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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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Thu, 09/15/2011 - 10:32 | 1673207 Mercury
Mercury's picture

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

Thu, 09/15/2011 - 10:35 | 1673238 nope-1004
nope-1004's picture

Adjunct professor?

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

 

Thu, 09/15/2011 - 10:54 | 1673343 DaveyJones
DaveyJones's picture

he just works for the devil

his old boss and his new

Thu, 09/15/2011 - 11:14 | 1673399 Taku
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?

Thu, 09/15/2011 - 11:57 | 1673618 tonyw
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.

Thu, 09/15/2011 - 10:47 | 1673306 Which is worse ...
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?

Thu, 09/15/2011 - 10:30 | 1673211 reader2010
reader2010's picture

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

Thu, 09/15/2011 - 11:01 | 1673377 john39
john39's picture

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

Thu, 09/15/2011 - 11:06 | 1673391 Hansel
Hansel's picture

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

Thu, 09/15/2011 - 10:41 | 1673212 Everybodys All ...
Everybodys All American's picture

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

Thu, 09/15/2011 - 11:39 | 1673545 Lets_Eat_Ben
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.

Thu, 09/15/2011 - 10:32 | 1673216 treemagnet
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?

Thu, 09/15/2011 - 10:34 | 1673227 boom goes the d...
boom goes the dynamite's picture

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

Thu, 09/15/2011 - 10:36 | 1673245 treemagnet
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.....

Thu, 09/15/2011 - 10:42 | 1673268 boom goes the d...
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.

Thu, 09/15/2011 - 10:44 | 1673275 Grinder74
Grinder74's picture

"You must be a South Pole elf."

Thu, 09/15/2011 - 10:58 | 1673367 Lord Blankcheck
Lord Blankcheck's picture

He always remined me of a Kebbler Elf.

Thu, 09/15/2011 - 10:33 | 1673220 vegas
vegas's picture

Just another Obama useful idiot.

I pay no attention to anything he says.

Thu, 09/15/2011 - 10:33 | 1673221 xtop23
xtop23's picture

 Jesus man these guys are insane.

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

 Financial terrorists.

Thu, 09/15/2011 - 10:44 | 1673284 Grinder74
Grinder74's picture

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

Thu, 09/15/2011 - 10:44 | 1673285 Grinder74
Grinder74's picture

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

Thu, 09/15/2011 - 10:33 | 1673223 Irish66
Irish66's picture

Failed bank tba

Thu, 09/15/2011 - 10:33 | 1673224 DonBadajoz
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.

Thu, 09/15/2011 - 10:36 | 1673241 SheepDog-One
SheepDog-One's picture

Who did they borrow money from?

Thu, 09/15/2011 - 10:39 | 1673257 xtop23
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.

Thu, 09/15/2011 - 11:02 | 1673380 SheepDog-One
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!

Thu, 09/15/2011 - 10:42 | 1673265 DaveyJones
DaveyJones's picture

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

Thu, 09/15/2011 - 10:34 | 1673229 anto
anto's picture

Just what we need, more leverage!

 

Thu, 09/15/2011 - 10:37 | 1673243 xtop23
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. 

Thu, 09/15/2011 - 10:35 | 1673232 SheepDog-One
SheepDog-One's picture

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

Thu, 09/15/2011 - 10:35 | 1673240 papaswamp
papaswamp's picture

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

Thu, 09/15/2011 - 10:38 | 1673248 SheepDog-One
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.

Thu, 09/15/2011 - 10:36 | 1673246 InMisesITrust
InMisesITrust's picture

bait and switch economics

Thu, 09/15/2011 - 10:40 | 1673260 SheepDog-One
SheepDog-One's picture

Uh, Timmah....is that a toupe? Has to be.

Thu, 09/15/2011 - 10:44 | 1673281 DaveyJones
DaveyJones's picture

it's the hair of the dog that bit you

Thu, 09/15/2011 - 10:40 | 1673262 pamriallc
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.

Thu, 09/15/2011 - 10:42 | 1673270 SheepDog-One
SheepDog-One's picture

What?

Thu, 09/15/2011 - 11:52 | 1673597 xtop23
xtop23's picture

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

A) Not doing it very eloquently,

and

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

Thu, 09/15/2011 - 10:40 | 1673263 orangedrinkandchips
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!

