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Did Tim Geithner Leak Every Fed Announcement To The Banks?

Tyler Durden's picture




 

On August 17, 2007, the Fed's Board of Governors announced a key change to primary credit lending terms, whereby the discount rate was cut by 50 bp — to 5.75% from 6.25% — and the term of loans was extended from overnight to up to thirty days. This reduced the spread of the primary credit rate over the fed funds rate from 100 basis points to 50 basis points. News of the emergency measure was supposed to be kept secret from market participants as it was substantially market moving. It wasn't. And just when we thought our opinion of the outgoing Treasury Secretary and former NY Fed head Tim Geithner, whose TurboTax incompetence is now legendary, couldn't get lower, it got lower. Much lower.

From the August 16, 2007 transcript (page 13 of 37) of the conference call preceding this announcement.

MR. LACKER. If I could just follow up on that, Mr. Chairman.

 

CHAIRMAN BERNANKE. Yes, go ahead.

 

MR. LACKER. Vice Chairman Geithner, did you say that [the banks] are unaware of what we’re considering or what we might be doing with the discount rate?

 

VICE CHAIRMAN GEITHNER. Yes.

 

MR. LACKER. Vice Chairman Geithner, I spoke with Ken Lewis, President and CEO of Bank of America, this afternoon, and he said that he appreciated what Tim Geithner was arranging by way of changes in the discount facility. So my information is different from that.

 

CHAIRMAN BERNANKE. Okay. Thank you. Go ahead, Vice Chairman Geithner.

 

VICE CHAIRMAN GEITHNER. Well, I cannot speak for Ken Lewis, but I think they have sought to see whether they could understand a little more clearly the scope of their rights and our current policy with respect to the window. The only thing I’ve done is to try to help them understand—and I’m sure that’s been true across the System—what the scope of that is because these people generally don’t use the window and they don’t really understand in some sense what it’s about.

At least we now know who the bankers' mole on the FOMC was before, as gratitude for his services, he was promoted to Treasury Secretary of the US. Because if he leaked one, he leaked them all.

h/t Manal

 

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Fri, 01/18/2013 - 17:07 | 3167408 Say What Again
Say What Again's picture

Shit!!!

He won't even see the inside of a court room.

Forget about being sent to jail!

 

Fri, 01/18/2013 - 17:09 | 3167418 ACP
ACP's picture

Speaking of lies and manipulation, AAPL closes @ 500.00, the minimum price allowed by the Fed.

Fri, 01/18/2013 - 17:10 | 3167422 Say What Again
Say What Again's picture

Stop Running...

The new Olympic sport!

Fri, 01/18/2013 - 17:20 | 3167455 Careless Whisper
Careless Whisper's picture

If Ken Lewis knew about it, then Jamie Escobar and Lloyd Corleone got the word also.

Fri, 01/18/2013 - 17:23 | 3167472 SilverTree
SilverTree's picture

"No risk of that"

Fri, 01/18/2013 - 17:50 | 3167564 Zer0head
Zer0head's picture

 

 

Shit!!! He won't even see the inside of a court room.

no, the only thing he'll see is Opraha's FatAss in the chair across from him

 

Fri, 01/18/2013 - 18:10 | 3167639 SafelyGraze
SafelyGraze's picture

it isn't a leak when it's a briefing

note to lance: learn to talk more like tim. timtalk. timspeak. geithcant. treajargon. 

Fri, 01/18/2013 - 18:16 | 3167672 BoNeSxxx
BoNeSxxx's picture

I miss the days when this shit used to surprise me... I really do.

Fri, 01/18/2013 - 18:25 | 3167710 knukles
knukles's picture

That it happened does not surprise me.
The magnitude of the crime, however, is astoundingly large.
Like the big lie, the big crime.
About which nothing shall be done.

An indictment the entire fucking system.  Which we all need to see and hear, again and again, or it becomes lost in the minor crimes... and the argument of the unrelated minutiae.

Mind-boggling in its entirety.

Fri, 01/18/2013 - 18:37 | 3167736 Fish Gone Bad
Fish Gone Bad's picture

The Fed is composed of all the big banks.  They already make money out of thin air, is this really a surprise?

Fri, 01/18/2013 - 19:35 | 3167864 eatthebanksters
eatthebanksters's picture

Why is this news to anyone?  Old Timmeh knew about the Libor manipulations while he was at the NY Fed and kept it to hmself.  Kyle Bass said it best...the government's job is not to tell you the truth (especially after they fucked everythng up) it's to keep you confident.   

Ain't that a bitch?

Fri, 01/18/2013 - 19:43 | 3167877 SGS
SGS's picture

Jew out, Jew in.  Another 4 years, then repeat again.  Good luck Mr Lew.

Fri, 01/18/2013 - 20:12 | 3167938 James_Cole
James_Cole's picture

"Speaking of lies and manipulation, AAPL closes @ 500.00, the minimum price allowed by the Fed."

