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Geithner Comes Clean: "I Don't Understand It"

Tyler Durden's picture




 

Tim Geithner outdoes himself this evening with three hypocritical, self-defecating-deceiving, and typically ignominious clips courtesy of his interview with Jeffrey Brown of PBS NewsHour. While we knew TurboTax was beyond him, the Treasury debacle-in-chief admits he doesn't understand how the debt limit has bubbled back up (seeing it as part of a partisan political agenda); admits that perhaps the NY Fed has a 'perception problem' with Jamie Dimon on the board; and his piece-de-resistance his cognitive dissonance erupts as he touts Obama's economic and jobs record: "look how well we are doing relative to any other major country". It seems the election cycle is well and truly upon us and revisionism and populism will once again trump sensibility and forthrightness.

First, the renewed debate over the federal debt limit:

 

 

JEFFREY BROWN: Here we are again this week where the debt limit question has bubbled up. Do you see --

TIMOTHY GEITHNER: Can you believe it?

JEFFREY BROWN: Can you believe it?

TIMOTHY GEITHNER: I can't. I can't. I don't understand it. I don't understand it.

JEFFREY BROWN: You can't because, you can't understand because --

TIMOTHY GEITHNER: Because look at how much damage it caused the country last August. I mean, it was terribly damaging for the country. And the idea you can govern effectively at this time in American history -- you know, we're fighting wars. We've got a major financial crisis in Europe. We have all of these challenges for the rest of the country with political politicians threatening to default if we don't adopt a partisan political agenda. It's deeply irresponsible. There's no basis for it.

The secretary also discussed a "perception problem" with CEOs of major banks serving on the board of the New York Federal Reserve:

 

 

JEFFREY BROWN: Elizabeth Warren, who helped set up the Consumer Protection Agency for the administration, now running for the Senate in Massachusetts - she said that Jamie Dimon, head of JPMorgan, should not be sitting on the board of the New York Fed, that that just - it isn't right, because they help regulate those banks.]

TIMOTHY GEITHNER: That's not a new observation, not a new concern. It's been made by many people over the last several years.

JEFFREY BROWN: Do you think it's right?

TIMOTHY GEITHNER: I think it is true. And I think it's a problem that that - the structure of the Fed, established 90 years ago, and it's true for Federal Reserve banks across the country, creates that basic perception. And I think that's something worth trying to change. But the American people should understand that although the Fed was set up that way, those banks and the members of the board play no role in supervision. They have no role in the writing of the rules, and they play no role in decisions the Fed makes about how to respond to a financial crisis. Their role is a much more limited role, and the role is to help provide a perspective on what's happening in the economy as a whole. But I agree with you that the, that perception is a problem. And it's worth trying to figure out how to fix that.

JEFFREY BROWN: Do you think Jamie Dimon should be off the board?

TIMOTHY GEITHNER: Well, that's a question he'll have to make and the Fed will have to make. But again, on the basic point, which is it is very important, particularly given the damage caused by the crisis, that our system of oversight and safeguards and the enforcement authorities have not just the resources they need, but they are perceived to be above any political influence and have the independence and the ability to make sure these reforms are tough and effective so we protect the American people, again, from a crisis like this. And we're going to, we're going to do that.

The two also discussed how President Obama's economic record will play out on the campaign trail this year:

 


 

JEFFREY BROWN: So you think he's got a record on jobs and the economy that he can proudly run on?

TIMOTHY GEITHNER: Absolutely. And again, if you look at -- look at how we're doing relative to any other major country in the world today. Look at how we managed our crisis relative to what, not just how the U.S. managed in the past or how Japan did, but look at Europe today, and if you look at any measure that we can point to of economic strength, they provide overwhelming support for the choices he made early on. And remember, those were tough - very tough choices, put out the financial fires, get growth started. He did it with almost no help from his opponents, deep political costs, and those things made us -- make us stronger today.

 

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Fri, 05/18/2012 - 00:06 | 2438452 carbonmutant
carbonmutant's picture

"non compos mentis"

Fri, 05/18/2012 - 00:13 | 2438478 FEDbuster
FEDbuster's picture

"But really Jeff, Jamie Dimon is my real boss.  I can't tell him what to do.  All I can say is America is sooooo fucked."

Fri, 05/18/2012 - 00:29 | 2438504 Ahmeexnal
Ahmeexnal's picture

what a moron.  hope he is fond of lamp posts.

Failbook IPO already falling apart.  Asian markets on full blown collapse.  Over 2% decline and growing by the second.

Take this Facebook IPO....and shove it:

http://www.marketwatch.com/story/take-this-facebook-ipo-and-shove-it-201...

Fri, 05/18/2012 - 00:30 | 2438510 Michael
Michael's picture

Timmay is just such a putz.

Elizabeth Warren Makes Timmy Geithner Squirm Over AIG and Goldman Sachs Bailouts

http://www.youtube.com/watch?v=pz7ruJw6byQ&list=FLdSnTNA6aMtwMSA6x2vyTYw&index=0&feature=plcp

Fri, 05/18/2012 - 00:35 | 2438518 SilverTree
SilverTree's picture

I hate how Tim always interrupts.

Fri, 05/18/2012 - 01:04 | 2438577 iDealMeat
iDealMeat's picture

TIMOTHY GEITHNER: I think it is true. And I think it's a problem that that - the structure of the Fed, established 90 years ago, and it's true for Federal Reserve banks across the country, creates that basic perception.

