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Be Afraid Europe, Be Very Afraid - Tim Geithner Is Now "Helping" You

Tyler Durden's picture




 

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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Thu, 05/31/2012 - 17:57 | 2481424 ptoemmes
ptoemmes's picture

Afaird - like be afaird be very afaird in Amercia?

 

I am the last person who should be a spelling - or grammar - cop.

Thu, 05/31/2012 - 17:57 | 2481426 DoctoRx
DoctoRx's picture

Typo in title, Tyler

Thu, 05/31/2012 - 18:17 | 2481504 CClarity
CClarity's picture

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.

Thu, 05/31/2012 - 17:58 | 2481428 SilverTard
SilverTard's picture

I wonder if TIMMAH is going to help Spain with tax collection efforts.  ha!

 

Fri, 06/01/2012 - 02:44 | 2482687 StychoKiller
StychoKiller's picture

Surprised he hasn't gone to Greece to compare notes...

Thu, 05/31/2012 - 18:00 | 2481435 frippy
frippy's picture

Look up mealy-mouthed in any dictionary and you are sure to see a picture of Turbo Timmy.

Thu, 05/31/2012 - 18:00 | 2481439 Joebloinvestor
Joebloinvestor's picture

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.

Thu, 05/31/2012 - 18:00 | 2481440 BlueCollaredOne
BlueCollaredOne's picture

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.

Thu, 05/31/2012 - 21:44 | 2482106 Ned Zeppelin
Ned Zeppelin's picture

Correct, a bag man, nothing more.

Thu, 05/31/2012 - 18:03 | 2481447 ebworthen
ebworthen's picture

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."

Thu, 05/31/2012 - 18:18 | 2481503 DogOfSinope
DogOfSinope's picture

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...

Thu, 05/31/2012 - 18:35 | 2481566 CPL
CPL's picture

Nice.

Thu, 05/31/2012 - 18:02 | 2481448 wisefool
wisefool's picture

In similar news, John Edwards announced after his aquital/mistrial today that he wants to work with little children around the world.

Thu, 05/31/2012 - 18:02 | 2481451 FishHockers
FishHockers's picture

Hunger made the monkey eat pepper, is Spain Hungry? 

Thu, 05/31/2012 - 21:44 | 2482113 Ned Zeppelin
Ned Zeppelin's picture

Tonight the monkey dies.

- Low

Thu, 05/31/2012 - 18:03 | 2481453 lolmao500
lolmao500's picture

Remember, the lube is a lie!

Thu, 05/31/2012 - 18:03 | 2481455 q99x2
q99x2's picture

Maybe he won't come back.

Thu, 05/31/2012 - 18:03 | 2481456 SIOP
SIOP's picture

More secret (highly illegal, but who cares anymore) bailouts to foreign banks perhaps?

Thu, 05/31/2012 - 18:06 | 2481465 DogOfSinope
DogOfSinope's picture

Don Quixote meets Sancho Panza. Unsuspecting windmills, beware!

Thu, 05/31/2012 - 18:08 | 2481478 ableman28
ableman28's picture

Okay, okay, you got me, I'm afaird!

Thu, 05/31/2012 - 18:09 | 2481485 eatthebanksters
eatthebanksters's picture

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...

Thu, 05/31/2012 - 18:30 | 2481495 TomGa
TomGa's picture

Let's hope the Spanish are at least as astute as a roomfull of Chinese students, although I'm tending to doubt it.

 

Thu, 05/31/2012 - 18:15 | 2481500 gimli
gimli's picture

YIPES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thu, 05/31/2012 - 18:19 | 2481502 midgetrannyporn
midgetrannyporn's picture

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.

Thu, 05/31/2012 - 18:21 | 2481523 slewie the pi-rat
slewie the pi-rat's picture

larry?

Thu, 05/31/2012 - 18:17 | 2481506 The Swedish Chef
The Swedish Chef's picture

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. 

Thu, 05/31/2012 - 18:17 | 2481508 Convolved Man
Convolved Man's picture

Hey Timmy.

Show them how to scrawl I. O. U. on scrap pieces of paper.

Oh, don't forget to sign each as "California".

Thu, 05/31/2012 - 18:19 | 2481512 slackrabbit
slackrabbit's picture

Hi I'm Satan and I'm here to help...

Thu, 05/31/2012 - 18:40 | 2481530 lolmao500
lolmao500's picture

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...

Sat, 06/02/2012 - 07:15 | 2487011 theprofromdover
theprofromdover's picture

(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.

 

Fri, 06/01/2012 - 00:49 | 2481543 slewie the pi-rat
slewie the pi-rat's picture

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!!!

Thu, 05/31/2012 - 18:45 | 2481605 Everybodys All ...
Everybodys All American's picture

Use any measure. Has there ever been a bigger failure at the US Treasury than Timothy Geithner?

Thu, 05/31/2012 - 18:45 | 2481607 Catflappo
Catflappo's picture

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 ?     

Thu, 05/31/2012 - 19:05 | 2481659 DogOfSinope
DogOfSinope's picture

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!

Thu, 05/31/2012 - 18:46 | 2481613 Benjamin Glutton
Benjamin Glutton's picture

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....

 

 

Thu, 05/31/2012 - 18:56 | 2481634 Frank N. Beans
Frank N. Beans's picture

mi amigos de Espana, yo tengo muy dinero por usted. ctrl-P.

Thu, 05/31/2012 - 18:57 | 2481639 sessinpo
sessinpo's picture

It's called sabotage.

Thu, 05/31/2012 - 18:58 | 2481641 Racer
Racer's picture

The Git is now in charge of THE collapse.... welcome to epic turbo fail

Thu, 05/31/2012 - 19:01 | 2481648 hayward102
hayward102's picture

Unless their goal is implosion, discussing Spain's "significant progress" must have been a pretty short conversation.

Thu, 05/31/2012 - 19:19 | 2481689 DogOfSinope
DogOfSinope's picture

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.

Thu, 05/31/2012 - 19:16 | 2481682 Caviar Emptor
Caviar Emptor's picture

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!

Thu, 05/31/2012 - 19:34 | 2481720 theTribster
theTribster's picture

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...

 

Thu, 05/31/2012 - 19:40 | 2481739 azzhatter
azzhatter's picture

Did Spain request help from a pussified elf? Is that how they got Geithner?

Thu, 05/31/2012 - 19:50 | 2481756 chump666
chump666's picture

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.

 

Thu, 05/31/2012 - 20:19 | 2481830 Bunga Bunga
Bunga Bunga's picture

When your Geithner is gone, I will take over in DC.

Thu, 05/31/2012 - 20:53 | 2481947 poor fella
poor fella's picture

You can buy or 'fix' anything you want with Daddy's fucking credit card....

Geithner == Asshat

Thu, 05/31/2012 - 22:21 | 2482242 nah
nah's picture

tim geitner is the banks way of putting tanks in the streets

Thu, 05/31/2012 - 23:25 | 2482428 wisefool
wisefool's picture

tanks, or tards?

Fri, 06/01/2012 - 06:47 | 2482893 Money 4 Nothing
Money 4 Nothing's picture

You have him confused with Paulson..

Thu, 05/31/2012 - 22:56 | 2482249 Bansters-in-my-...
Bansters-in-my- feces's picture

I can't resist...!!!

Fuck You little weasel timmy...!!!

I know you read ZerOhedge....

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