Speaking of lies and manipulation, AAPL closes @ 500.00, the exact price demanded by options.

There I fixed it for you.

Fri, 01/18/2013 - 21:24 | 3168104 CPL
CPL's picture

HOly fuck...I have NEVER seen that happen ever.  That's like winning the lottery twice in the same day.  

Or playing your own options against yourself because no one else is playing with you anymore so it will always rise to your own counter bid from a dummy trade account. 

Fri, 01/18/2013 - 21:28 | 3168111 old naughty
old naughty's picture

They all knew.

Mr. Larker is not a Club member...

We just find this out...hidden in plain sight !

 

Fri, 01/18/2013 - 22:35 | 3168231 Joe Davola
Joe Davola's picture

Lacker was just giving them a glimpse of his trump card - if he had any balls, there'd have been a leak...

Wait a minute dumbass, who's he gonna leak it to, no one in the media (who didn't want to be labeled a kook) would do anything with it.  Note to self, quit being such a dumbass.

Sat, 01/19/2013 - 01:45 | 3168454 Richard Chesler
Richard Chesler's picture

Scumbag Tim.

 

Sat, 01/19/2013 - 02:13 | 3168473 old naughty
old naughty's picture

Every dumbass has its moment of smartass...

Didn't you see Tyler's photo just below the subjet line?

He is 'think'ing to Mr. Larker: "Thanks ten millions, my "Years with the US Treasury" will sell like hotcakes"

"Lie Yo Me" lies himself, all the time, no?

 

Oh, you didn't call him dumbass...

 

So, scum-bag of millions.

Sat, 01/19/2013 - 05:13 | 3168530 Harlequin001
Harlequin001's picture

The Government has a simple choice, it can either allow the banks to rip you off any way they can and make 'profits' or they can sell bonds and bail them out. They certainly aren't going to shut them down, so which do you think they choose?

It isn't that difficult really is it? in fact the only difficult thing to work out is why people have anything to do with the banks whatsoever any more.

Sat, 01/19/2013 - 00:07 | 3168369 James_Cole
James_Cole's picture

Paying some guy at the wsj to write a hitpiece for a Sunday night dump, $10k.

Paying a few guys to reblog said wsj article, $50.

Friday close @ 500.00, priceless!

Fri, 01/18/2013 - 20:29 | 3167993 moroots
moroots's picture

The next time the Fed behaves in the interest of the public will be the first.  It does what it is designed to do - protect and insulate large banks.

The public has been duped by so-called academics like Krugman into thinking there is some vast science or you need a PhD to understand what they do.

It's not hard - they print money and they protect the ability of their constituent banks to print money.  That's basically it.

Fri, 01/18/2013 - 23:53 | 3168359 SMG
SMG's picture

Not  Jewish, Luciferian.

Sat, 01/19/2013 - 00:42 | 3168405 pbppbp
pbppbp's picture

SGS=BIGOT

Fri, 01/18/2013 - 19:10 | 3167808 a growing concern
a growing concern's picture

You know what I miss?  6 point two five fucking percent interest rates.  Jesus H Christ in a chicken basket, I'd kill for that.  You know, instead of the .0001% my savings account currently pays me.

Fri, 01/18/2013 - 19:14 | 3167821 ForTheWorld
ForTheWorld's picture

What do you need to save money for? Spend up big on credit, where the interest rates just keep rising!

Fri, 01/18/2013 - 19:34 | 3167860 donsluck
donsluck's picture

Hell, I get 10,000 times that in my liquid CD (1.0%)!

Fri, 01/18/2013 - 21:44 | 3168144 max2205
max2205's picture

It's your stealth tax no one wants to publicly admit.

Tax...I mean theft. Goes right to banks and EBT FOLKS.

REBEL against the wall

Fri, 01/18/2013 - 22:08 | 3168188 WmMcK
WmMcK's picture

+1 - But be careful what you wish for.  6.25% can  double quickly.

But mortgages will be 17% again like in 1980.

And there will be no Volker next time.

Sat, 01/19/2013 - 15:57 | 3168747 unununium
unununium's picture

> And there will be no Volker next time.

Oh yes there will.  This is a supercycle, not an implosion.

Fri, 01/18/2013 - 22:10 | 3168193 trav777
trav777's picture

there ain't shit out there that generate that yield for you.

Maybe brazil?  Colombia?  Take some risks I guess.

Fri, 01/18/2013 - 17:44 | 3167552 monoloco
monoloco's picture

The way they are stacking the deck, the USSA is resembling a 3rd world banana republic more everyday.

Fri, 01/18/2013 - 18:26 | 3167717 knukles
knukles's picture

No

We have already arrived.

Fri, 01/18/2013 - 20:47 | 3168025 Blano
Blano's picture

I use the phrase "3rd world shithole."