Thu, 09/15/2011 - 10:41 | 1673266 doomandbloom
doomandbloom's picture

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

This is what is being planned.

Thu, 09/15/2011 - 10:41 | 1673267 lizzy36
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.

 

Thu, 09/15/2011 - 10:44 | 1673278 SheepDog-One
SheepDog-One's picture

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

Thu, 09/15/2011 - 10:45 | 1673291 Tyler Durden
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.

Thu, 09/15/2011 - 10:49 | 1673320 SheepDog-One
SheepDog-One's picture

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

Thu, 09/15/2011 - 11:05 | 1673387 john39
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.

Thu, 09/15/2011 - 10:50 | 1673332 DaveyJones
DaveyJones's picture

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

Thu, 09/15/2011 - 10:56 | 1673356 lizzy36
lizzy36's picture

Great minds thinking alike.

Sweet that ZH brings them all together :)

Thu, 09/15/2011 - 12:47 | 1673787 mendigo
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...

Thu, 09/15/2011 - 10:47 | 1673305 anynonmous
anynonmous's picture

Thanks

controlled default = default = chaos

 

Thu, 09/15/2011 - 10:43 | 1673276 orangedrinkandchips
orangedrinkandchips's picture

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

 

 

Thu, 09/15/2011 - 10:44 | 1673283 orangedrinkandchips
orangedrinkandchips's picture

Better yet...."how many lies does it take to get to the center of a corrupt govt? One...two-hoooo, three!"

 

Three!

Thu, 09/15/2011 - 10:50 | 1673329 SheepDog-One
SheepDog-One's picture

You forgot to include leverage.

Thu, 09/15/2011 - 10:45 | 1673286 Segestan
Segestan's picture

The western system of governments is so broken the present ideas of democracy in the west cannot deal with the issues in a meaningful realistic manner. To many aspiring chiefs not enough loyal Indians.

Thu, 09/15/2011 - 10:45 | 1673287 QuietCorday
QuietCorday's picture

He's not going to Poland because the Poles know the euro is a pile of rotten cabbage and might utilise the new sniggering Chinese student interface in front of all them important Europe ministers.

The G aint gonna be laughed at again, I tells ya. 

Thu, 09/15/2011 - 10:45 | 1673288 Bansters-in-my-...
Bansters-in-my- feces's picture

Delusional Fuck Wadds.

When you's guys/girls going to make them stop playing MONOPOPLY.???

Thu, 09/15/2011 - 10:51 | 1673337 SheepDog-One
SheepDog-One's picture

Whats going to make them stop...Remember that PAINTING of a Chase bank burning they got so upset about? When thats actually happening.

Thu, 09/15/2011 - 10:55 | 1673354 DirtMerchant
DirtMerchant's picture

I would expect a false flag before that happens

Thu, 09/15/2011 - 11:00 | 1673374 SheepDog-One
SheepDog-One's picture

Yea, but then again the banks would still be burned to the ground. As an O/T, remember there are things blowing up although lid kept on by the media...the Fast n Furious Gun Runner story just blew up again as another murder scene was found with govt issued guns to drug cartels, Zerobama just caught in big lie about Solyndra 'Well Bush pumped them money too'....uh, no he didnt. 

Thu, 09/15/2011 - 10:46 | 1673298 mikmid
mikmid's picture

Having watched from the inside of an American oilfield firm from 1976 to 2000, I saw the leadership of the company become a bunch of lieing pricks, thinking only of their financial position and using blame to deflect thier poor decisions onto others. As the older honest men left the younger men played the corporate game with deciet, lies and ruthlessness.

There are many solutions being suggested for fixing our country but in my opinion the problems will only be fixed when honesty and integrity become the standard for corporations, politicians and the populas. I fear that a great fall must happen before such a transition will happen.

Thu, 09/15/2011 - 10:47 | 1673300 FMR Bankster
FMR Bankster's picture

You guys just don't understand high finance. Doesn't everyone by now understand the solution to too much debt is more debt

Thu, 09/15/2011 - 10:54 | 1673346 DirtMerchant
DirtMerchant's picture

you left out leveraging! Must increase leverage on the debt !

