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Be Afraid Europe, Be Very Afraid - Tim Geithner Is Now "Helping" You
If there was one piece of news that could force an all out panic in a market already on the edge, it is that outgoing (as in finally departing) US Treasury Secretary, Tim Geithner, was getting involved in the European Crisis. Sadly, this is precisely what happened.
- SPAIN DEPUTY PM: US TREASURY'S GEITHNER AGREES TO WORK WITH SPAIN TO RESOLVE BANK CRISIS - DJ
- SAENZ DE SANTAMARIA SAYS GEITHNER URGES SPAIN BANK SOLUTION
- SPAIN'S SAENZ DE SANTAMARIA TOLD GEITHNER OF REFORM EFFORTS
- GEITHNER DISCUSSED SPAIN'S PLANS TO STRENGTHEN FINANCE SECTOR
- SPAIN'S SAENZ DE SANTAMARIA TOLD GEITHNER OF REFORM EFFORTS
More from Bloomberg:
U.S. Treasury Secretary Timothy F. Geithner, Spain’s deputy prime minister, Soraya Saenz de Santamaria, met to discuss Spain’s plans to bolster banking system. The Pair discussed progress Spain made on fiscal, structural reforms, Spanish govt’s plans to strengthen financial sector and support recovery and job creation, and broader challenges facing Europe, global economy, Treasury says in e-mail. The meeting was held at Treasury Dept.
Sorry, Europe, you are now doomed.
Then again, Geithner's involvement may have a silver lining. Recall that the last time Geithner appeared on the European scene in September 2011, everyone's utmost hatred of the American was channeled into a reconciliation of differences, and led Europe to set off on a path that led to the LTRO and at least fooling some of the C-grade commentariat that Europe was fixed.
From September 15:
Europe Tells Geithner To Take His Advice And Shove It
Just because it is not enough for Tim Geithner to be mocked, ridiculed and generally despised on one continent, the former New York Fed "Hudsucker Proxy-style" plant has just managed to become the most despised individual on at least one more continent. Bloomberg reports that European Central Bank Executive Board member Juergen Stark said countries offering advice on how Europe should solve its debt crisis should put their own fiscal situation in order first. "Finger-pointing in the direction of Europe shouldn’t prevent others from putting their budgets in order and doing their homework before handing out advice to Europeans," Stark said at an event in Vienna. This probably means it is safe to assume that the ECB, after listening to the human caricature of Beavis twice in a row on implementing totally failed stress tests, will not take up Timmy on his latest proposal of how Europe should fix itself. It is also safe to say that Europe just have a perfect example of how one should shut up a corrupt, incompetent, cheating, printer of virtually infinite one-ply US debt.
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Wait, did I miss something? Geithner is leaving? What's the over/under on how many days before he accepts a job at GS or JPM?
Geetner's first job was for Satan Kissinger. He defines the term ass nugget.
"No risk of that"
-T.G.
Timmy!
Regards,
Cooter
I think the title is all wrong....
Maybe
TIMMAY to screw the day!
or
Timmay, done screwing USA, now moving on to Spain!
or
Turbo Tax Timmay to bury billions of Fed/treasury money in Spain!
Whatcha think?
"I'm from the US Treasury and I'm here to help you" ...
Seriously, Europe, RUN AWAY-- AS FAST AS YOUR EUROCHIC GIRLY SHOES WILL TAKE YOU ....
Interesting that Greece apparently does not get Turbotax Timmy's help, but Spain does?
Is that because the Greeks have already mastered the art of dodging taxes, but the Spaniards haven't yet?
I can't wait for his OP ed piece in spanish newspapers "welcome to the recovery."
It think he is going to use his senate confirmation hearing language.
"It (the spanish economy) was a mistake, I'll fix it! Timmmaaaaah!!!!!!!!!!"
See something say something.
Call Fairfax County Virgina Sherriff's office and report criminal activity at the Builderberg meeting.
Multiple violations of federal law are taking place there, specifically of the Logan Act.
Sedition and treason are being perpetrated by elected government officials, one namely John Kerry at attendence plotting criminal activity against the USA.
http://www.fairfaxcounty.gov/sheriff/
Call Sheriff Stan Barry, demand he do his duty and arrest those Federal government officials for violating US Law!
http://www.fairfaxcounty.gov/sheriff/contactus.htm
I'll be there on Saturday. Anyone else coming out?
Please exercise your second amendment rights.
Timmy is a cunt. By the end of this year, most of what he said wud never happen, will have occured and he should be burnt on the streets for conspiracy and high treason
Will he replace and take Jaime's position, after his buddy croney bankster jettisons out of his CDS derivitives cockpit with his JPM golden parachute?