And as knuckles said, we're already there, not on our way.

Fri, 01/18/2013 - 18:15 | 3167667 SafelyGraze
SafelyGraze's picture

"If Ken Lewis knew about it, then Jamie Escobar and Lloyd Corleone got the word also."

Here's an instance of at least two experienced reporters who tiptoed to the edge of the truth and didn't quite believe where their reporting took them.

The story was too important to let the absence of verifying facts get in the way. Just like investors all over the world, the reporters and their peers wanted the no-federal-reserve-tips-to-bankers story to be true.

Sat, 01/19/2013 - 05:31 | 3168551 verum quod lies
verum quod lies's picture

Like Lacker not knowing, it depends on two things: (1) if you are a goy or not, and (2) if you are in control of a large bank or not. In short, the only goys in the know are those nearly extinct birds in charge of a large member bank. Goy Fed heads like Lacker will be the last to know as they have no value to their/your overlords. From that exchange, it honestly seems Lacker doesn't understand the game being played (maybe Lewis didn't either, but due to his position he will be informed ahead of time, unlike Lacker who will only hear when it is absolutely necessary to carry out his orders).

Fri, 01/18/2013 - 17:34 | 3167471 nope-1004
nope-1004's picture

Takes ZERO aptitude to be a successful insider.  Geithners' free citizenship label is TAX EVADER.  His Treasury Secretary label is LIAR.

Where there is smoke, there is taxpayer fraud.

In America, stealing from taxpayers gives you the label "Honorable".  What a joke !!  No wonder the financial world is crumbling.... it's being run by complete frauds !!

Geithner - what a loser.

 

Fri, 01/18/2013 - 17:56 | 3167594 Chupacabra-322
Chupacabra-322's picture

@ nope-1004,

"No wonder the financial world is crumbling.... it's being run by complete frauds !!"

No, its run by the Global Criminal Cabal Crime Syndicate.

Fri, 01/18/2013 - 18:26 | 3167707 nope-1004
nope-1004's picture

And they aren't fraudsters?  lol..

Fri, 01/18/2013 - 18:38 | 3167739 Chupacabra-322
Chupacabra-322's picture

The whole Global Economic System is built on Criminal Fraud.  Run and engineered by The Global Criminal Cabal Crime Syndicate run out of the City of London of which Wall Street is just an extension of. 

Fri, 01/18/2013 - 18:04 | 3167620 Carl Spackler
Carl Spackler's picture

Our only hope is civil litigation against Geithner.

Hmm, I  wonder if Timmy also played a facilitative role in the widespread LIBOR scamming?

Fri, 01/18/2013 - 18:28 | 3167720 knukles
knukles's picture

Yes, that is already public record he was aware of the misdeeds.

Sat, 01/19/2013 - 11:46 | 3168752 unununium
unununium's picture

... and Tim had a central role in the taxpayer payoff of Goldman that was the AIG "bailout".

Fri, 01/18/2013 - 22:30 | 3168223 socalbeach
socalbeach's picture

I wonder if Geithner supports gun control for the plebs ?

Fri, 01/18/2013 - 21:25 | 3168106 Cash2Riches
Cash2Riches's picture

This doesn't surprise me at all. Just about the whole financial world is a ponzi scheme.

Keep Stacking Gold and Silver. Protect your wealth.

Fri, 01/18/2013 - 22:16 | 3168203 Chuck Walla
Chuck Walla's picture

Well, he wasn't going to get hIs next job from Joe the Plumber.

FORWARD SOVIET!

Fri, 01/18/2013 - 17:42 | 3167540 yogibear
yogibear's picture

APPL, NY Fed's (WIlliam Dudley) favorite stock.

The Fed banks can just sit on the shares.

 

Fri, 01/18/2013 - 17:43 | 3167544 Snakeeyes
Snakeeyes's picture

Geithner CONSULTED WITH MAJOR BANKS before makig any decision. 

Fri, 01/18/2013 - 17:58 | 3167596 helping_friendl...
helping_friendly_book's picture

Old news.

Sat, 01/19/2013 - 07:21 | 3168580 mr_T
mr_T's picture

Timmy part of the ..Can't touch this club...
Not to be mistaken with the TBP Club .. too big to prosecute

Fri, 01/18/2013 - 17:11 | 3167419 Kaiser Sousa
Kaiser Sousa's picture

"He won't even see the inside of a court room."

and ultimately that is the fault of the citizenry...

why he should b allowed to take another breath?????

nothing will change until the bankers r made to pay with their lives....

n the mean time, off to see my Silver guy....

Fri, 01/18/2013 - 17:21 | 3167464 Say What Again
Say What Again's picture

Consider this.   I can't think of any mid to high level executive of a bank, insurance co., or mortgage co. that has even been indicted.  We all know that they would get off with a slap on their wrist, and a wink from the court, but to not even be indicted!!!

