Bill Daley Barely Lasts One Year Under Obama - President To Discuss Live At 3 PM
Remember when the hiring of former Wall Street insider and JP Morgan career man, Bill Daley, by the Obama administration as its latest Chief of Staff was big news last January? Well so much for that. The LA Times reports that the detente between Obama and Wall Street has reached new levels, with Daley's resignation expected to be announced at 3 pm by the president and is to be replaced by Citi's Jacob Lew, who in turn was the guy who oversaw the bank unit that "shorted the housing market." Well, at least Obama now knows to keep away from the JPM crew, whose Jamie Dimon is not all that happy with the president, if he wishes to avoid looking like not only the Wall Street's patsy, but also the guy who fails at sloppy seconds.
From the LA Times:
William Daley is stepping down as White House chief of staff and budget director Jack Lew is taking over the President Obama’s team as it heads into a tough election year, senior administration officials say.
Daley gave his letter of resignation to the president in a private meeting in the Oval Office last week, recounting the administration's successes of his one year on the job and saying it was time for him to return to his hometown of Chicago.
Obama plans to announce the change in leadership in a public event Monday afternoon. The official shift will take place at the end of the month, giving Lew time to complete the administration’s budget proposal while Daley leads the team through the crafting of the State of the Union address due in two weeks.
The choice of Lew puts a veteran staffer of the White House, Capitol Hill and State Department in a critical position at a difficult time for the president. Obama hopes he can work through tough budget and economic issues with Congress this year despite fierce opposition from Republicans in the GOP-led House. Having a strong team captain who can deal with lawmakers, staffers and business leaders is considered crucial to their strategy.
But aides say Obama had faith in Daley to lead that effort, and that he had not been discussing making any changes prior to last week. Daley’s letter took the president by surprise, said three officials familiar with the personnel discussions that followed. They requested anonymity to speak about the internal talks in advance of the public announcement.
The presidential address to explain how Daley has more pressing family obligations can be hear here live at 3pm, with the now customary 45 minute fashionably late delay.
http://www.whitehouse.gov/sites/default/themes/whitehouse/img/facebook_b...) no-repeat; padding-top: 13px; height: 30px; float: left;">JOIN THE LIVE CHAT
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Chicago... of course.
Clusterfuck nation when you can 'sample' positions like Chief of Staff...
What a complete farce we have here, and now... the re-election begins.
Of course Jamie Dimon is upset. He is completely incapable of running a free-market corp. He needs inside info, commodities to manipulate, and leaked info from the gov to make it go.
Jamie Dimon epitomizes the first-class loser. Only because he is, not because I said so.
He has exactly what he needs. He has a government that can't even fill out a work order form. So the companies that are leeched onto it fill them out and sell the government a bunch of shit they can't sell to anyone else. Making the government supplied with useless crap. Making it exactly what they need. A place full of useless crap that they can't use any of it to figure out what they need.
Their computers are probably programmed to spit out buy useless crap at the end of every report. They just have a rotation to stand in line to be the most important useless crap supplier right now.
is it POSSIBLE for this jackass clown NOT to get someone from the fuckin Street to staff ANY position in his administration?
Um...no.
Won't you come home Bill Daley...ROTFL!!!
http://www.youtube.com/watch?v=-376xL4qxiw
No he keeps asking for pyschopaths willing to do whatever it takes hold on to power and he keeps getting people that will keep drawing that line. The woa woa woa I ain't going there line. Fuck that.
All he wants from this place is the power to silence or control his enemies.
And if he get's it so damn many people will vacate this planet so fucking fast it'll look like the Stanford University Endownment fund fucking implosion.
old news removed
Daley must be getting a more lucrative offer from Romney.
Romney? Not likely, but his departure is probably either the result of a more lucrative opportunity, his past dealings catching up with him, or flat out incompetence. The guy could barely manage a couple rental properties in Bridgeport let alone a presidential chief of staff position.
Or maybe he just had enough of Chele's shit...like the others. Go now,... count fiat back in Chi Town with Rahm while the party lasts. Reasonable.
Crummy -- "One Hour Photo." Frankly, Williams' best performance.
He passed the one year mark. Was Daley granted the capital gains tax exemption on his JPM stock when he took the high-level government position? Does anybody know? Granted the job was not strictly a senior financial position, but that may be a distinction that was blurred.
well said. g.w. bush: mistakes were made; obama: distinctions were blurred.