Imagine that.
Whatya mean ?
He's been working for them all along.
He would be wise to head for a nation with which we do not have an extradition agreement.
I think the Bushes are building condos in Paraguay...so little space, so little time.
he'll advise them to do an America, make everyone think you're pulling down the debt when you just pile up more debt on the national debt..sorted..
Maybe Timmy has his CV out for a lofty position at the European Stability Mechanism (ESM). Or the Fund for Orderly Bank Restructuring (FOBR) ???
Funny, everyday in the financial world is more and more like an episode from Monty Python and the Holy Grail. Tim would do real well at the Ministry of Funny Walks....
From ABF today,
"Hardest hit lender Bankia has asked the government for 19 billion euros in capital in addition to 4.465 billion euros invested by the state earlier this month to salvage its books.
But no-one seems to be clear about where the money will come from, especially when debt markets are charging exorbitant sums to lend to Spain.
"Some sort of attempt to rescue Spain is likely and it is likely to come in July," said Barcelona-based economist Edward Hugh.
Spain would attempt to cling on until Greek elections were over and the European Stability Mechanism, a permanent rescue fund, was operational, he predicted.
The cost of recapitalising the banks would be 150-200 billion euros, he estimated, assuming that lenders were obliged to make additional provisions for home mortgages.
Economy Minister Luis De Guindos said the state-backed Fund for Orderly Bank Restructuring (FROB) would issue bonds to raise capital, which it could then inject into Bankia.
He denied a Financial Times report that the European Central Bank had rejected a tentative Spanish plan to inject government bonds into Bankia, which could then use them as collateral to borrow from the ECB.
The ECB also issued a statement denying it had taken a position or been consulted on the scheme.
But the government failed to quash the concerns over Spain's financial sector.
Centre-right daily El Mundo this week said three other banks, CatalunyaCaixa, NovacaixaGalicia and Banco de Valencia, could need another 30 billion euros in public funds to meet new regulations.
Yet another lender, Banco Popular, whose bonds have been downgraded to junk bond-status, said this week it was in talks to sell its Internet banking business in a scramble for cash."
He's only helping them to help his banking buddies in the US. And I don't think it will work anyway.
"Emergency Measures" will be taken immediately after the NFP tomorrow if the market tanks.
With the 10-yr. at 1.55%, and gasoline prices imploding, the Fed has a huge cushion.
Not sure why he's getting negs for this. Unless MillionDollarBonus is reading.
You leave RT alone you cunning bastard!!!!
Geithner will teach everyone how the cheat on their taxes?
Ahem. Why did you come back?
I notice you cant track Robot's comments.
Is he really a Tyler?
He's really a boring douchebag, and a stuck record.
RobotTrader (two Ts in a row) not RoboTrader. Search works fine for me.
Retail gas prices in WA have been rising lately. They're up to $4.30 or so for 87 unleaded.
paying $3.15 in New Braunfels, Texas
http://www.sanantoniogasprices.com/New_Braunfels/index.aspx
The man who cannot figure out how to run TurboTax is now being asked to resolve Spains debt crisis. Hilarity ensues.
Tims answer in the US: "throw money at it"
Tims answer in Japan: "throw even more money at it"
Tims answer in the EU: "throw money at it"
i'm taking a wild stab in the dark here but Tims problem-solving for Spain, probably "throw more money at it"
And towels!
i think Tim's strictly a one-trick pony (or a broken record!)
he only knows one answer to every economic problem, same as every politician, "throw more money at it"
Dollas and Spidee towels!
You skipped a beat;
the solution this time around will be "throw MUCH more money at it".
HAHAHAHAAAAA SHORT THE PLANET!
Whats the ticker for that?
ticker: vast-dom ---------- MEAT SHACK IPO coming soon!
Turbo Timmy is a poster child for something I just don't know what it is.
Tim's a poster child for Christine Lagarde, she hates tax cheats
the batty (tax exempt) bitch probably throws darts at his tax cheating ediface every day in her plush IMF office
GEITHNER, "You know I don't speak no es-span-yol, but if you needs some dollars, i can prints dem up for ya."
"can I have that Spiderman towel now?"
You can have two.
Michelle Bachman appointed as bi-partisan Attaché
Just as soon as she pulls that 9 inch corn dog out of her mouth.