Fri, 01/18/2013 - 17:29 | 3167497 metaforge
metaforge's picture

Yup.  Denninger still pounds the table incessantly about this.

Fri, 01/18/2013 - 17:41 | 3167525 Say What Again
Say What Again's picture

Also remember...

The folks on the hill are exempt from insider trading laws.  They can trade in front of the news they are going to generate!

Fri, 01/18/2013 - 18:16 | 3167632 Cognitive Dissonance
Cognitive Dissonance's picture

I honestly don't see what the problem is. All employees (Geithner) are expected to report what they know to their bosses (the banksters).

/sarc

Fri, 01/18/2013 - 20:16 | 3167952 secret_sam
secret_sam's picture

You can't have laissez faire capitalism if you prosecute the capitalists, though.  I thought this ZH thingie was a place for anarcho-capitalist types?

Fri, 01/18/2013 - 22:41 | 3168240 Joe Davola
Joe Davola's picture

But if they don't pass a budget, they won't get paid.

Thankfully they'll have insider trading and lobbyist graft to fall back on.

Fri, 01/18/2013 - 17:41 | 3167533 Sancho Ponzi
Sancho Ponzi's picture

They used to lock the banksters up, once upon a time, when we had regulators who regulated rather than regulators who surfed porn all day.

http://www.creditwritedowns.com/2011/09/why-nobody-went-to-jail-during-the-credit-crisis.html 

William Black: Well, I say the both of them were driven by fraud. The Savings & Loan crisis was a tragedy in two parts. First part was not fraud, it was interest rate risk. But the second phase, which was vastly more expensive, was to defraud and the National Commission that looked into the causes of the crisis said that the typical large failure fraud was invariably present. And there were real regulators then. Our agency filed well over 10,000 criminal referrals that resulted in over 1,000 felony convictions and cases designated as nature. And even that understates the grade in which we went after the elite. Because we worked very closely with the FBI and the Justice Department, to prioritize cases—creating the top 100 list of the 100 worst institutions which translated into about 600 or 700 executives—and so the bulk of those thousand felony convictions were the worst fraud, the most elite frauds

 

Sat, 01/19/2013 - 01:13 | 3168425 geekgrrl
geekgrrl's picture

Bill Black is a national hero for his consistent outspokenness against banking fraud, IMO, and if Obama wanted to actually fix the problems, Rip Van Holder would be kicked to the curb and replaced by Black. 

That this is not happening and probably has no chance of happening is really all we need to know about justice in the United States. Justice in this country is deaf, dumb, and blind, and most importantly, owned.

Sat, 01/19/2013 - 12:02 | 3168775 DaveyJones
DaveyJones's picture

yes

and there you have it

Sat, 01/19/2013 - 22:25 | 3169954 geekgrrl
geekgrrl's picture

Davey, I'm curious. You've mentioned in the past that you were involved in the criminal justice system (retired if I remember correctly). Do you think there is any chance we will see some real justice in the coming years from that system? Or will the justice that eventually comes be "extrajudicial?"

Sat, 01/19/2013 - 10:25 | 3168668 SheHunter
SheHunter's picture

Rope and hang 'em.  Pricks. 

Fri, 01/18/2013 - 17:25 | 3167485 mr. mirbach
mr. mirbach's picture

Time to organize "Citizens for the Responsible Application of Tar and Feathers"

Fri, 01/18/2013 - 20:24 | 3167975 eatthebanksters
eatthebanksters's picture

He should'nt see a court room... should see a brief flash and go blank...

Fri, 01/18/2013 - 17:25 | 3167484 piceridu
piceridu's picture

Mussolini's fate is too good for this guy and all his crony buddies.

Fri, 01/18/2013 - 17:46 | 3167556 LongSoupLine
LongSoupLine's picture

i really hate that weasel fucking cock sucker and truely hope he is convicted of treason and executed for crimes against the US.

 

 

fuck you Geithner and Bernanke. both of you eat shit assholes.

Fri, 01/18/2013 - 18:30 | 3167725 Codetrader
Codetrader's picture

Hey, LongSoupLine,

You missed one: Mr Illegal President of the United States of America, A Republic! Fuck you Mr Illegal President and fuck you sleezy Geithner and the man who is singlehandedly taking down the dollar, fuck head Mr Bernanke. all of you eat shit assholes.

Fri, 01/18/2013 - 20:24 | 3167980 Ima anal sphincter
Ima anal sphincter's picture

WOW!!!! and I thought "I" was pissed off.

Makes me so proud, it brings a tear to my eye.

Fri, 01/18/2013 - 20:45 | 3168020 Ookspay
Ookspay's picture

I hear ya but We've seen this movie before. Obama will pardon him and many many other traitors and  criminals, his list will be epic. And so it goes, on and on and on... There are slaves and slave owners and they both have seperate rules and procedures.