Where can I buy Obama derivatives?
Really.
There is a genuine market here. If he can steal my money I should be able to short him.
www.intrade.com
How do I get on that list. Snort
Daley is returning to Chicago for one reason only: that legislature knows how to pass a tax increase and he figures there is a lot of money sloshing around now that he can get his hands on.............DC is too locked up with all those crybaby "cut spending/cut taxes" tea partiers around...........
Chicago, yes. A local (and I abhor to admit that since it's hell on earth....literally).
the HNIC will not get a 2nd term...NOT A SNOWBALLS CHANCE IN SOUTH FLORIDA....NO WAY....NO HOW......I WILL BET MY LIFE THE HNIC WILL BE OUT THIS TIME NEXT YEAR....GUARRRRNNNNTEEEEED.....
I'LL TAKE THAT BET!
I think he will be gone too but inauguration is a bit later in January so this time next year he will still be the POTUS but he will be working on his memior entitled: "See, they still hate the black man."
yup...you got me...whats a few weeks for a fucking loser like him? Not to pick on "the black man" since he is as worthless as the next mother fucker.....I'd rather have the head of the Bloods or Cryps to head this country rather than him....
Must admit...it's getting good...the Mayans may not be right about the end of the world but THAT IS RELATIVE. END OF THE WORLD AS WE KNOW IT....
Something has to give.....
Nevah , I say NEVAH misunderestimate the ignorance of the "people/voters".
If a clown like him couild get elected once then there is no reason to think it can't happen again.
He still has a couple of terrorists he could knock off for a little Oct surprise.
Or how could the people vote out a president in the middle of a war with Iran?
The GOP doesn't have anyone dynamic and different enough from Obama to motivate the indies to vote for. Romney is too similar to Obama, so they will stick with a known person vs unknown...even if they don't like Obama. Gingrich has wayyyy too much baggage hopping from wife to wife, he looses the female vote big time. Paul will never get the nomination because the GOP won't allow it. He is too radical for them...even if his economic ideas are correct. Santorum is too far right to pull independents....the rest are so non-motivational they would get decimated.
Unless the economy tanks (which it may) soon...though I think the Fed would immediately QE3-4 in a heart beat to keep that from happening...or a Black Swan event comes along that shows pure incompetence on Obama's part (enough that even couch potatoes get it)...we will see 4 more years. I think people will stick with familiar.
I really don't care that he has baggage and went wife-hopping; the career politicians probably all do, until caught with a hand in the cookie jar. Its the saccharine "born again" hypocrisy and wanting to force Taliban-like crazier-than-catshit evangelical 'values' on the population that turns me off.
Well, somehow the "familiar" became "creepy" so it is a no win all round.
I see what you did there but you missed one important point. Most folks with two functioning neurons would vote for OBAMA'S FUCKING DOG FOR POTUS BEFORE HIM..
Cable goes dark.
I'll vote for Satan over Obama. Better the REAL devil you know...
So here's my $million question:
Which is worse, 4 more years of Obama or the chance of 8 years of Romney?
I'm dead serious.
Of course, I really don't see the ponzi lasting long enough for either scenario....but still?
What an elaborate illusion our government is.
You mean your government. Some of us know better.
It is a collection of the very clever and most ruthless monkeys. A "borg" like fellowship of monsters. They play their parts naturally.
Jesus none of you fucks get it. These assholes have a little over a year until Mittens is sworn in. They don't want to scramble last minute for jobs, they don't want to play musical chairs with a last man standing all alone to take the heat.
A Daley finally found someone so scary corrupt, even the Daley's couldn't abide it. you would think Richie, Billy, and the Illinois Combine would stand in awe. Apparently, some of them are repulsed. I did not think that it was possible to shame the devil.
Gotta be a real grind being the right hand of GOD and all that .........................
Jamie Dimon is just a lieutenant of the Red Shield. But it's true that he pulls rank on Obama, or whatever TOTUS that is filling the seat.
Mitt R_Money is now fully engaged with the Morgue I'm certain.
Can anyone here truly imagine what a force our nation could be if we were only allowed to create & utilize our own (real) currency, interest free?