 

90 years ago?  Awesome Timmah,  just Awesome.. 

Federal Reserve System

carry on..

Fri, 05/18/2012 - 02:09 | 2438693 NewThor
NewThor's picture

Timmy's ego might be the biggest bubble of all.

Fri, 05/18/2012 - 07:16 | 2438877 GetZeeGold
GetZeeGold's picture

 

 

Apparently Timmy disagrees with you.

 

Timmy.....get off ZH and go take out the trash!

 

Fri, 05/18/2012 - 08:03 | 2438990 bernorange
bernorange's picture

 And the idea you can govern effectively at this time in American history --

I didn't think anyone talked like this in real life.  It's what made that line in Monty Python and the Holy Grail so funny.

Even those who arrange and design shrubberies are under considerable economic stress at this period in history.

I think Timmah is mocking us.

Fri, 05/18/2012 - 09:10 | 2439208 Pure Evil
Pure Evil's picture

Sung to the tune used by the PullUp diapers commercial -

 

Timmah: "I'm a big kid now!"

Fri, 05/18/2012 - 06:04 | 2438830 Frankie Carbone
Frankie Carbone's picture

Well since this is basic math, and this is Turbo Timmy, what'd you expect? 90 years, 99 years? Just a rounding error bro. 

Fri, 05/18/2012 - 10:02 | 2439505 catacl1sm
catacl1sm's picture

I caught that too. It's been 100 yrs. putz doesn't even know his history.

Fri, 05/18/2012 - 02:21 | 2438705 Bizaro World
Bizaro World's picture

Silvertree, Timmay interrupts because he is visibly uncomfortable with the direction of the questioning, therefor he blurts out a question to the interviewer to redirect, albeit an idiotic mi-step "can you believe it?", but it works for a second and places the interviewer off guard for a moment and changes the interviewers line of questioning to suit one that Timmay should have a "canned preprepared answer," except idiotic Timmay doesn't know what to say when the interviewer simply repeats Timmay's question back to him "No, can you believe it?"....and then a glimpse of truth....Timmay says, "no I can't", then lunches into his prerecorded partisan bullshit response.

We are truly in trouble....the puppet masters are losing control and the US will be sacrificed (perhaps intended all along) to enact the new global currency.

Prepare well

Fri, 05/18/2012 - 06:21 | 2438834 Zero Govt
Zero Govt's picture

what a tool

turbo tims' CV is Govt crone bending over for 'another' from his Masters

you'd find more backbone in a banana

Fri, 05/18/2012 - 00:39 | 2438526 macholatte
macholatte's picture

 

TIMOTHY GEITHNER:   ……But the American people should understand that although the Fed was set up that way, those banks and the members of the board play no role in supervision. They have no role in the writing of the rules, and they play no role in decisions the Fed makes about how to respond to a financial crisis. Their role is a much more limited role, and the role is to help provide a perspective on what's happening in the economy as a whole.

JEFFREY BROWN:   So what are they there for? What dod they do? What’s their function?

TIMOTHY GEITHNER:  To gather inside information and make themselves and thier handlers filthy rich at the expense of the American people.

 

Fri, 05/18/2012 - 02:03 | 2438689 Bunker Boy
Bunker Boy's picture

Tim-aaaahhhhh. (South Park rendition.)

Fri, 05/18/2012 - 03:05 | 2438745 Chariots of the Feds
Chariots of the Feds's picture

Livin' a lie!

Fri, 05/18/2012 - 03:41 | 2438772 Motorhead
Motorhead's picture

Man, you said it!

But Elizabeth Warren is a piece of work herself, you know, that Cherokee squaw.  And you should see her entry in the Pow Wow Chow cook book for Mexican Oatmeal Soup.  Scrumptous!

Fri, 05/18/2012 - 03:57 | 2438783 piceridu
piceridu's picture

Just another great reminder of what corrupt lying sack of shit this guy is...

Fri, 05/18/2012 - 00:36 | 2438522 DeadFred
DeadFred's picture

Faceplant IPO? It has a certain ring to it.

Fri, 05/18/2012 - 03:07 | 2438746 Element
Element's picture

"There is no chance of that." - Timah

 

It's a great day for it though!

Fri, 05/18/2012 - 01:17 | 2438615 williambanzai7
williambanzai7's picture

RETARDED AD SEEN ON ZH

Fri, 05/18/2012 - 01:46 | 2438663 Global Hunter
Global Hunter's picture

that is one of the funniest things I've seen, had me choking and then a coughing fit after that.

Fri, 05/18/2012 - 01:49 | 2438665 Dr Bob
Dr Bob's picture

fucking brilliant

Fri, 05/18/2012 - 05:34 | 2438811 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

WB7, you are a true hero

Fri, 05/18/2012 - 05:56 | 2438824 BeetleBailey
BeetleBailey's picture

LMAO WB! Brillant catch.

Geithner....douchebag....but I repeat myself.

Fri, 05/18/2012 - 06:53 | 2438868 Catullus
Catullus's picture

Both selling fashism. Excellent.

Fri, 05/18/2012 - 10:05 | 2439526 catacl1sm
catacl1sm's picture

Oh, God! I'm glad I already swallowed my coffee before scrolling down to that.

Fri, 05/18/2012 - 07:07 | 2438884 Freewheelin Franklin
Freewheelin Franklin's picture

"hope he is fond of lamp posts."

Yes, I believe he is.