Sat, 01/19/2013 - 00:05 | 3168367 silverisgold
silverisgold's picture

Come on, tell them how you really feel...

Fri, 01/18/2013 - 18:20 | 3167687 Lets_Eat_Ben
Lets_Eat_Ben's picture

It makes my skin crawl to look at that weasel. No offense to weasels. I wonder how many lists he's on?

Sat, 01/19/2013 - 10:33 | 3168673 SheHunter
SheHunter's picture

from Wikipedia..."Ermine hides are prized by the fur trade and used to trim coats and stoles...".  Well maybe Timmy is good for something after all.  If we hang and skin him we can sell his hide for a few bucks.

Fri, 01/18/2013 - 19:03 | 3167797 Perpetual Burn
Perpetual Burn's picture

The sad thing nothing will happen  to Mr. Geithner besides a nice job on wall street when he leaves the treasury.

Fri, 01/18/2013 - 19:38 | 3167870 johngaltfla
johngaltfla's picture

JAIL?

COURTROOM?

TURBO TIMMY OWNS THE IRS. EVEN JUDGES ARE SCARED OF HIM!!!

 

This is just another example of how F*CKED we are. Welcome to Imperial Rule boys and girls.

Fri, 01/18/2013 - 21:53 | 3168159 pods
pods's picture

Good to see you JGfla!

Still have the end of the dollar stories up?

Loved those.  Might have to reread them soon.

pods

Fri, 01/18/2013 - 20:24 | 3167979 secret_sam
secret_sam's picture

OK, ok, I guess I'm missing something.  Keeping in mind that I completely agree that Geithner is scum, can someone explain exactly what the real offense here was? 

Are we supposed to pretend the Fed is a branch of the government that works for the people or something in order to get all outraged?  Or is the big issue that Geithner told something to Lewis but NOT other bank execs?

If this is such a horrible thing, how come there wouldn't be similar outrage that a guy can be a Fed governor AND a CEO at a major bank at the same time?  Surely you can't leak information to yourself....

Sat, 01/19/2013 - 11:31 | 3168723 IrritableBowels
IrritableBowels's picture

Which puppet was that? I know Friedman was chairman, NY Fed while serving on the Board at Goldman, though he was CEO in the early nineties.  Bought a bunch of GS stock while Fed Chairman, if I recall. 

Conflict of interest, anybody?

Sat, 01/19/2013 - 13:08 | 3168902 secret_sam
secret_sam's picture

Dimon...

Fri, 01/18/2013 - 20:26 | 3167984 august west
august west's picture

august 17, 2007 was an options expiration and a huge gap up day since they announced the drop in rates after the close on 8/16 and prior to the open thereby screwing all the index put owners who were itm at 8/16 close since those index options can't be traded after the close but aren't priced until the open 8/17. perfect time to leak this and let the banks do a ramp job to screw all the itm options.

i remember it well since i was itm on spy, xhb, wamu, bac etc puts at

the close on august 16th. 

 

to find out it was  Touchebag himself is beyond nauseating.

Fri, 01/18/2013 - 21:39 | 3168131 stormsailor
stormsailor's picture

it was announced at 8:30 am est.   i was short about 20 /es and got reamed, it had dropped like a rock the day before and about 1400 hrs it rocketed up to even.  that is when i placed the trade,  it was down overnight and at 830 it was nothing but green rockets,  by the time i got to work i was toasted.  (my first big lesson in setting stops)

Fri, 01/18/2013 - 20:35 | 3168003 DaveyJones
DaveyJones's picture

Calling him a shit is a good idea

Sat, 01/19/2013 - 10:13 | 3168659 SheHunter
SheHunter's picture

AAPL has closed below 500 a few times in the last 2 weeks.

Fri, 01/18/2013 - 17:07 | 3167409 Xibalba
Xibalba's picture

And they call him "Honorable" 

Fri, 01/18/2013 - 17:22 | 3167470 Rainman
Rainman's picture

....there is no such thing as an honorable kleptocrat.

Fri, 01/18/2013 - 17:27 | 3167489 blu
blu's picture

Let's hope that's really the case, otherwise there is no foundation to this thin hope that the kleptocrats will one day turn on each other like a circle of scalded scorpions.

Fri, 01/18/2013 - 17:40 | 3167530 Not Too Important
Not Too Important's picture

What about an 'honorable analcrat'?

Fri, 01/18/2013 - 17:30 | 3167499 tenpanhandle
tenpanhandle's picture

and we call him horrible. 

Fri, 01/18/2013 - 17:42 | 3167532 Silverhog
Silverhog's picture

Honorable Cheat and Thief. They have great respect for their own.

Fri, 01/18/2013 - 17:07 | 3167411 Deathrips
Deathrips's picture

Of course he did. Hes on the inside of the corporation that rapes the livestock.