Thu, 09/15/2011 - 10:56 | 1673355 SheepDog-One
SheepDog-One's picture

Must.....leverage the debt....must.....levarage....bailouts....must..close....green!

Thu, 09/15/2011 - 10:55 | 1673353 Central Wanker
Central Wanker's picture

That's trivial. It's analogous to the fact that Fed has been punished for scewing up the economy by giving it unlimited powers.

Moral hazard, bitchez!

Thu, 09/15/2011 - 10:50 | 1673331 Atlantis Consigliore
Atlantis Consigliore's picture

I wanna spread this mkt, spread spread SPREAD,

 

$ 2 B loss at UBS  who cares, its europe, they re stealing there

as much as here in the next 12 Solyndra Calender months.

lets sell  Greece debt in French Banks at 60% on the dollar mark

to market, and buy 60% off fanny freddie mortgage loans in 

Florida, Nevada, California and and Arizona.

Call it the Barney Poop spread,  with a pic of Timmy liar loan,

eating it....nose curled up, ears extended, Berflunky cheering,

da crap da crap da crap?  like Tattoo...)

 

now wheres my Green energy loan application, i need $ 100 M 

before 2012 and I need it approved NOW NOW NOW....

 

Thu, 09/15/2011 - 10:54 | 1673347 Dreadker
Dreadker's picture

Do what I say!  Not what I do!... Bitchez!

Thu, 09/15/2011 - 10:57 | 1673360 Bastiat009
Bastiat009's picture

We all know that Geithner is a crook.

We all know that Bernanke is a crook.

We all know that banks steal because they couldn't survive otherwise.

And yet, we do nothing. It would be easy to physically overthrow a government that has no support in the population. I am sure that the UN would help since they can't stand governments of lying cheats.

Seriously, it's about time to get serious and put an end to this masquerade. The US was founded because some brave people stood up. It's about time we did the same.

Thu, 09/15/2011 - 11:10 | 1673410 Mitzibitzi
Mitzibitzi's picture

Well, well run banks could survive if they had to play by the rules. But they certainly couldn't make the kinds of profits that buy G650s and frigate-sized mega yachts.

Thu, 09/15/2011 - 10:59 | 1673370 eddiebe
eddiebe's picture

Tyler ' They may as well put in place as many things as possible in advance of a default '

Sounds right, that's probably why gold is being taken to the woodshed.

Thu, 09/15/2011 - 11:10 | 1673408 Robslob
Robslob's picture

Something is wrong with my video picture...the more Geethner talks the longer his nose gets...is anyone else having the same problem?

Thu, 09/15/2011 - 11:12 | 1673416 PulauHantu29
PulauHantu29's picture

We know who "wears the pants" in the O'bam/Bernank/Timmy Family.

Thu, 09/15/2011 - 11:21 | 1673467 bania
bania's picture

"vintage jackassness"... thanks for the chuckle boys.

Thu, 09/15/2011 - 11:27 | 1673494 NotApplicable
NotApplicable's picture

Lying? Why there's no such thing to a sophist, even a failing one like Timmah. In his eyes "suggesting" can never equal "pushing."

Besides, he doesn't have to use many words to make an offer that can't be refused anyway, as he's still carrying Kissinger's water.

Or is that a drool bucket?

Thu, 09/15/2011 - 11:52 | 1673593 CitizenPete
CitizenPete's picture

Monetary Systems and global fiat banking institutions are all a lie.   TG is just one of many corrupt pukes pulling the levers.

Thu, 09/15/2011 - 12:18 | 1673701 jjsilver
jjsilver's picture

Would you expect anything less from a group of confirmed criminals that creates money(debt) with your signature(consent) then loans it to you, then when you can't pay they take all your real assets. And just to make sure you don't get wise to their criminal enterprise, they dumb you down through the controlled media and education system. Top it off with fluoride in the water, toxic pharmaceuticals, chemtrails and electronic weapons.

Thu, 09/15/2011 - 12:27 | 1673733 Joebloinvestor
Joebloinvestor's picture

He said the US would "never be downgraded".

He said the EU would not face a "Lehman event",.

 

Waiting for Timmy to bat 1000 and to resign in humility.

 

The laughingstock of the Chinese.

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