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Blast From The Past: "Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

Tyler Durden's picture




 

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.......

Full clip:

 

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Thu, 07/28/2011 - 09:25 | 1500725 Mongo
Mongo's picture

Send him back to the planet he came from...

Thu, 07/28/2011 - 09:43 | 1500816 TheTmfreak
TheTmfreak's picture

Should anybody be surprised why we are having a "situation now" when the toolbags at the helm are oblivious to the obvious?

Thu, 07/28/2011 - 11:05 | 1501153 the mad hatter
the mad hatter's picture

subprime and AAA securities were also "risk free"

Thu, 07/28/2011 - 11:19 | 1501186 TheTmfreak
TheTmfreak's picture

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.

Thu, 07/28/2011 - 10:36 | 1501030 clymer
clymer's picture

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

Thu, 07/28/2011 - 10:50 | 1501112 Divided States ...
Divided States of America's picture

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.

Thu, 07/28/2011 - 11:39 | 1501238 Taint Boil
Taint Boil's picture

\__

\__

"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 ............

Thu, 07/28/2011 - 12:16 | 1501354 clymer
clymer's picture

Someone should reunite him and his long lost bro..

 

http://t1.gstatic.com/images?q=tbn:ANd9GcSyFQ_3YJEk-knNxJAuym3ve6krAmfJ6...

Thu, 07/28/2011 - 09:52 | 1500851 DaveyJones
DaveyJones's picture

Mr. Geithner is there a risk that Santa Claus is not real?

Thu, 07/28/2011 - 10:11 | 1500925 BurningFuld
BurningFuld's picture

No Risk at all. Berry has assured me.

Thu, 07/28/2011 - 10:13 | 1500929 BurningFuld
BurningFuld's picture

No Risk at all. Berry has assured me.  Ooopsy!

Thu, 07/28/2011 - 10:24 | 1500989 DeadFred
DeadFred's picture

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.

Thu, 07/28/2011 - 10:13 | 1500936 Scisco
Scisco's picture

I think WB needs to add Tim to Planet 0 inhabitants.

Thu, 07/28/2011 - 10:40 | 1501074 Cvillian
Cvillian's picture

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? 

Thu, 07/28/2011 - 09:26 | 1500731 TSA Thug
TSA Thug's picture

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

Thu, 07/28/2011 - 09:34 | 1500773 gmrpeabody
gmrpeabody's picture

I believe the question was... will the US be downgraded? What did Rush have to say about that?

Thu, 07/28/2011 - 09:39 | 1500800 Temporalist
Temporalist's picture

He said "Where's my oxycodone?"

Thu, 07/28/2011 - 09:40 | 1500804 TSA Thug
TSA Thug's picture

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

Thu, 07/28/2011 - 09:49 | 1500847 gmrpeabody
gmrpeabody's picture

ROFLMAO.... boo-bears..... too funny!

Good luck with that no risk!!

Thu, 07/28/2011 - 09:53 | 1500862 r101958
r101958's picture

"and their opinions are closely held secrets"

Bwahahahahahhahhaaahhhhhhaaaaa. That was a good one.

Thu, 07/28/2011 - 09:45 | 1500829 Hearst
Hearst's picture

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.

Thu, 07/28/2011 - 09:53 | 1500860 TSA Thug
TSA Thug's picture

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

Thu, 07/28/2011 - 10:00 | 1500887 gmrpeabody
gmrpeabody's picture

TYLER.... why do you make us beg for an IGNORE button?

Thu, 07/28/2011 - 14:25 | 1501754 Fascist Dictator
Fascist Dictator's picture

You need to implore Sacrilege for that.

Thu, 07/28/2011 - 10:05 | 1500900 Esso
Esso's picture

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?

Thu, 07/28/2011 - 09:27 | 1500735 Xibalba
Xibalba's picture

"Subprime is contained"

Thu, 07/28/2011 - 09:28 | 1500742 LRC Fan
LRC Fan's picture

+1

Also, "gold isn't money"

Thu, 07/28/2011 - 09:33 | 1500772 101 years and c...
101 years and counting's picture

You forget such classics as:  "I will not monetize the debt" and "I can kill inflation in 15 minutes"

Thu, 07/28/2011 - 09:46 | 1500830 Temporalist
Temporalist's picture

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."