Fuck Bernanke.

Fuck Geithner.

Fuck yeah silver.

Fri, 01/18/2013 - 17:09 | 3167414 azzhatter
azzhatter's picture

Before we hang him, I'd like to pummel the little elf myself for a while.

Fri, 01/18/2013 - 17:15 | 3167439 Winston Churchill
Winston Churchill's picture

Cut him down alive,disembowel him,then burn the entrails in front of him,just

prior to quartering him.A quarter piece to hang rotting at the ends of Wall St,and Penn. Ave.

I bag the cable rights.

Fri, 01/18/2013 - 17:16 | 3167446 pods
pods's picture

Fuck it, I say we burn down the whole tree.

I can live without the cookies.

pods

Fri, 01/18/2013 - 21:59 | 3168174 WmMcK
WmMcK's picture

Take the cookies out before burning.

Sort of like: pillage, then burn.  The order matters.

Fri, 01/18/2013 - 20:46 | 3168024 ebworthen
ebworthen's picture

Heads on pikes at the front of the Capitol, White House, and FED.

Complete with Tweet channel and Facebook page, and of course televised.

Fri, 01/18/2013 - 21:26 | 3168108 tsx500
tsx500's picture

and, if u don't mind, when u r done pummeling his little dweeb ass , I'm gonna let a bunch of angry lobsters chew on his marble sack!

Fri, 01/18/2013 - 17:09 | 3167415 SheepDog-One
SheepDog-One's picture

Put Geithner on it! He's a sneaky little shit! 

Fri, 01/18/2013 - 17:09 | 3167416 Go Tribe
Go Tribe's picture

Ken Lewis doesn't understand what the window is for?!?!?!?!?

Is that a room full of Chinese MBA students laughing I hear in the background?

Fri, 01/18/2013 - 17:20 | 3167458 Burr's 2nd Shot
Burr's 2nd Shot's picture

Seems like Timmah's skills as an educator are unappreciated. Shortly after his "tutorials", everyone was using the window.

Fri, 01/18/2013 - 17:32 | 3167512 NotApplicable
NotApplicable's picture

Why does Ken Lewis hate freedom?

It's no wonder the MSM hung him out to dry.

Commie bastard!

Fri, 01/18/2013 - 17:38 | 3167524 falak pema
falak pema's picture

still talking like a dinosaur? 

lol, the in-word now is Oligarchical bastard! 

Fri, 01/18/2013 - 17:53 | 3167584 helping_friendl...
helping_friendly_book's picture

They hung him out to dry because he is not a Jew.

Fri, 01/18/2013 - 20:50 | 3168033 ebworthen
ebworthen's picture

Agreed.

"these people generally don’t use the window and they don’t really understand in some sense what it’s about."

Is he fucking kidding?  Is that some kind of inside joke?

The window is the only way Bank of America has made money!!!

It's like saying pizza delivery drivers don't really understand where the kitchen is or where the pizza comes from.

Fri, 01/18/2013 - 17:09 | 3167417 Snakeeyes
Snakeeyes's picture

The odds that they all aren't in it together is ludicrous.

Fri, 01/18/2013 - 17:50 | 3167574 Rainman
Rainman's picture

Front running has never been a guessing game

Fri, 01/18/2013 - 17:10 | 3167421 Cursive
Cursive's picture

Why do so many Americans make fun of the French? At least the French, circa 1989, had the balls to behead their aristocratic overlords. I don't see anything like that bubbling up over here. Just more fetch and step for our Masters.

Fri, 01/18/2013 - 17:13 | 3167434 SheepDog-One
SheepDog-One's picture

Step n fetchit! Yessa massa Ima get right on those oars and ROW! ROW! ROW! 24/7 sir!

Fri, 01/18/2013 - 17:25 | 3167481 akak
akak's picture

Dammit, and here I thought it was 2013 when in fact it is 2213!

Time to order new checks.

Fri, 01/18/2013 - 17:41 | 3167535 Cursive
Cursive's picture

@akak

LOL. Good catch. Should have said 1789. Regardless, the Federal Reserve System of member banks has reached full supremacy over us.

Fri, 01/18/2013 - 18:06 | 3167630 akak
akak's picture

Sorry --- I couldn't resist!

Fri, 01/18/2013 - 18:31 | 3167727 knukles
knukles's picture

Shut up and row, peasant.
No rock soup for you tonight....

