Blast From The Past: "Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"
All you need to know (from April 2011):
Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”
Geithner’s response: “No risk of that.”
“No risk?” Barnes asked.
“No risk,” Geithner said.
Uhm.......
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Send him back to the planet he came from...
Should anybody be surprised why we are having a "situation now" when the toolbags at the helm are oblivious to the obvious?
subprime and AAA securities were also "risk free"
This is just the fact of life. Anybody who tells you there are guarrantees or no risks on something, they're bringing your defenses down, I'd argue for their gain.
Dooh.....
it's painful watching this brillo-headed clown fumble around for verbiage, like a stroke victim with a broken jaw.
trust-funded puke
sounds like a cross between Tom Brokaw and mayor menino
I think the dialogue went like this:
Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”
Geithner’s response: “No clue of that.”
“YES or NO?” Barnes asked.
“No clue,” Geithner said.
\__
\__
"it's painful watching this brillo-headed clown fumble around for verbiage, like a stroke victim with a broken jaw".
That made me laugh - I'm gonna have to steal that from you ............
Someone should reunite him and his long lost bro..
http://t1.gstatic.com/images?q=tbn:ANd9GcSyFQ_3YJEk-knNxJAuym3ve6krAmfJ6...
Mr. Geithner is there a risk that Santa Claus is not real?
No Risk at all. Berry has assured me.
No Risk at all. Berry has assured me. Ooopsy!
Timmy is aware that all the top execs of the rating agencies have 'guests' from the Department of Homeland Security living with their families. No downgrade.
I think WB needs to add Tim to Planet 0 inhabitants.
I think he was expecting:
Sir, it's a simple question. A baby could answer it.
If you were a hot dog, would you eat yourself?
I don't think he's bluffing. Even Rush said no chance of default.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
I believe the question was... will the US be downgraded? What did Rush have to say about that?
He said "Where's my oxycodone?"
It does not matter what Rush has to say about that. All that matters is what the RA's have to say and their opinions are closely held secrets.
Is there risk as defined by the paranoid boo-bears? Yes.
Is there risk as defined by people with their feet firmly planted? No.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
ROFLMAO.... boo-bears..... too funny!
Good luck with that no risk!!
"and their opinions are closely held secrets"
Bwahahahahahhahhaaahhhhhhaaaaa. That was a good one.
The rating agencies are agents of Washington. I'd be bettin' the levy will hold.. That is until the Dollar is completely destroyed which at this pace of devaluation wont be long.
This subversive talk about your conspiracy theories is nonsense and will soon be stopped. You can bank on it.
The dollar is being managed in an appropriate fashion given current demand for this asset.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
TYLER.... why do you make us beg for an IGNORE button?
You need to implore Sacrilege for that.
Ah, c'mon, the dollar's fine back here on the stern of the Titanic.
It's them Europes on the bow that are in trouble.
We'll be fine...Wait...What? Why are my feet wet & cold?
"Subprime is contained"
+1
Also, "gold isn't money"
You forget such classics as: "I will not monetize the debt" and "I can kill inflation in 15 minutes"
Re: Housing bubble "It's a pretty unlikely possibility; we've never had a decline in house prices on a nationwide basis. ...I don't think it's going to drive the economy from its full employment path though."
(January 10, 2008) "The Federal Reserve is not currently forecasting a recession."
Say What? 30 Ben Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cryhttp://theeconomiccollapseblog.com/archives/say-what-30-ben-bernanke-quo...
Interviewer: Ben why don't you rape your mother?
Lexmark Ben: Tradition. I don't rape her because it's not customary.
Man, this guy needs no attorneys, his arguments are just fuckin' brilliant.
green shoots on the soft patch
ballsy or just stupid? and we should lose it, we are letting it get out of control and don't behave like a AAA entity.
And what color is the sky in your imaginary world, Timmy?
It's just one big shiny rainbow. And Obama's face is the sun. In other words, it's like an even creepier Teletubbies. Timmytubbies.
It's a double rainbow all the way.
No risk. Just like 2007 CDO's.
Tim thought he meant their American Automobile Association credit rating.... simple mistake to make LOL
The AAA is closer to AAA than the USA
The USA is probably closer to AA. Hi, I'm the USA and I have a drinking problem...
Hi, my name's Japan and I've got debt-to-GDP that will blow your socks off.
So the United States is a half-step away from 12-step? HAHAHAA
So that means we'll have to borrow eleven and a half steps, right?
Winner, winner! Chicken dinner!
Just like an alcoholic can cure his/her addiction with more alcohol, the US can solve its debt problem with more debt. Wait a second here.......
The talk of the use of the 14th amendment really has me puzzled. It states that the debt will not be questioned, however no one is questioning paying back the debt. The question revolves around adding additional debt.