 

Thu, 07/28/2011 - 09:47 | 1500837 Temporalist
Temporalist's picture

(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 Cry

http://theeconomiccollapseblog.com/archives/say-what-30-ben-bernanke-quo...

Thu, 07/28/2011 - 09:50 | 1500848 Cash_is_Trash
Cash_is_Trash's picture

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.

Thu, 07/28/2011 - 09:43 | 1500817 sumo
sumo's picture

green shoots on the soft patch

Thu, 07/28/2011 - 09:27 | 1500739 oogs66
oogs66's picture

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.

Thu, 07/28/2011 - 09:27 | 1500741 Turd Ferguson
Turd Ferguson's picture

And what color is the sky in your imaginary world, Timmy?

Thu, 07/28/2011 - 09:44 | 1500821 -Michelle-
-Michelle-'s picture

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.

Thu, 07/28/2011 - 10:15 | 1500952 Scisco
Scisco's picture

It's a double rainbow all the way.

Thu, 07/28/2011 - 09:29 | 1500743 tooktheredpill
tooktheredpill's picture

No risk. Just like 2007 CDO's.

Thu, 07/28/2011 - 09:30 | 1500746 Dreadker
Dreadker's picture

Tim thought he meant their American Automobile Association credit rating.... simple mistake to make LOL

Thu, 07/28/2011 - 09:35 | 1500783 SilverIsKing
SilverIsKing's picture

The AAA is closer to AAA than the USA

Thu, 07/28/2011 - 09:46 | 1500831 Fish Gone Bad
Fish Gone Bad's picture

The USA is probably closer to AA.  Hi, I'm the USA and I have a drinking problem...

Thu, 07/28/2011 - 09:57 | 1500877 Cash_is_Trash
Cash_is_Trash's picture

Hi, my name's Japan and I've got debt-to-GDP that will blow your socks off.

Thu, 07/28/2011 - 09:58 | 1500882 Dr. Richard Head
Dr. Richard Head's picture

So the United States is a half-step away from 12-step?  HAHAHAA

Thu, 07/28/2011 - 10:11 | 1500920 Esso
Esso's picture

So that means we'll have to borrow eleven and a half steps, right?

Thu, 07/28/2011 - 10:25 | 1500991 Dr. Richard Head
Dr. Richard Head's picture

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.

Thu, 07/28/2011 - 13:30 | 1501596 A Nanny Moose
A Nanny Moose's picture

AA is for quitters

Thu, 07/28/2011 - 09:30 | 1500749 Everybodys All ...
Everybodys All American's picture

Clinical study of the entire administration.

Thu, 07/28/2011 - 09:30 | 1500752 PeeTee
PeeTee's picture

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.

Thu, 07/28/2011 - 09:32 | 1500767 PeeTee
PeeTee's picture

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.

Thu, 07/28/2011 - 09:45 | 1500827 indygo55
indygo55's picture

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

 

 

Thu, 07/28/2011 - 09:31 | 1500754 FubarNation
FubarNation's picture

Things are getting better, getting better all the time.

Thu, 07/28/2011 - 09:31 | 1500757 GoinFawr
GoinFawr's picture

Next time just put the video in the frame upside down and play the audio backwards; it will make more sense.

Thu, 07/28/2011 - 09:31 | 1500758 MarcusLCrassus
MarcusLCrassus's picture

Well that's good to hear.  Glad we don't have to worry about that anymore. 

Thu, 07/28/2011 - 09:37 | 1500795 dropdeadfed
dropdeadfed's picture

:)

Thu, 07/28/2011 - 09:32 | 1500760 Raskolnikoff
Raskolnikoff's picture

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. 

Thu, 07/28/2011 - 09:32 | 1500762 ibjamming
ibjamming's picture

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?

Thu, 07/28/2011 - 09:37 | 1500794 VisualCSharp
VisualCSharp's picture

Who benefits? We ALL benefit from the truth.

Thu, 07/28/2011 - 09:40 | 1500799 drivenZ
drivenZ's picture

some would argue, the bandaid needs to be ripped...if not, the slow painful death for everyone continues.       