He uses statistics the way a drunkard uses a lamppost; for support, rather than illumination.

Fri, 05/18/2012 - 00:36 | 2438517 Oh regional Indian
Oh regional Indian's picture

In all fairness, he is saying he does not get the political dead-lock, not that he does not get how it was crossed.

But anyways, it's a farce if humungous proportions... even this man's selection to where he sits, knows the IRS is illegal, never paid taxes... truly the theater of the absurd.

 

Just like here in India we have had this IMF stooge prime-minister who never got elected in a popular election.

Imagine that. Largest democracy in the world has had an un-elected runt he country. Twice. 

Very angry making. Bustards. Fluckers. 

ori

whither-india

Fri, 05/18/2012 - 07:40 | 2438933 ParkAveFlasher
ParkAveFlasher's picture

on the topic of stooges, Tim is looking more and more like Larry as time goes on.

Fri, 05/18/2012 - 00:36 | 2438524 barliman
barliman's picture

 

As someone  once observed, "We have all of these challenges for the rest of the country with political politicians ..."

"You might think that establishes non compos mentis ... but I think it just establishes guilt by incompetence ... and as such, I ask the jury to return a verdict of Guilty and a sentence to be executed at the first tall tree with a sturdy limb apprximately 12' off the ground. Further, given the aggravated nature of the offense, I would appreciate the jury direct that the convicted felon not be allowed a coup de grace but left till God in his infinite mercy decides to collect him for judgement."

"Oh, and if the jury can see its way clear to finish this indelicate task before sundown, I am buying the first round of drinks."

barliman

Fri, 05/18/2012 - 12:24 | 2440530 emersonreturn
emersonreturn's picture

Max is timmy's way of having fun.

Fri, 05/18/2012 - 00:07 | 2438454 ba dum tiss
ba dum tiss's picture

I'm sooooo jealous of his Beavis-like head structure. So jealous...

Fri, 05/18/2012 - 00:07 | 2438456 prains
prains's picture

once upon a time you used to have to build your own gallows before you were hung we need to revisit that idea

Fri, 05/18/2012 - 00:12 | 2438462 The Big Ching-aso
The Big Ching-aso's picture

 

 

I used to think a high forehead was a sign of high intelligence.

Fri, 05/18/2012 - 00:15 | 2438482 James-Morrison
James-Morrison's picture

I can't remember a Treasury Secretary  without one.

They are all rubber-stamping, status-quo, moondogs.

 

Fri, 05/18/2012 - 00:45 | 2438540 knukles
knukles's picture

Offspring were maggots.... LOL

Fri, 05/18/2012 - 00:15 | 2438487 prains
prains's picture

or lots of room to write 'fuckwad' while he's passed out on your sofa

Fri, 05/18/2012 - 00:23 | 2438499 hedgehog9999
hedgehog9999's picture

It is all self service statements which he even has trouble with his body language, everytime he makes a point his face looks like he sitting on the toilet after a big meal.

How come the US is headed into a recession after all the great work they have done with 2 QE's and a pseudo QE and still the 90+% is poorer and the new jobs "created" are underpaid low level subsistance jobs, pensions headed for the toilet, foodstamp country, etc, etc I could go on......

What a bunch of crooked spin makers....

Fri, 05/18/2012 - 00:28 | 2438505 eaglefalcon
eaglefalcon's picture

Nope, it's a sign of jewishness

Fri, 05/18/2012 - 00:34 | 2438507 cbxer55
cbxer55's picture

Tell that to The Forehead (Paul Begala). ;-)

Fri, 05/18/2012 - 00:32 | 2438514 InvalidID
InvalidID's picture

He's smart enough to bullshit his way into a pretty sweet gig isn't he?

Fri, 05/18/2012 - 00:33 | 2438515 DeadFred
DeadFred's picture

Anybody got a good slow-mo for the video? I'm pretty sure he had two quick smirks during the last comment "and the enforcement authorities" [smirk] (the bozos!) and "so we protect the American people, [smirk] (fools, you're dog-meat again just like last time) again, just like last time". The interpretation of the smirks are of course mine. People can't fully suppress those micro expressions and they make wonderful truth detectors. He's lying and he knows he's lying, grab your wallet.

Fri, 05/18/2012 - 00:10 | 2438465 lizzy36
lizzy36's picture

Nobody fucked up more than Geithner leading into 2008....NOBODY. He was the head of the FRBNY. Under his watch the greatest financial crisis in the world happened....and for that he got a PROMOTION.

For him to take about the credibility of anybody else (including jamie dimon) is the HEIGHT of hypocrisy.

As for the record of the US....when in doubt go to bell curve grading.Love to know the benchmark he is using. Because apparently it isn't Canada. Remember 2 years ago when Biden said Yanks would be growing jobs at a clip of 250k-500K a month. These guys are such clowns.

Btw, i must have missed the part where growth started. Apparently it must have been around the same time geithner welcomed us to the recovery.....in the summer of 2010.

Fri, 05/18/2012 - 01:09 | 2438600 Questan1913
Questan1913's picture

Lizzy36,

 

Not to nitpick, but a transfer from the FRBNY to Treasury is not a promotion; it's more of a lateral move.  He carried out the order like all good soldiers do and is doing an exemplary job in his new post; doubletalking.