That pic crackz me up EVERY time I see it! :>D
Whats with the junk? My deal with Timmay is that a person at his level, both before and after appointment to SEC-TRES, should have had somebody review his taxes. even if it was some parttime 20 something kid at H&R block who could have used the $30 fee. If he did this, and there was still a mistake, the senate would have never brought it up in his hearing.
put another way. I dont care if a guy is the best surgeon in the world, he aint cutting on me if he has visible crud under his fingernails.
EDIT: to bort (above) bachman is a republican and she is a tax expert.
That was MY junk!! Jesus Fucking Christ!!! Bacchman is an expert on shit.
Well she likes big, long corn dogs. Kind of like her husband.
Afaird - like be afaird be very afaird in Amercia?
I am the last person who should be a spelling - or grammar - cop.
Typo in title, Tyler
I interpret afaird as a-fair'd as in "not fair" and then be afraid. There hasn't been anything "fair" about anything Geitner and gang have been involved in for past 6 years at least. More of the same across the pond with our help, well not "our" help, but our PTB help. Same ol same ol.
I wonder if TIMMAH is going to help Spain with tax collection efforts. ha!
Surprised he hasn't gone to Greece to compare notes...
Look up mealy-mouthed in any dictionary and you are sure to see a picture of Turbo Timmy.
HAHAHAHA
Desperate beyond measure.
Listening to fools and naves (isn't that the old saying?).
The real meeting(s) to be afraid of are the secret ones with Ben.
Smoke and mirrors IMO.
Geithner is a Goldman Sachs alum, just like all of the people in charge in Europe. That fraternity sticks together, so right now they want you to look at their left hand when we need to be looking at the right.
Are we to believe that the spineless fuck Geithner really makes important policy decisions for himself? Of course not. No one individual has that much power in this world. He's simply a "yes" man for the cabal.
Correct, a bag man, nothing more.
Turbo Timmy to the rescue!!!
"Let me show you how to put your bad debt into a column you didn't think it could go in."
Timmy the tax-cheat's life preserver!!!
"Collect more taxes by getting rid of paper and coin transactions and going 100% digital."
Timmah the Tarot card reader!!!
"Your future is bright; and besides - my friend Ben has all the shadow liquidity you could ever desire."
That explains why spanish banks hand out towels to people! After being awashed in all that liquidity one must dry himself nice. Or wipe ones tears...
Nice.
In similar news, John Edwards announced after his aquital/mistrial today that he wants to work with little children around the world.
Hunger made the monkey eat pepper, is Spain Hungry?
Tonight the monkey dies.
- Low
Remember, the lube is a lie!
Maybe he won't come back.
More secret (highly illegal, but who cares anymore) bailouts to foreign banks perhaps?
Don Quixote meets Sancho Panza. Unsuspecting windmills, beware!
Okay, okay, you got me, I'm afaird!
I wonder what it must be like to think so highly of yourself that you believe people want your help when they really don't. Timmeh and Barry have a lot in common...
Let's hope the Spanish are at least as astute as a roomfull of Chinese students, although I'm tending to doubt it.
YIPES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Confucius say: Treasury Secretary who walk through airport door sideways is going to bangkok.
Confucius say: Treasury Secretary who is little prick should stay away from bubble.
Confucius say: Treasury Secretary who promise bailout is like girl who talk about sex, no good if you don't get it.
larry?
They met or they will meet this friday in Chatilly at the annual Bilderberg meeting?
But I´m happy. This most certainly means more easing and that could help my crappy stock portfolio and my stack will be convertible to more acreage when that day finally comes.
Hey Timmy.
Show them how to scrawl I. O. U. on scrap pieces of paper.
Oh, don't forget to sign each as "California".
Hi I'm Satan and I'm here to help...
http://www.wnd.com/2012/05/posse-in-hawaii-shocking-news-coming/
Posse in Hawaii: 'Shocking' news coming
A letter from Hawaii’s Department of Health verifying Barack Obama’s birth in Honolulu has not only not stopped Sheriff Joe Arpaio’s Cold Case Posse work on the island, his lead investigator reports it has actually “opened the door” to some “shocking revelations” the posse is promising to disclose.
http://blog.alexanderhiggins.com/2012/05/30/announces-plans-to-arm-domes...
The US announces plans to arm drones that will be operating inside the US with missiles and bombs as part of a 30,000 strong domestic deployment.
Fully armed remotely controlled aircraft used by the United States military and its allies in the War on Terror overseas are set to begin a new era of operating over domestic soil.
In case you oppose Timmy bailouts...
(armed drones)
They can't be that dumb. The reason they get away with everything is they keep the folks at home in a state of soporific confusion. Most people don't notice the enemy within, so are sure there is nothing to worry about.