Fri, 01/18/2013 - 18:43 | 3167750 steelhead23
steelhead23's picture

Cursive, a bit off-topic, but you (and others) should be aware of just how honorable we Americans are (or were).  In difficult negotiations, the very brand-new USA honored the debts London bankers had effectively forced upon the colonists (see article 4 of the Treaty of Paris, 1783) and returned the lands of the Torries, patriot blood had taken (article 5).  Want to know who rules the world?  The sons and daughters of those who benefitted from that treaty do.  Yes, they own the Federal Reserve system.

http://en.wikipedia.org/wiki/Treaty_of_Paris_(1783)

Fri, 01/18/2013 - 17:58 | 3167599 exi1ed0ne
exi1ed0ne's picture

There was famine.  Hungry people are pretty unreasonable.

Fri, 01/18/2013 - 17:11 | 3167426 Zen Bernanke
Zen Bernanke's picture

i feel somewhat saddened as i type this but it's essentially what we've come to expect from those in positions of power.  Nothing new to see here, feel free move on. 

Fri, 01/18/2013 - 17:11 | 3167428 Dark Meadowlark
Dark Meadowlark's picture

Tim Geither is a hero and a member of the team that helped save America from another Great Depression. You can say what you will about the man, sometimes facts are stuborn things. Here we are nearly five years later with an economy that is GROWING not contracting. History will view him heroically. Deal with it!

Fri, 01/18/2013 - 17:13 | 3167433 Go Tribe
Go Tribe's picture

History can have him after we guillotine him.

Fri, 01/18/2013 - 17:25 | 3167482 nope-1004
nope-1004's picture

Tim Geithner is a fucking first class ASS.  Losers hang with losers, because if he were to come out of his mothers basement, he'd get beaten on the playground - by an 8 year old.

 

Fri, 01/18/2013 - 18:00 | 3167612 willwork4food
willwork4food's picture

Perhaps when he does the invevitable speaking circuit, he might be met with an unfortunate accident.

"History can keep him" ..

Me likes the way you think.

Sat, 01/19/2013 - 01:21 | 3168430 Go Tribe
Go Tribe's picture

That would be great. Perhaps a wall of lead would find its way up Wall Street and into every bank chairman's office.

Fri, 01/18/2013 - 18:45 | 3167753 steelhead23
steelhead23's picture

I understand the Louis XVI was a really, really, nice guy.

Fri, 01/18/2013 - 17:18 | 3167451 bilejones
bilejones's picture

It's nice to see snark well done.

Fri, 01/18/2013 - 17:21 | 3167465 TrustWho
TrustWho's picture

You must be from Argentina. One from a Crony Banana Republic can appreciate a good fascist from another crony banana republic.

Geithner is about to be paid for his good service.

Fri, 01/18/2013 - 17:26 | 3167488 NotApplicable
NotApplicable's picture

Ya know, part of me hopes you really are this dumb. Dunno why, given your post history, but that's just how I feel.

Perhaps it's due to your failure at trolling?

Fri, 01/18/2013 - 17:36 | 3167520 Room 101
Room 101's picture

Channeling MillionDollarBonus I see. 

Tim Geithner, hero of the great economic rebound of 2012 and the chocolate ration increase of 2013.

Fri, 01/18/2013 - 17:39 | 3167526 Clowns on Acid
Clowns on Acid's picture

Paid Obama troll....

been a few of them surfacing in the last few weeks...

Fri, 01/18/2013 - 17:49 | 3167570 helping_friendl...
helping_friendly_book's picture

The greatest fraud ever perpetrated on the world and you are think these "Stern" gangster criminals are heros?

I think we should take their heads and, fashion that classic smurck on their face and preserve their heads in alcohol to be displayed to the public as a warning.

I also think punishment should be extended to their whole family and every nickel clawed back; even if we have to waterboard them to get it.

"Here Timmy. watch as we pull your mothers fingernails out before we slice her up"

I think I would have had a better chance in another Great Depression, not that that is not what we will, ultimately, get after these joohs are finished looting.

You are just trying to provoke anyone with a moral compass.

Fri, 01/18/2013 - 18:24 | 3167706 Mr. Hudson
Mr. Hudson's picture

Hahaha!!!!

Fri, 01/18/2013 - 18:25 | 3167713 Andy Lewis
Andy Lewis's picture

Little Timmy, is that you?

Fri, 01/18/2013 - 18:55 | 3167778 markar
markar's picture

If I could I would pull forward all my future down arrows  to that comment

Fri, 01/18/2013 - 17:11 | 3167429 Mad Mohel
Mad Mohel's picture

Was there ever any doubt that the weasely puke wouldn't do every dirty job available? At this point if it was revealed he did an actual rape every morning for breakfast, no one would be really surprised.

Look at his shitty smile, it says it all.

Fri, 01/18/2013 - 17:30 | 3167506 blu
blu's picture

Giethner may one day turn out to have been our own Heinrich Himmler.

Fri, 01/18/2013 - 17:12 | 3167430 Rustysilver
Rustysilver's picture

Cursive,

You mean 1789.  But, I like your point.

Fri, 01/18/2013 - 17:15 | 3167441 catacl1sm
catacl1sm's picture

1989 would have been nicer.