Fri, 05/18/2012 - 14:24 | 2440839 slewie the pi-rat
slewie the pi-rat's picture

i think we've learned enuf aboutTreasury to understand why you are getting a few junks

yes, in a sense, timmah is "just" a cog in a machine, but it is an enormous machine and timmah or any sec'yT is a critical decision-making cog (as is theNYFedHead, as you correctly say) but lizzy, even tho a deludedCanuckHosiere, seems correct in her bold assertion, here, imo

i've been trying to tell people since last august that precisely this was gonna be the campaign:  prez0 is gonna run on a strong dollar and a wonderfully strong ponzied-out paper "economy" of unicorn farts AND timmah is clearly prez0's man;  do not believe tyler;  he doesn't have slewie's intel  L0L!!!  and this shit with jamie is just playful, imo

that said, you aren't "wrong" either, _stan;  but let's consider that the FED reports to theCongo, via the chairsatan ["CE0" and the NYFedHead is "C00", perhaps?] by law;  and theTimmah is theUSExecutive function involved, again, by law, but this time it is theConsitution rather than some bullshit legalVaselineAssLube which has now become hereditary b/c we have "evolved"

Fri, 05/18/2012 - 01:37 | 2438641 MsCreant
MsCreant's picture

Cancer is a growth. So is the metastasizing process.

Fri, 05/18/2012 - 00:10 | 2438467 Clashfan
Clashfan's picture

While we're tossing around names of people who need to be fired (or worse), how about this rat-faced t......? http://www.infowars.com/panetta-authority-of-un-trumps-congress-in-getti...

Fri, 05/18/2012 - 00:16 | 2438469 tickhound
tickhound's picture

Re-Ode to Tiny Timmah

 

sung to... Elton John, Tiny Dancer

 

Blue skies, Bennay

Debt pimp, Timmay

Schem-sters for the man.

 

Prices high,

Debt to the sky,

Print is the ponzi plan.

 

Larry Summers,

massage the numbers,

marking market to a sham.

 

Now it hits me,

the fraud economy,

toilet paper in my hand...

 

Barry freaks, out in the streets,

Another ticket sent by God,

No turning back, we just laugh

The price for Ipad's not that bad.

 

Awoken man, he makes a stand

In an internet forum

Speaking on, right and wrong

The story's old news for some

 

But oh how it feels so true

Lying here, in IOU's

Cursing you, but you can't hear me

When I say slowly, but LOUDLY

 

F' me harder, tiny Tim-mah

Countless hedge-funds hit the highway

Wash the world in worthless pap-ah

Another busy day, today...

 

 

Fri, 05/18/2012 - 00:40 | 2438529 SilverDosed
SilverDosed's picture

Bravo sir

Fri, 05/18/2012 - 01:08 | 2438597 Yes_Questions
Yes_Questions's picture

 

 

While Mona Lisas and mad hatters,
sons of bankers, sons of lawyers,
turn around and say, "good morning" to the night.
For unless they see the sky, but they can't and that is why,
they know not if it's dark out side or light.

Fri, 05/18/2012 - 00:11 | 2438470 Some Bloke
Some Bloke's picture

He's got a point, if you drop $1,000 of your hard-earned on the roulette wheel, you feel a whole lot better if someone else has dropped $2,000.

Where does America get these idiots?

Fri, 05/18/2012 - 00:11 | 2438472 LowProfile
LowProfile's picture

 

JEFFREY BROWN: So you think he's got a record on jobs and the economy that he can proudly run on?

TIMOTHY GEITHNER: Absolutely. And again, if you look at -- look at how we're doing relative to any other major country in the world today. Look at how we managed our crisis relative to what, not just how the U.S. managed in the past or how Japan did, but look at Europe today, and if you look at any measure that we can point to of economic strength, they provide overwhelming support for the choices he made early on. And remember, those were tough - very tough choices, put out the financial fires, get growth started. He did it with almost no help from his opponents, deep political costs, and those things made us -- make us stronger today.

 

The USA is doing better relative to other countries...  Oh, you mean like FUCKING ICELAND?!?!?!

And Growth?!

The only thing growing is the debt, the federal gov't, unemployment, the price of commodities (esp. precious metals) and the world's blood pressure.

These douche-puppets are sounding more and more like Baghdad Bob every day.

Fri, 05/18/2012 - 00:14 | 2438480 prains
prains's picture

something about a horse and a glue factory, how does that go again /s

Fri, 05/18/2012 - 00:11 | 2438473 wee-weed up
wee-weed up's picture

He's worried about his huge Facebook shares buy tomorrow!

Fri, 05/18/2012 - 00:19 | 2438490 valkir
valkir's picture

Timmy and Berdmunkee-fuck you,.Tomorrow,Falsebook will "save" the "market".For 2-3 hours,suckers.

Fri, 05/18/2012 - 00:32 | 2438513 Cole Younger
Cole Younger's picture

Well thet may  be a tall order. Asian markets are getting slamed right now..

Fri, 05/18/2012 - 00:28 | 2438506 jomama
jomama's picture

dafuq are those guys up to in the background?

Fri, 05/18/2012 - 08:44 | 2439113 dbomb12
dbomb12's picture

They are setting up the "NEW and IMPROVED" printing presses

Fri, 05/18/2012 - 00:31 | 2438512 Bansters-in-my-...
Bansters-in-my- feces's picture

Not alot to say other than "fuck off you lying little weasely cocksucker".

Fri, 05/18/2012 - 00:48 | 2438549 knukles
knukles's picture

Is weaselthelioma contagious?