You put some drones in the air (doesn't really matter if they are armed or not) and you'll give lots of people something to think about, and to shoot at. An inanimate object? Perfect victimless action.
as you know, i have great respect forTimmah
nobody and i mean nobody kicks the fuking can better thanTimmah! soon the ubers will be calling him "NW0 timmah" even in davos
just provide some motivation and a little a back-up till they get back on their feet
kinda likeFannie&Freddie...
but they gotta do something to get that spanish %rate down and restore con-fidence
so, timmah + christenL = FLEE! FLEE!!!
Use any measure. Has there ever been a bigger failure at the US Treasury than Timothy Geithner?
From the five headlines you present here, we have to conclude Timmy just doesn't get some things at all.....
"SPAIN'S SAENZ DE SANTAMARIA TOLD GEITHNER OF REFORM EFFORTS"
"SPAIN'S SAENZ DE SANTAMARIA TOLD GEITHNER OF REFORM EFFORTS"
.... hence the reason she had to tell him twice ?
Spain's ministers tend to be repetitive. This is nothing. You wouldn't believe how many times they repeated "can we have Eurobonds?" to Obersturmbannführer Merkel!
Obama said in a speech or open Q&A about 1 week ago that European Banks "must be recapitalized". post G-8 or NATO?
I took that to mean the decision had already been made and signal given to the other Euro's to get out of the way. Cue Timmah....
mi amigos de Espana, yo tengo muy dinero por usted. ctrl-P.
It's called sabotage.
The Git is now in charge of THE collapse.... welcome to epic turbo fail
Unless their goal is implosion, discussing Spain's "significant progress" must have been a pretty short conversation.
When you wish upon a falling star, your dreams can come true. Unless it's really a meteorite hurtling to the Earth which will destroy all life. Then you're pretty much hosed no matter what you wish for. Unless it's death by meteor.
They were playing coy for as long as they could stand it, but now with a barely disguised grin they're gonna come out of the woodwork with "globally coordinated, jointly sterilized, once in a lifetime" money printing operations on a grand scale.
We need a bazooka. And they'll get it but try to pass it off as a pea shooter because unlike in 2008 they won't need the dramatics to convince anybody. There's nobody left who'll oppose opening the money spigots wide, spreading the gravy thick for the politicians and well-connected and having a huge bankster party. They won't even feel the need to justify it or exhibit that tinge of guilt. Nope. This is the new shit, baby!
Hey, if anybody can help them its little Timmy, he'll be available again right after recess is over. I've heard people call him brilliant which is hard to believe I know, mostly its the people on CNBC and Bloomberg - anybody that's even half aware of Timmy the Tool knows he's as smart as the paper money he prints. Its embarrasing but that's true for all of the cabinet members and congress and the supreme court and of course the executive branch as well.
Has anybody seen the thing we send to the United Nations now? That women looks like she spends all her time smelling farts - probably Holder's or even Obama's. I'm thinking Obama's because come to think of it his wife looks the same way all the time (except when she fakes smiling) as the UN bimbo. I honestly didn't think that we could actually send somebody worst than the Bush drone (forget his name) but I was wrong. I don't like the UN but let's just leave instead of making everybody hate us...
Did Spain request help from a pussified elf? Is that how they got Geithner?
The man is walking and talking joke.
GEITHNER DISCUSSED SPAIN'S PLANS TO STRENGTHEN FINANCE SECTOR
hahahaha you f*cking idiot
Spanish banks are the greediest risk taking sh*t dumps on the planet. If anything their (which will happen) banking sector needs to shrink down go bust and reset.
Which is happening. Geithner you butnut, I would be very, very worried about Asia...your paymaster. They are done. Means you are done.
When your Geithner is gone, I will take over in DC.
You can buy or 'fix' anything you want with Daddy's fucking credit card....
Geithner == Asshat
tim geitner is the banks way of putting tanks in the streets
tanks, or tards?
You have him confused with Paulson..
I can't resist...!!!
Fuck You little weasel timmy...!!!
I know you read ZerOhedge....
Those snorgtees women are so, so fine...
Oh yeah, and Geithner is such a wanker.
Timoth Geithner is like Peter Mandelson and Tony Blair - he doesn't realise how much he is reviled because his hubris is in the way.
DavidC
Huckelberry Geithner. It's like asking a loanshark advise on what racehorse to bet on.
Yeah
Remember how Goldman helped cook Greece's books to make them elgible to join the Euro
And then bet against Greece to make more money
Tim is a just a chip of the old CROOKED block.