Thu, 07/28/2011 - 09:32 | 1500763 fuu
fuu's picture

Lies, lies, lies.

Thu, 07/28/2011 - 09:32 | 1500764 kridkrid
kridkrid's picture

These are not the droids you're looking for..

Go about your busines...

Move along...

http://www.youtube.com/watch?v=CnjaUoR15dU

Thu, 07/28/2011 - 09:33 | 1500766 Coldfire
Coldfire's picture

Of course, he would say that.

Thu, 07/28/2011 - 09:33 | 1500768 eurusdog
eurusdog's picture

Amazing how he can disregard what is staring him in face!

Thu, 07/28/2011 - 09:35 | 1500782 midtowng
midtowng's picture

Well, someone had to officially deny it. Otherwise how would we know it is true?

Thu, 07/28/2011 - 09:33 | 1500769 midtowng
midtowng's picture

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?

Thu, 07/28/2011 - 09:34 | 1500776 Astute Investor
Astute Investor's picture

Under what timeframe?  There is no risk that the U.S. will lose it's AAA rating by tomorrow.  Next week?  "No comment...."

Thu, 07/28/2011 - 09:34 | 1500778 malikai
malikai's picture

I want those 7 minutes back.

Thu, 07/28/2011 - 09:35 | 1500779 Bruce Krasting
Bruce Krasting's picture

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.

 

Thu, 07/28/2011 - 09:37 | 1500796 malikai
malikai's picture

To be replaced by Dimon? No change.

Thu, 07/28/2011 - 09:56 | 1500874 r101958
r101958's picture

Not the reason, just the facilitator.

Thu, 07/28/2011 - 10:05 | 1500901 TSA Thug
TSA Thug's picture

"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

Thu, 07/28/2011 - 09:35 | 1500780 swissinv
swissinv's picture

"...we could live over our means indefinitely..." - Well, I haven't known that the USD can drop below of zero...

Thu, 07/28/2011 - 09:37 | 1500793 snowball777
snowball777's picture

He did fail to mention that it would involve a thermonuke war in which all our creditors were simultaneously vaporized.

Thu, 07/28/2011 - 10:08 | 1500910 TSA Thug
TSA Thug's picture

Stupid comment. -1 4u. Watch what you say.

--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA

Thu, 07/28/2011 - 09:35 | 1500784 snowball777
snowball777's picture

Timmay, you should never play poker.

Thu, 07/28/2011 - 09:37 | 1500785 kaiten
kaiten's picture

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.

Thu, 07/28/2011 - 09:35 | 1500786 JSD
JSD's picture

"What is this 'Risk' word you speak of?"

Thu, 07/28/2011 - 09:36 | 1500789 march52011
march52011's picture

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.

Thu, 07/28/2011 - 09:46 | 1500833 ziggy59
ziggy59's picture

its called ki$$A$$...and dont bite the hand that feeds you..aka corrupt!

Thu, 07/28/2011 - 10:03 | 1500894 JSD
JSD's picture

Two words...TOP GUN.

Thu, 07/28/2011 - 09:37 | 1500791 Silver Dreamer
Silver Dreamer's picture

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?

Thu, 07/28/2011 - 09:43 | 1500818 The Chuckling Cunt
The Chuckling Cunt's picture

NO MEANS YES AND YES MEANS AAANAL

Thu, 07/28/2011 - 09:37 | 1500797 Seasmoke
Seasmoke's picture

so tim, would you like to bet your life on that ?

Thu, 07/28/2011 - 09:40 | 1500807 Silver Dreamer
Silver Dreamer's picture

Real consequences for being wrong are only for us "little people."

Thu, 07/28/2011 - 09:39 | 1500801 DaveyJones
DaveyJones's picture

What's more amazing than his lies is our expectation that he wont

Thu, 07/28/2011 - 09:39 | 1500802 lizzy36
lizzy36's picture

Foreseeable future can't come soon enough.

Thu, 07/28/2011 - 09:40 | 1500805 alangreedspank
alangreedspank's picture

 

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...

 

Thu, 07/28/2011 - 09:40 | 1500806 Clint Liquor
Clint Liquor's picture

Should'nt Geithner be in a Hollow Tree making cookies?