Fri, 05/18/2012 - 06:46 | 2438858 CPL
CPL's picture

Yes, symptoms include Cognitive Dissonance (not our local fantastic wordsmith), smug assuredness and speaking in convoluted parallel abstracts that Janus himself would complain of the bald face lies with any declarable function to them.

Fri, 05/18/2012 - 10:43 | 2439732 JimBowie1958
JimBowie1958's picture

"weaselthelioma" ?

Oh, I am SO going to steal that word....

Thank you!

 

Fri, 05/18/2012 - 00:34 | 2438516 Convolved Man
Convolved Man's picture

I can't watch it.

Doctors say I need to control my blood pressure and listening to him would make my head explode.

Did he get the opportunity to blame our problems of perception on China's currency manipulation?

Fri, 05/18/2012 - 00:37 | 2438525 HD
HD's picture

In other news:

  Tim Geithner and Robert Reich are proud to announce their joint venture - "Bubbles" the new under five feet tall Keynesian dinner and dancing bubble blowing club. Hot fiat action will inflate away your troubles and stimulate growth in all the wrong places.

Tuesdays are bearded, balding man's night - but hurry it transitory!

Fri, 05/18/2012 - 00:45 | 2438541 Convolved Man
Convolved Man's picture

Do they have validated parking...

 

and charging outlets for my General Public Motors volt mobile?

Fri, 05/18/2012 - 00:52 | 2438560 HD
HD's picture

Unfortunately no one ever, EVER used them, so the charging stations were replaced with EBT access terminals which see a brisk business.

Fri, 05/18/2012 - 00:50 | 2438532 knukles
knukles's picture

Ben plops down on the couch, bathrobe, slippered feet up upon the coffee table, humongoloid tumbler of 25y/o MacDivotmashie in his paw, faithful dog Erexion by his side and turns on the telly to PBS which is showing interview with Timmah.

Ben:  Jesus H Fucking Christ! (spilling some scotch)  I thought Obie told his ass not to be seen in public again.  (soft whimpering sounds)

Ding Dong  (doorbell)

Erexion bounding to the door, barking, slobbering all over, excitedly pissing all over the rug.

Ben:   Oh fuck me, it can't be (dashing to the door, threadbare slippers getting soaked in dog piss) he's on television.  Down Erexion, down!

Voice through door:  Ben, it's me.  I came over to see the interview.

Ben:  What the fuck (yanking door open, almost ripping it off the hinges, stomping his warm quickly turning dog piss cold cold feet) are you doing here?  You're on television!  Oh for Christ's sake Timmy.

Tim:  Lookie lookie lookie, it's me on the telly. (dashing into the living room traipsing dog piss all over the priceless Persian rug taken from John Thain's office along with the gold commode which was recently sent to the bowels of Ft Knox.) Plops down on chair eyes glued to himself on the telly while Erexion starts humping his leg.

Ben quietly closes door, locking Timmah inside the house and begins slowly walking down street humming Amazing Grace, hails cab and asks to be taken to White House with folded stained resignation in pocket of favorite worn bathrobe.

 

 

Fri, 05/18/2012 - 00:44 | 2438536 WallStreetRanter
WallStreetRanter's picture

A "perception" problem? A simple "perception" problem. No no, little Timmy boy....It's an ACTUAL REAL PROBLEM. You know, conflict of interest type stuff. Kinda like you coming from a job at the NY Fed looking out for the interests of the banks and then somehow being put in as Treasury Secretary, a position that is SUPPOSED to look out for the interests of the taxpayer. But then again maybe since the prior Treasury Secretary was an ACTUAL former bank CEO people foolishly thought this was somehow an upgrade? The stupidity this guy spews......

The Wall Street Ranter 

Fri, 05/18/2012 - 00:48 | 2438548 Yes_Questions
Yes_Questions's picture

 

 

political politicians...

 

He must be the product of Bohemian Grove ritual inbreeding...

 

Fucking dumber than Joe the Plumber and W. combined.

Fri, 05/18/2012 - 02:26 | 2438715 Global Hunter
Global Hunter's picture

I hope you don't mean our Joe the Plumber who posts here on ZH because I kinda like that guy

Fri, 05/18/2012 - 08:33 | 2439076 Yes_Questions
Yes_Questions's picture

 

 

No, not ours.

 

thanks..and I agree.

Fri, 05/18/2012 - 02:22 | 2438553 spooz
spooz's picture

Right, Timmy, we know its all about perception. Why does it always feel like you're doing a tap dance when you speak? It has nothing to do with the fact that Dimon is in a much better position to lobby for holes in the Volker Rule in his board position at the fed. Is perception like confidence?  You know, that magical thing that makes consumers buy, buy, buy? I know I start feelin frisky when I hear confidence is up, makes me want to go shopping!  Everything will be just fine as long as you can keep everybody from looking behind the curtain. Got to keep the loonies on the path.

Fri, 05/18/2012 - 00:51 | 2438557 theTribster
theTribster's picture

Fuck You Geithner! You lying piece of shit! Go polish Bernanke's head so its nice and slipperly when he has to stick it up his own ass. Your an incompetent fool who will go down and the Treasurer that bankrupt America. You'll be considered one of the most corrupt and irresponsible treasurers of all time. Unfortunately for you, the memory most people will have is of you polishing Ben's head before he is forced to stick it up his own ass. What you've done should be considered treasonous and your sentance should carry all of the associated penalties.