- Napoleon Bonaparte, 1815
'Imagine' being the key word when seventy percent of people are more worried about what homosexuals are doing with their erections that's all you're left to do: imagine.
Cue Beatles(the music of economic expansion)
* And now your regularly scheduled mouthgarbage by your nonsense peddler in chief... [sigh]
See that is where your wrong the media keeps you "pumped up" thinking we all care about your teeny piny, trust me 99% of us dont give a shit what you do with it pal.. Keep it away from children and my family and you can do whatever the hell you like.. But the media ask candidates about outlawing condoms cuz that is really important and of course it keeps you inflamed..
Just think how much labor has been stolen through inflation over the last 100 years or so?
Now you know why in every major city the biggest, shiniest buildings are banks!
pods
Andrew Jackson-Napoleon Bonaparte 2012
That's the ticket!!!
MO MONEY MITT will take the corruption and graft to another level which is why he is still with a shot.
Obam is just evil, Mo MONEY is beyond evil ..............
He has the look of a dude that wishes to push the big button.
Maybe he told Pres. Obama to short NFLX....holy shit Whitney is off the mat...baby..
Axe...
Indeed he is up and running....you check out those huge gaps? one goes up to 225 the other one is going to be filled this week at 120.....
That is one thing that is pretty darn sure...gaps get filled.....squeeeze it up.
BAC is another worthless squeeze too.....too many shorts....like turning on the gas of a grill....taking a shower and then lighting it....(eyebrows WILL grow back lol...)
The Ulsterman Report's "White House Insider" called this one quite a while ago. He says that Daley was brought in by the people that put Obama in power in order to reassert control of the Obama white house. Despite coming from Chicago, Daley is not part of Obama's Chicago mafia. Daley leaving so soon implies that Obama is one step closer to being thrown overboard by the PTB, most likely in favor of Romney. Search Ulsterman's archives for the "White House Insider". Good stuff.
http://theulstermanreport.com/
Ive been following Ulsterman's WHI for a good 16 months now. Damn good stuff.
WHI guy seems like another false hope story in order to generate interest in the election. Why? Because there's no way the plan to destroy everything needs Obummer to work. To insinuate that one of the stooges on the stage today would stop it, is beyond belief. He identifies the Fed's destructive nature as the most important idea in the upcoming election, yet offers not a single hint as to how Obummer's defeat accomplishes anything.
Better yet? His "voting for the first time, ever" mea culpa. Really, can this get any cornier?
Also, why does Ulsterman refer to the Dees illustration as an attempt to label Dr. Paul as an anti-Semite? Anyone who is familiar with Dees work (or that can see the Z in the Star of David) would recognize it's an attempt to label the Fed as a Zionist org which is attempting to discredit Dr. Paul.
All in all, I have a hard time believing that either of these people are operating at face-value, as there's just too many holes in their characters.
(edit: ok, I get it now. I read some more of the older stuff, and see that WHI is one of the draft-Hillary politicos "securing a primary challenger.")
Don't confuse his two sources-- "Wall Street Insider" and "White House Insider". "Wall Street Insider" is a relatively new source, and has a different perspective than "White House Insider". Even though the two "Insiders" are acquainted, they don't agree on everything, and have entirely different backgrounds.
Also, if you read the archives, how did you get that WHI is trying to draft Hillary? Maybe it's been awhile since I read his older stuff, but I don't remember him putting any faith in Hillary. In fact, WHI is quite openly rooting for a Republican to beat Obama, even though he is a longtime Democratic operative, and worked on the Obama campaign the first time around. He is that terrified of a 2nd Obama term.
Speaking of insider, why does that clown Charlie Gaspereno claim to have all this inside info.. He always report after the fact then claim he knew it all along.. He was saying today how he knew this was going to happen, I'm like WTF the news had been out for a good hour before is breaking news,, Are they that desperate for ratings, If they want ratings just call Tyler in prime time one time,, They all read the Hedge anyway, just let thay Cat out of the Bag ALREADY
theres an MF global waiting for daley
The Banana States of America. Nothing but 1 big joke.
Sheep-dog...yes.....BUT....It is getting SO OBVIOUS that something is going to give....
