The Tax Cheating Treasury Secretary Lies Again

Tyler Durden's picture

Compare and contrast. This from Marketwatch yesterday: "Treasury Secretary Timothy Geithner is not going to Poland to push European finance ministers to boost the size of the euro-zone bailout fund, a U.S. official said Tuesday" to this just released from Reuters: "U.S. Treasury Secretary Timothy Geithner is likely to suggest to European finance ministers on Friday that they leverage their bailout fund along the lines of the U.S. TALF programme, EU officials said." And this: "Geithner will probably insist on the importance of leverage to have more funds to ringfence the big Europeans, Italy and Spain, and to find a solution for Greece," one EU official said. "The leveraging of the EFSF -- I think this is something that he will put on the table," the official said. "There could be some openness to the proposal." Read more here. All in all, just another  day for the world's biggest pathological liar, tax evader, and overall economic disaster since, well, ever.

For more vintage jackassness, see below:


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Mercury's picture

Traveling TARP/TALF 101 seminar with adjunct professor Timothy Geithner.

nope-1004's picture

Adjunct professor?

I prefer diabolical liar.  Slimy winey timmy-the-tiny.  Shifty eyed snake oil salesman.


DaveyJones's picture

he just works for the devil

his old boss and his new

Taku's picture

These guys think they can get away with anything (because many of them do). Who will be the patriots that bring him, Che-ney (forget?) et al to justice?

tonyw's picture

you just don't understand, he wasn't not going to Poland to push European finance, he was going to Poland for some other reason, but while he was there he might as well make use of....  or maybe not

these slimy creeps can change the meaning of what they say to almost anything.

Which is worse - bankers or terrorists's picture

It's pretty simple. Either Europe via the EFSF lends more or the US lends more to Europe to protect its banks. Do I have this correct?

reader2010's picture

You can find criminals at the top of all the institutions. Are we set up for a jubilee or what? 

john39's picture

jubilee?  not a chance... this needs to end, and "they" need to hang.

Hansel's picture

Jubilee? Ha!  Banks don't care about 'assets'; they care about having lots of indebted slaves.  Banks love this new system.

Everybodys All American's picture

Timmy Treason Geithner ... this guy is more and more seen to me as a plant for the globalist's.

Lets_Eat_Ben's picture

I think the move from the FED to the Treasurey dove-tailed with his prominent nose and donkey ears (suggestive of multi-generational imbreeding) tipped me off about 3 years ago.

treemagnet's picture

He always reminds me of an elf, without the elf suit and the shoes that curl up at the toes.  Why is that?

boom goes the dynamite's picture

because he only wears that outfit when he is in private meatings with Uncle Ben and Barry.

treemagnet's picture

Maybe, but in my world he's the mean spirited little fuck that tattles on everybody trying to get ahead of anyone using every dirty trick.  And the elf suit is always green.....

boom goes the dynamite's picture

rumor has it the elf suit has double re-inforced, quick change velcro knee pads so as to be able to respond quickly in the event of a crisis.

Grinder74's picture

"You must be a South Pole elf."

Lord Blankcheck's picture

He always remined me of a Kebbler Elf.

vegas's picture

Just another Obama useful idiot.

I pay no attention to anything he says.

xtop23's picture

 Jesus man these guys are insane.

 Sovereigns need to "lever up" LOL....... Really ?

 Financial terrorists.

Grinder74's picture

Stop trying to Christianize us; we only swear using Mohammed's name. </sarc>

Grinder74's picture

Stop trying to Christianize us; we only swear using Mohammed's name. </sarc>

Irish66's picture

Failed bank tba

DonBadajoz's picture

Its just a matter of time now folks... The more they borrow today the more they have to payback, if they pay it all back at all.

SheepDog-One's picture

Who did they borrow money from?

xtop23's picture

The US of course . Through that oh so useful backdoor of the FED ,

The guys adding 0's over there must be getting carpal-pedal spasms from all that frantic typing.

SheepDog-One's picture

Yep, borrowed from the ex-middle class now bankrupt, record high poverty americans. Keep borrowing from them yea thats the ticket!

DaveyJones's picture

beat me to it. Go iceland. we'll see your debt and raise you with a prison sentence

anto's picture

Just what we need, more leverage!


xtop23's picture

I was thinking about that article Reggie put out on BoomBust.

Aren't most sovereigns already levered up 30 or sometimes 40:1 ?

Good Lord. 

SheepDog-One's picture

LEVERAGED bailouts.....WOW what could possibly go wrong!

papaswamp's picture

Lost decades for Europe next...the people will be bailing out the banks for generations....

SheepDog-One's picture

And just think, here in Bizarro alternate universe, no one has even addressed the USA bankruptcy black hole yet, which makes Europe and everyone else look like nothing.

InMisesITrust's picture

bait and switch economics

SheepDog-One's picture

Uh, that a toupe? Has to be.

DaveyJones's picture

it's the hair of the dog that bit you

pamriallc's picture

So the description of Geithner is probably ly the moat irresponsible part of the post. A guy paid to create stability and least bad solutions while being Armstrong by existing policy. How fitting.g to blame those who have no chance to improve their position.

xtop23's picture

If you're attempting to come to little Timmy's defense you're;

A) Not doing it very eloquently,


B) not even close to being in the same dimension of the right website for finding sympathizers for that guy

orangedrinkandchips's picture

He is a desperate fuck. Liar through and through. I wish I were being sarcastic and placing blame incorrectly, but the incompetent fuck lied before and he will lie again....


off with his head!

doomandbloom's picture

if S&P ratings agency shuts down...will the ratings matter?

This is what is being planned.

lizzy36's picture

Here is the deal gang.

The kleptocrats are going to put EVERY facility in place to try and manage the contagion from when greece defaults (october-december).

Will they achieve a controlled default? NO. Greece is not Argentina. But they are going to pull every trick out of their hat, and then some.

Much better for the attempt at a controlled implosion at S&P 1200-1250, then S&P 1050-1100.

Expect the unexpected. Stay nimble. And don't worry about minute to minute gyrations.


SheepDog-One's picture

If this is the best tricks theyve got, this birthday party clown is fukin FIRED!

Tyler Durden's picture

As Peter Tchir said earlier:

If you think that Greece is going to default, as I do, and that the individual governments and central bankers are going to do all they can to prevent the problems getting out of control, this is a consistent step.  They may as well put in place as many things as possible in advance of a default.  Rather than scrambling and reacting to an announcement, they will put a lot in place in advance, and then, when the default occurs all they have to do is implement a few new and exceptional programs.

SheepDog-One's picture

'Implement a few new and exceptional programs'...welcome to the New World Order.

john39's picture

all by design.  this won't well unless they are all brought to rough justice... not the rigged court system...  the rope.

DaveyJones's picture

"may as well" is the naked part of that sentence 

lizzy36's picture

Great minds thinking alike.

Sweet that ZH brings them all together :)

mendigo's picture

it is their game, they make the rules, there are no bounds

there will be winners and losers along the way but they (TPTB) cannot lose

the rest of us can choose not to play, but...

anynonmous's picture


controlled default = default = chaos


orangedrinkandchips's picture

Seriously, he looks JUST LIKE BUTTHEAD FROM BEAVIS AND BUTTHEAD...huhuhuhuuh.....