The gubmint could sell tickets to your demise just like a boxing event on Pay-Per-View, if we expanded the program to include all branches of gubmint we might be able to grow out way out of the debt. Frankly, I would consider it noble and may have a different perspective on you if you could endorse such an idea, a spectacle for the good of the nation like good ole Rome. You might even become a hero, think about it dickhead this may be your last chance at redemption!

Even though you only look about 15, you've actually been fleecing the country for over 2 decades! Hard to believe that such obvious incompetnce (ala Corzine) would allow for such a career, just goes to show you what kind of people and thinking make up banking and governement. You've helped morph the banking industry into a casino that isn't even really interested in traditional lending anymore!

Their hoping that Facebook changes market direction and generates momentum, we'll see. Marc Faber says the markets are ready for a big rebound in equities and hard hit on the dollar. He also says, the markets are dramatically oversold - ya think? Funny guy, I don't think I'd follow hs investing ideas though.

C'mon QE and LTRO, we know your there and ready to spring to life once again and save us. The printers are definitely getting ready for another massive round of printing, this round will dwarf the previous rounds. No buy on the dip anymore, scaring Bernanke and Geithner because it can only mean printing, and printing and then printing some more. Krugman will be happy, so will Gold and Silver stackers (like me).

Fri, 05/18/2012 - 00:53 | 2438561 What_Me_Worry
What_Me_Worry's picture

"They have no role in the writing of the rules, and they play no role in decisions the Fed makes about how to respond to a financial crisis." 


 

Fri, 05/18/2012 - 00:55 | 2438563 Questan1913
Questan1913's picture

Sloppy editing here Tyler...  you got it right the first time.  The weasel strikes again, and again, does he not?  Just another slick talking liar carrying water for his masters as Bernanke does.  They are errand boys for the swindle class, nothing more.

Fri, 05/18/2012 - 00:55 | 2438564 q99x2
q99x2's picture

He is not that old. Many years ahead for him to run, in hiding, from the law. Maybe he'll get a sex change into a man.

Fri, 05/18/2012 - 01:01 | 2438582 Alexandros
Alexandros's picture

The end of the world is near... The ten plagues of Pharaoh “have been brought upon” the USA.

From the Wall Street Crash of 1929 to the Global Financial Crisis of 2007

http://eamb-ydrohoos.blogspot.com/2010/02/ten-plagues-of-pharaoh.html

.

It is the absolute tragedy for the USA. The former illegal immigrants had become the masters of their land; the ultimate masters. The people who wanted to collaborate with the Jews to become “Pharaohs” had the same bad luck. The greedy “locust” of the Asiatic desert swapped the USA and left absolutely nothing standing. The formerly rich people of the New World have been drained of their money to such a degree that they have passed the point of poverty and are headed towards starvation. The Americans now experience desperation and trust in God. Poor and hungry people gather around the fire to warm and cast their eyes up to heaven as their last hope. These are the former planet leaders...

Authored by Panagiotis Traianou

Fri, 05/18/2012 - 10:12 | 2439570 catacl1sm
catacl1sm's picture

Yousa bein makin nose sensa! Nose sensa I  be sayin!

Fri, 05/18/2012 - 01:02 | 2438585 Triple A
Triple A's picture

liar liar pants on fire

Fri, 05/18/2012 - 01:06 | 2438592 Money 4 Nothing
Money 4 Nothing's picture

It's not illegal to be stupid, look at George Bush for example.

Fri, 05/18/2012 - 07:41 | 2438935 wonderatitall
wonderatitall's picture

this is the typical fascist blue state response. he did it too. if it was wrong for one type then you monkeys are doubly wrong being that you are so sooper smarty pants and all. lets just get this war started eh. obamas black storm troopers are attacking in all big "cities". hey is poof boy in a city?...good luck and dont come to us...lock and load baby

Fri, 05/18/2012 - 01:10 | 2438603 MayerRothschild
MayerRothschild's picture

I wonder if Timmah knows why the debt ceiling was originally created?  To keep us OUT of war specifially World War I

The debt ceiling was first enacted in 1917. Why? The date tells all: we were about to enter the Great War. To fund that effort, the Wilson government needed to issue Liberty Bonds. This was controversial, and the debt ceiling was cover, passed to reassure the rubes that Congress would be “responsible” even while the country went to war.

 

Fri, 05/18/2012 - 09:54 | 2439433 Montezuma
Montezuma's picture

WTF  are you talking about? It was to fund the war not keep us out. There was no controversy you tinhat, it was CONGRESS that allowed them, they could have easily said no, but you know, war is good for business. Ceiling was just there to name a number of bonds GOV could issue, nothing more. Yes they could have said, "Here you go Woodrow, just write the number how much you want", but they didnt, do you honestly think that in war time anyone is going to be economically hawkish? Thats why there were 4 bond issues. The whole "debt ceiling" came accidentelly. There were no Robert Norqcunt yelling about tax and spent. They could have get as much as they wanted, but had to uphold the theater that it is the Congress that still has the biggest dick.

Now if you want to get wondering is why after the war law was not changed? And WHY treasury didnt pay up the last bond in gold.

Fri, 05/18/2012 - 01:19 | 2438619 Questan1913
Questan1913's picture

Let,s clear this up:

He doesn't understand the imbecillic misperception of Americans thinking there is anything wrong with Jamie Dimon sitting on that board.