Reminds me of a Depeche Mode concert in the mid 80s......never ever forget
"SOMEBODY" was a hit song (dating myself, but who cares...lol)....ANYWAY....The blond drummer was singing it and he got a weeeee bit too close to the fans....well....one fan reached up and grabbed his arm YET THE SONG, THE MUSIC ETC. NEVER SKIPPED A BEAT...LIP SYNC CITY......
Bunch of noise from the audience but just like now.....FAKER THAN A TWINKIE......UNSUSTAINABLE.
that is the beauty of it....
orangedrinkandchips
Dude that was Milli Vanilli. Sometime sll the dope and booze blurs my memory too.
one of my favorite diners used to post all the bounced checks on a board right when you walked in. They called it the Milli Vanilli Award
One less Chitown banksta gangsta.
What about Obama nominates Tyler Durden?
Lew....
http://en.wikipedia.org/wiki/Jacob_Lew
Rhymes with........
What this country needs is a good robber baron
Caviar Emptor
Durant: Is it a villain you want? I'll play the part. After all, what is a drama without a villain? What is the building of this grand road if not a drama? This business is not for the faint of heart. It is a thorny, brutal affair that rewards the lion for his ferocity. But what of the zebra? What of the poor zebra? Well, the zebra's eaten, as the zebra should be. Make no mistake, blood will be spilled, lives will be lost, fortunes will be made. There will be patrail and scandals, and perfidy of epic proportions, but the lion - shall - prevail! You see, the secret I know is this. All of history is driven by the lion. We drag the poor zebra, kicking and braying, staining the earth with its cheap blood. History doesn't remember us fondly, but then history is written by the zebra for the zebra. One hundred years hence, when this railroad spans the continent, and America rises to be the greatest power the world has seen, I will be remembered as a caitiff, a malefactor, a lone wolf who operated out of greed for pure personal gain. All true, all true, but remember this: without me and men like me, your glorious railroad would never be built.
I'd settle for a benevolent dictator right about now...
Man, if that aint the truth.
You've already got him: his name is General David Petraeus--and he has sent the Happy Mind Martians your way just to say "he likes you too."
Im sure President Barry S. fired him after his JPM crew wasn't able to knock silver down below $20. Time to find another job where Daley can commit blatant fraud.
Hildebrand is out.
Resigned.
Whats wrong with ZH?
No coverage?
See that scroll wheel on your mouse? Use it.
SNB Head Hildebrand Resigns Over Insider Trading Scandal, EURCHF Floor To Go Next?
ZH missing a beat? cmon....gimme a break....ZH misses nothing!!!
rock on T!!!!
Sorry my fault.
I am too slow for you:-)
Ready...take aim... Fire!
Fire...Ready!...Aim...
Ohhhhh Snap!
You need to get up earlier, or at least try the "next" link at the bottom before blaming others. ;-)
(btw, I didn't downvote you (edit: but I see who possibly did.))
That must be "Sarcastic" Tyler... My favorite of the Tylers...
problem is...
funny...i like that guy/gal too....I cant tell one from the other...they are all so funny and salty!!! for sure it's more than 1- as talented as he(they) are it takes a great team.....but epitome of talented.....for sure....
Well, somebody's gotta police these threads.
What's wrong with taking a little time and making an effort? If it's not on the front page you get lost?
http://www.zerohedge.com/news/snb-head-hildebrand-resigns-over-insider-trading-scandal
http://www.zerohedge.com/news/socgen-hildebrand-departure-next-steps-will-snb-have-make-move
Awesome.
Turn over the running of the WH to the dude who presided over $4.5T in budget deficits.
In other news the DOW is up a comfortable +50, negating any need for the much begged-for 'QE3' for yet another trading session.
It's anticipating a moderate prosperity. V-shaped.
Wikipedia beat you to the punch on this one Tyler...(I can't seem to post the link to his bio though) ...strange
so now corzine is available
I wish there was a +5 button... nice one...
FINE! Can we just get on with it and attack Iran now?
I dont know about you guys, but I wouldn't be happy without a vetted banker as chief of staff
With a Harvard and Georgetown education at that. Or are those the minimum qualifications for those not coming from GS?
He was COO for Citi's Alternative Investment section in 2006...I'd say the banksters still have their WH connection.
Obama's advisors probably forced this guy out. It would be a nightmare during the election to have a JPMorgan guy with his name to have to explain that to the American people.
It's funny he replaced him with a Citi guy haha