Thu, 07/28/2011 - 09:41 | 1500809 Global Hunter
Global Hunter's picture

"Just a bit outsiiiiide."

Thu, 07/28/2011 - 09:42 | 1500810 ArkansasAngie
ArkansasAngie's picture

Fire the SOB.  Today ... not tomorrow.

I don't think Washington uderstands how pissed off people are getting.

 

Thu, 07/28/2011 - 09:43 | 1500815 Agent P
Agent P's picture

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."

Thu, 07/28/2011 - 09:47 | 1500835 euphoria
euphoria's picture

TIMMAH!!!!!

 

Thu, 07/28/2011 - 09:49 | 1500844 SheepDog-One
SheepDog-One's picture

Look, you just have to think like a sneaky little shit. There is no risk of default at all until default HAPPENS, then it was 'baked in'.

Thu, 07/28/2011 - 09:51 | 1500849 holdbuysell
holdbuysell's picture

Next up, he'll use that notorious quote from his European brethren: "When things get serious, you have to lie."

Thu, 07/28/2011 - 09:52 | 1500853 Dr. Engali
Dr. Engali's picture

Of course they will keep their triple AAA rating. According to S&P , and the othe major firms. Especially when big brother is involved. I really can't stand to look at his weaselly frat boy face. It's like the treasury is being run by a Disney character.

Thu, 07/28/2011 - 10:27 | 1501005 Agent P
Agent P's picture

Hey...

Thu, 07/28/2011 - 09:52 | 1500854 Smiddywesson
Smiddywesson's picture

"The US is committed to a strong dollar policy" - GW Bush, Timmy Geithner, Obama, Hank Paulson, you name it.  (insert Chinese student laughter here)

There is no appreciable inflation.  - Ben Bernanke

The fall of the Mark has nothing to do with the printing of money and is directly attributable to the currency exchange."  Weimar Germany's party line

Thu, 07/28/2011 - 09:52 | 1500856 Temporalist
Temporalist's picture
Bernanke Was Wrong About Savings Glut: New Paper

"“Global imbalances have little to say about the patterns of global intermediation behind the credit boom and the transmission of the turmoil or about the determination of market interest rates,” write Claudio Borio, a Bank for International Settlements researcher, and Piti Disyatat, of the Bank of Thailand."

http://blogs.wsj.com/marketbeat/2011/07/26/bernanke-was-wrong-about-a-sa...

 

Thu, 07/28/2011 - 12:01 | 1501316 malek
malek's picture

Writing a paper to disprove nonsense is just taking part in the game...

Thu, 07/28/2011 - 09:53 | 1500859 pazmaker
pazmaker's picture

First they(Obama)  tell us the sky is falling and we are on the verge of destruction then Geithner says no chance our AA rating goes away...these ass clowns can't even lie good!

Thu, 07/28/2011 - 09:54 | 1500864 JSD
JSD's picture

Do not try to manage your risk...that's impossible.  Instead, only try to realize the truth: there is no risk.

Thu, 07/28/2011 - 09:54 | 1500867 pods
pods's picture

Tis but a flesh wound!

pods

Thu, 07/28/2011 - 09:55 | 1500868 mess nonster
mess nonster's picture

Ah, the difference 9 1/2 weeks can make. Timbo souds so confident. "Let's not wait until the middle of June {to raise the debt ceiling]" he says... what I want to see is the same interview, in the same room, today, and the two videos side by side. Now that's entertainment!

Thu, 07/28/2011 - 09:57 | 1500878 Silverhog
Silverhog's picture

He was hired to Lie. That's his job. Like his tax return, he's just not very good at it.

Thu, 07/28/2011 - 10:01 | 1500891 bania
bania's picture

***BANIA'S JOKE OF THE DAY***

"65% of people say that cheating on your income tax is worse than cheating on your spouse. The other 35% were Treasury Secretaries."

Thu, 07/28/2011 - 11:14 | 1501169 TSA Thug
TSA Thug's picture

The numbers seem legit.

Cheat on your taxes and you will get dick cut off.

Cheat on your spouse and you might get your dick cut off.

Fuck with the TSA and we'll rip your dick off and feed it to the fucking spinning turbines!