Fri, 01/18/2013 - 17:31 | 3167508 blu
blu's picture

Maybe they are just running a little late this century.

Fri, 01/18/2013 - 17:12 | 3167431 Burr's 2nd Shot
Burr's 2nd Shot's picture

FREE TIM GEITHNER!

Fri, 01/18/2013 - 17:13 | 3167435 Tinky
Tinky's picture

Let's see...he was working for himself, the Fed, and the TBTF banks. Given that, I suppose it's worth noting that "Tim Geithner" is an anagram for Three Timing

Fri, 01/18/2013 - 17:42 | 3167539 Not Too Important
Not Too Important's picture

Well, supposedly, his paycheck comes from the IMF. So technically, it's Four Timing.

Does anyone have a link that shows the Treasury Secretary is paid by the IMF? I can't find one.

Fri, 01/18/2013 - 18:18 | 3167682 Likstane
Likstane's picture

...also  "the grime nit"

Fri, 01/18/2013 - 21:54 | 3168160 WmMcK
WmMcK's picture

mere tithing
tiring theme

Fri, 01/18/2013 - 17:15 | 3167442 pods
pods's picture

Does anyone think that "the media" will actually look at this and expose something like this?

Surprised we even got the meeting minutes.

I am sure that Jack Lew will be just as upstanding as the Keebler Elf.

pods

Fri, 01/18/2013 - 17:35 | 3167518 blu
blu's picture

Back in the day, the newspapers approvingly called themselves "the fourth branch of government" but these days they join the SCOTUS as a branch of neo-Feudalism.

I suppose they'll eventual come full-circle and become actual religious organizations again, controlling all earthly truth and meaning.

Fri, 01/18/2013 - 17:44 | 3167542 akak
akak's picture

Back in which day?

Fri, 01/18/2013 - 18:03 | 3167622 Rainman
Rainman's picture

Benjamin Franklin's

Fri, 01/18/2013 - 18:13 | 3167643 akak
akak's picture

Oh, you mean the inventionator of fabled 'american' past of the magical lightning-powered, time-traveling flying rickshaw that imported US 'american' citizenism and consumptionalizing blobbing-up to 16th century Easter Island, according to AnAnonymous?

Sat, 01/19/2013 - 01:42 | 3168447 Jugdish
Jugdish's picture

I'm aorry. AnAnoynomous isn't around tonight. Me and the kiebler schmuck are taking turns fucking him. We like drinking peasant made rice wine and fucking gay Chinese communists that work for quasi quasi public persception agencies that are homosexuals.

Fri, 01/18/2013 - 18:39 | 3167742 blu
blu's picture

As a practical matter the importance and independence of the press in a well-functioning democracy was establish with the founding of the nation.

But democracy in America died sometime during the last term of Richard Nixon so I guess you could say that since then the press has been more about influencing public opinion and perceptions than either reporting on them, or protecting them from disinformation campaigns. The latter of which is actually very profitable for modern corporate press. Witness the last US election cycle, where the race between Obama and Romney was breathless reported as some kind of epic battle between opposite camps, when really it was the feckless Romney pretending to be different in any way from the annointed Obama, choice of the oligarchs. There was an election but no choice of candidates, and the press happily went along making up a story about how close it would be when in reality Obama was set to smash Romney to bits.

Fri, 01/18/2013 - 22:03 | 3168180 Mr Kurtz
Mr Kurtz's picture

Actually, I'm beginning to get a little teary eyed nostalgic for Tricky Dick Nixon.

Fri, 01/18/2013 - 22:43 | 3168229 akak
akak's picture

1973: "I am not a crook!"

1998: "I did not have sex with that woman!"

2003: "Iraq has weapons of mass destruction and is an imminent danger."

2008: "The US economic fundamentals remain strong."

2013: "We are not a deadbeat nation!"

Sat, 01/19/2013 - 07:34 | 3168583 Disenchanted
Disenchanted's picture

 

 

1916: "Peace with honor" and "He Kept Us Out of War."

 

1940: "Our acts must be guided by one single, hardheaded thought -- keeping America out of the war." and "I have said this before, but I shall say it again and again: Your boys are not going to be sent into any foreign wars."

 

1964: "We are not about to send American boys nine or ten thousand miles away from home to do what Asian boys ought to be doing for themselves."

 

Fri, 01/18/2013 - 17:15 | 3167443 AldoHux_IV
AldoHux_IV's picture

We should have a pyramid of heads of all the particpants in the great fraud that is our monetary/political/financial/economic farce as a reminder to future assholed degenerate greedy bastards to go find something else to do with their time.

Fri, 01/18/2013 - 21:07 | 3168064 groundedkiwi
groundedkiwi's picture

Or a deck of cards.

Fri, 01/18/2013 - 17:23 | 3167449 koder
koder's picture

edit

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