Fri, 05/18/2012 - 01:36 | 2438639 aldante
aldante's picture

That is really Sasha boran Cohen in a Timmy suit...

Fri, 05/18/2012 - 01:41 | 2438649 ebworthen
ebworthen's picture

Hey Timmy, our "not as bad a disaster as the other disasters" only cost us $9 TRILLION.

Now, why is that debt ceiling being breached again?

Back to first grade Turbo Boy!

Fri, 05/18/2012 - 02:03 | 2438658 Global Hunter
Global Hunter's picture

Oh great a Timmay video, I find him funny in the same way I find Ralph Wiggum funny.

edit: just watched holy shit he's hit the full retard button, he's cracking up haha.

Fri, 05/18/2012 - 01:52 | 2438671 r00t61
r00t61's picture

And this little clip of Timmay reminds me yet again of the old adage:

"Politics is show business...for ugly people."

Fri, 05/18/2012 - 02:28 | 2438718 GernB
GernB's picture

I am stunned that he sees debt to GDP of 100%, and every child being born $50000 in debt as a political issue. Someone should send him a link to this vidao:

http://www.youtube.com/watch?v=Li0no7O9zmE

Fri, 05/18/2012 - 02:30 | 2438720 Loukanika the r...
Loukanika the riot dog's picture
Father Ted | Father Jack : "How did that gobshite get on the television?"

http://youtu.be/YDROjeV1C0w

Fri, 05/18/2012 - 02:32 | 2438721 dunphyben
dunphyben's picture

journalist vernacular says that any interview with geithner is called a stress test.

Fri, 05/18/2012 - 02:39 | 2438725 Inthemix96
Inthemix96's picture

On the off chance you might read this timmy, just wait till we reach critical mass, when enough people have woke and understand what you and your mates have done.

Your a dead man walking son, make the most of the time you have left, you and the likes of you are in for one hell of a wake up call. And all so richly deserved, you will, and I mean will find out that money is not everything.

Fri, 05/18/2012 - 02:51 | 2438735 Dorky
Dorky's picture

From video 1: "Can you believe it?"

What he means: "Can you believe we are still fighting over this debt limit? By right there should be no debt limit at all. Debt should be allowed to go higher indefinitely and possibly infinitely."

 

From video 2: "... that perception is a problem."

What he means: "Your perception is a problem, despite it being true. Yeah, of course Jamie Demon can authorize what to do and what not to do, or else why should he be sitting in the board in the very first place? And so we are going to change your perception, to be based on lies and deceit."

 

From video 3: "Absolutely."

What he means: "Jamie Demon is a savior and he is here to STAY!!!"

Fri, 05/18/2012 - 03:22 | 2438758 slackrabbit
slackrabbit's picture

He reminds me of Captin Pike from Star Trek....he would have made more sence just beeping anf flashing his red light. Pike was injured in battle, whats timmah excuse? I would say with this man running the treasury and Ben at the Fed, we shouldn't be pointing fingers as greece...

 

Fri, 05/18/2012 - 03:29 | 2438764 All Out Of Bubblegum
All Out Of Bubblegum's picture

I'm going long on tar and feathers.

Fri, 05/18/2012 - 03:35 | 2438769 Cosimo de Medici
Cosimo de Medici's picture

There isn't enough cleanser in the world to make that boy clean.

Fri, 05/18/2012 - 03:44 | 2438778 Inthemix96
Inthemix96's picture

Oh, its a perception problem then timmah????

Pehaps its just your an inbred fucking idiot problem?

How about its just your an arse licking banker apologist twat?

Or you could just be plain fucking stupid you ugly little fuckward.

Fri, 05/18/2012 - 03:44 | 2438779 Catullus
Catullus's picture

Timmy, you were at the helm of the NY Fed for the entire housing bubble it's collapse.  You orchestrated the response.  This whole fucking thing is your fault.  You threw the mistakes of the banks that you allowed to inflate like this onto the public balance sheet and now you're shocked when people don't want to raise the debt limit.  And what's more MANY PEOPLE IN 2008 SAID THAT THIS WOULDN'T WORK. NOT HAVING A COMPLETE COLLAPSE OF WESTERN FINANCE IS NOT AN ACCOMPLISHMENT

This guy is the reason Obama shouldn't get re-elected.  Though I fear the other unoriginal, northeast hedge fund baby just as much. 

 

Fri, 05/18/2012 - 04:36 | 2438794 Poor Grogman
Poor Grogman's picture

Nothing makes you realize how truly ruined the west is more than these guys trying to "restore your confidence".

It's like the used car salesman that keeps trying to sell you the same lemon, over and over.

He never appears to understand that you are never going to buy anything from him, least of all "that car".

The gig is up, soon the cards will fall where they must.

Fri, 05/18/2012 - 09:30 | 2439286 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Yeah.  Restore people's jobs & the value of their money 1st & THAT will restore their confidence.

Fri, 05/18/2012 - 15:24 | 2441416 neidermeyer
neidermeyer's picture

I have a huge headache ... Turbo Tim is so far out of touch it's not funny .. I sincerely believe that HE believes what he says... You hit it with the sales weasel talk ... I was thinking "Joe Isuzu" the whole time ... except I would enjoy hanging with Joe Isuzu..

Fri, 05/18/2012 - 05:18 | 2438804 israhole
israhole's picture

Why does Timmy the tax cheat always look like he needs to drop a grumpy?  Somebody needs to put some fiber in his diet.

