbizman
smlbizman's picture

the real sad news is the next guy will be worse......

Thu, 01/03/2013 - 13:48 | 3119155 Esso
Esso's picture

Probably only an order of magnitude worse, give or take.

Thu, 01/03/2013 - 14:01 | 3119226 RacerX
RacerX's picture

Right. 2nd term is typically "2nd string". If Geithner was the best they had to run, I can't even imagine how bad the next guy will be.

Thu, 01/03/2013 - 13:46 | 3119131 jcaz
jcaz's picture

Yeah, needs extra time to work on his taxes.....

Thu, 01/03/2013 - 13:46 | 3119133 Dagny Taggart
Dagny Taggart's picture

Another will just float to the top.

<please not Krugman, please not Krugman>

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