As usual, the document that is supposed to protect the people is being used to subvert the people. People defending any ofthese pricks are either dellusional or on the Federales payroll. Fuck them either way.
AA is for quitters
Clinical study of the entire administration.
It's a stupid way to put it anyway.
Risk = probability x consequence.
Even if the man really believes the probability is nonexistent (i.e. "very small"), the consequence is significant. So the risk cannot be zero.
Idiot.
It's also very cool that this message "there is no risk for default" is actually breaking news. So that means the normal situation (i.e. the one not requiring this "breaking news") is that, well, there is a near-certainty for default.
Ouch.
Yes but this was from April 2011. I wonder how he would answer the question today? Oh,,, never mind. I just realized it would be the same. Silly rabbit, Trix are for kids! Never mind
Things are getting better, getting better all the time.
Next time just put the video in the frame upside down and play the audio backwards; it will make more sense.
Well that's good to hear. Glad we don't have to worry about that anymore.
:)
I'm amazed people still take these credit rating agencies seriously.
It's like companies still wanting Authur Andersen to do audit work for them.
Come on...NOBODY wants to see it all collapse...I agree, no ratings cut.
A lot of "plane crashes" would happen if one of the major raters did cut the rating. Who benefits?
Who benefits? We ALL benefit from the truth.
some would argue, the bandaid needs to be ripped...if not, the slow painful death for everyone continues.
Lies, lies, lies.
These are not the droids you're looking for..
Go about your busines...
Move along...
http://www.youtube.com/watch?v=CnjaUoR15dU
Of course, he would say that.
Amazing how he can disregard what is staring him in face!
Well, someone had to officially deny it. Otherwise how would we know it is true?
That's a relief. I was starting to get worried. But if G-Man says there is nothing to worry about, who am I to question?
Under what timeframe? There is no risk that the U.S. will lose it's AAA rating by tomorrow. Next week? "No comment...."
I want those 7 minutes back.
The reason we are in this mess today is Tim Geithner. That he said these things not long ago proves the point.
There is only one silver lining to the insanity that is now on top of us. Tim Geithner will not be the Treasury Secretary for much longer. He will be gone by the end of the year. It could happen as soon as September.
That would make me happy.
To be replaced by Dimon? No change.
Not the reason, just the facilitator.
"The reason we are in this mess today is Tim Geithner."
Wow you've got the binders on, huh... Nice tunnel vision would you be my investment adviser? Duh!
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
"...we could live over our means indefinitely..." - Well, I haven't known that the USD can drop below of zero...
He did fail to mention that it would involve a thermonuke war in which all our creditors were simultaneously vaporized.
Stupid comment. -1 4u. Watch what you say.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
Timmay, you should never play poker.
Of course, there´s no risk for downgrade. Rating agencies would never dare to do that. They are a part of the bankster mafia that caused this whole mess. And Geithner knows that, as he´s an insider. Sure, realistically, US should have been downgraded long ago, but they just dont care about reality and about sheeple. AAA to infinity and beyond.
"What is this 'Risk' word you speak of?"
Can someone explain to me why the US deserves a AAA rating? What qualifies as a AAA rating? With our debt approaching 100% of GDP, 44 million people on food stamps, 9% "official" unemployment, multiple wars, and 1.5 trillion dollar deficit spending, I cannot compute how we qualify.
its called ki$$A$$...and dont bite the hand that feeds you..aka corrupt!
Two words...TOP GUN.
We have to remember who we are dealing with here. It all depends on the definition of "no." What's that old college saying about no and yes?
NO MEANS YES AND YES MEANS AAANAL
so tim, would you like to bet your life on that ?
Real consequences for being wrong are only for us "little people."
What's more amazing than his lies is our expectation that he wont
Foreseeable future can't come soon enough.
That's for those who say we need government to have some kind of accountability in the marketplace. Last time I checked, Timmy is still pocketing his check...
Should'nt Geithner be in a Hollow Tree making cookies?
"Just a bit outsiiiiide."
Fire the SOB. Today ... not tomorrow.
I don't think Washington uderstands how pissed off people are getting.
Follow Up Interview (coming soon):
Barnes: "Mr. Secretary. In light of the recent downgrade, would you care to comment on your previous statement?"
Geithner: "Umm, I didn't say the US could be never be downgraded. What I said was there is 'no risk' of that. You see, US Treasuries are still as risk free as ever."
Barnes: "Then why the downgrade."
Geithner: "Beeeeecause the ratings agencies don't know what they're talking about?"
Barnes: "Tim."
Geithner: "Beeeeecause AA is the new AAA?"
Barnes: "Tiiiimmmmm"
Geithner (hangs head): "Because I thought I'd be long gone before this happened."
Barnes: "Thank you."