Fri, 05/18/2012 - 05:51 | 2438821 Mitzibitzi
Mitzibitzi's picture

Yeah. Shove a fucking holly branch down his throat!

Fri, 05/18/2012 - 05:32 | 2438809 blueridgeviews
blueridgeviews's picture

Once a liar always a liar.

Fri, 05/18/2012 - 05:44 | 2438816 Cycle
Cycle's picture

Geithner is either a sycophantic scumsucking amoral sociopath, or he is an educated fool. His apology about Jamie Dimon's possible conflict of interest weighs towards the former interpretation.

Fri, 05/18/2012 - 06:13 | 2438833 BeetleBailey
BeetleBailey's picture

Pardon me if I don't watch the video. I've had enough of Geithner and his stupidity. A quick scan of the comments is more enlightening than anything DoucheTimmah has to say. He's said enough. Done too much.

That ANYONE would be for him (see: Max the Asshat Fischer) speaks to their sheer stupidty as well.

Death by hanging to all these political types. Both sides of the aisle. Public like.

20 Gallows. No waiting.

The Jon Corzine hanging is sold out. Blankfein matinee of a double hanging also SRO.

Larry Summers too fat to hang.

Watch the special "BIGGEST LOSER - FUDGED NUMBERS" to see Larry lose the werght necessary for proper hanging torque requirements.

Special priced seating in the Jeffersonian boxes.

Autographed pictures of Ron and Rand Paul on sale in the lobby.

Fri, 05/18/2012 - 07:54 | 2438966 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Larry Summers too fat to hang.

Watch the special "BIGGEST LOSER - FUDGED NUMBERS" to see Larry lose the werght necessary for proper hanging torque requirements.

Alternately, in a special episode of Whale Whores, Larry Summers is thrown into the sea near some Japanese whaling ships.

 

Fri, 05/18/2012 - 07:02 | 2438878 sumo
sumo's picture

He's gone full retard. Jesus H Christ, you never go full retard.

Fri, 05/18/2012 - 07:24 | 2438901 azzhatter
azzhatter's picture

It's a bit ironic that the stupidest motherfucker in government is also the stupidest looking motherfucker in government

Fri, 05/18/2012 - 07:46 | 2438931 DanDaley
DanDaley's picture

Ironic that hubris is a Greek word.

Hubris:  "Often indicates a loss of contact with reality and an overestimation of one's own competence or capabilities, especially when the person exhibiting it is in a position of power." Wikipedia

Fri, 05/18/2012 - 08:04 | 2438992 pcrs
pcrs's picture

Timmy: It's because the economy is growing so wonderfully that it's head, the elites, have reached the ceiling faster than expected.

Fri, 05/18/2012 - 08:19 | 2439017 TomGa
TomGa's picture

Even a bunch of Chinese students understand what a moron Little Timmy is.

 

Lil'Tim: "Your money is safe in U.S. Treasuries."

Chinese Students: "Bwah hah hah hah hah!"

 

Who can watch this kind of video in the morning without feeling mentally anguished the rest of the day?

Fri, 05/18/2012 - 08:19 | 2439033 pcrs
pcrs's picture

Education over there has improved with leaps and bounds it seems, it's no surprise that most scientific papers carry Chines names these days.

Fri, 05/18/2012 - 08:24 | 2439044 kita27
kita27's picture

Why are they holding this interview at what appears to be a fish monger?!

Fri, 05/18/2012 - 08:55 | 2439153 pcrs
pcrs's picture

to slap him around with a wet fish

Fri, 05/18/2012 - 08:27 | 2439051 wisefool
wisefool's picture

Timmah: Can you believe it? We're fighting these wars (unnessecary to start, after 10 years= satanic) we got a major crisis in Europe (not the USA's problem, we already hyperinflated via TARP they could do so as well).

These dolts in congress are willing to stand up and fight to keep some $80k/yr US plumber out of my IRS jails because that dude wont support these global agendas.

Meanwhile, I am so incompetent I can't do anything about the facebook dude leaving the country avoiding hundreds of millions in taxes. The IPO and capitol gains revolves around american citizens putting drunk boobie pictures on the internet. Something we've always wanted to be able to tax. This makes me so mad. Bring me the file on that plumber. I hope he likes prison food. /Timmah

 

Fri, 05/18/2012 - 08:26 | 2439054 UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

I hope the two workers in the background arn't hearing any of this!

Fri, 05/18/2012 - 09:23 | 2439253 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Pick any person that wrote a comment after the article & they are just as qualified, if not more, than Little Timmy Geithner.  The man is an idiot.

Fri, 05/18/2012 - 09:26 | 2439261 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

U could fill in all of Geithner's answers with "Bla bla bla bla bla" & U'd be just as well informed.

Fri, 05/18/2012 - 09:26 | 2439263 Jim B
Jim B's picture

Timmy you are the vampire squid's muppet!

Fri, 05/18/2012 - 09:28 | 2439268 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Why is Conan O'Brien being interviewed???

Fri, 05/18/2012 - 10:36 | 2439701 Gabriel420jr.
Gabriel420jr.'s picture

The man is a politician who will say anything to get into a higher position of power. F.A. Hayek was right when he stated - in government the worst rise to the top because they are willing to lie, cheat, steal, demagogue and kill. Compared to business where you rise to the top only if you are industrious! And the die hard liberals and progressives want to convince us it is the businessman we should fear. HAH!

 

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