.

--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA

Thu, 07/28/2011 - 10:06 | 1500905 Caveman93
Caveman93's picture

I have visions of Krugerands and the words "Diplomatic Immunity" keep ringing in my head for some reason. 

Thu, 07/28/2011 - 10:09 | 1500914 sullymandias
sullymandias's picture

Come on guys, give him a break, he's just honoring the constitution.

"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."

http://en.wikipedia.org/wiki/Fourteenth_Amendment_to_the_United_States_Constitution#Text

 

Thu, 07/28/2011 - 10:11 | 1500922 Happy Days
Happy Days's picture

To borrow a phrase from ZH:

On a long enough time line, the survival rate of the dollar and other paper drops to zero

You can "bank" on it.

Further, why would anyone even ask such a question to Timmah? Does anyone actually think he'd tell the truth?...geez

 

 

Thu, 07/28/2011 - 10:11 | 1500923 Downtoolong
Downtoolong's picture

Aren't credit ratings a decision for the rating agencies to make?

Oh right, I forgot who controls the rating agencies.

 

Thu, 07/28/2011 - 10:13 | 1500937 ComeAndTakeIt
ComeAndTakeIt's picture

I'm not 100% on this, but I'm pretty sure that "Geithner" translates from German to "dickless weasel".

Thu, 07/28/2011 - 10:19 | 1500970 vast-dom
vast-dom's picture

"if you listen carefully" "if you look carefully" you hear and see a lying sack of shit. 

"lock in some reforms"? the first step would be to indict Timmy et al. Unwind the markets. And then someone may utter the word "reform".

 

"you don't want to call into question the creditworthiness of America" -- too late you lying sack of shit Timmy boy!

Thu, 07/28/2011 - 10:29 | 1501009 Cvillian
Cvillian's picture

This guy is lucky to have a job. Such arrogance and so utterly clueless. This was just a few months ago. It's not like it was years ago that he said that.

To those that would say, "what could he have said", I submit that he could have said, "Yes, it's entirely possible that the United State's credit rating could be downgraded, anything is possible. It is important that we tackle our deficit and begin to pay off the significant amount of debt we've accumulated over the past 15 years."

Thu, 07/28/2011 - 10:29 | 1501014 GFORCE
GFORCE's picture

The pointless Dagong should look a little closer to home for some downgrade action.

Tim n co already know the outcome of this ceiling debate. The current pantomime will merely allow its passage.

 

Thu, 07/28/2011 - 10:34 | 1501040 glenlloyd
glenlloyd's picture

Ah...another worthless quote from the keebler elf

Thu, 07/28/2011 - 10:58 | 1501136 Libertarian777
Libertarian777's picture

Why are you all upset? Remember, when things are 'this serious' one 'has to lie'.

:-)

Thu, 07/28/2011 - 11:11 | 1501162 roccman
roccman's picture

"growth strategy"

 

I have news for you timmay...peak oil is going to be jammed up your "growth forward" ass.... sideways.

a ten year plan? riiiiight...in tens years USA will look a lot like North Korea...or worse

what a sham

Thu, 07/28/2011 - 11:20 | 1501188 ManyWeapons
ManyWeapons's picture

This scum should be thrown in jail for treason - When shit hits the fan he will be on vacation at an undisclosed location issuing a statement "Remember, we inherited this mess". -- unreal. 

Thu, 07/28/2011 - 11:27 | 1501202 jack stephan
jack stephan's picture
London calling, yeah, I was there, too An' you know what they said? Well, some of it was true! London calling at the top of the dial After all this, won't you give me a smile?

timmy is a thoughtless robotic shell of an idiot and the reason he probably does it, is for the same reason colin powell did it. Why they all do, crony nepotism in positions of power. But eventually their kids and grandkids will meet our kids and grandkids and the rest writes itself.
Thu, 07/28/2011 - 11:41 | 1501245 JW n FL
JW n FL's picture

Those Poor Bankers are just going to have too make that much more money!

America is a Mo Betta Risky! Up the interest! Payments!

Sux to be a Banker!

Thanks Washington DC!! the Lobby Check is in the Mail! Dont forget our Subsidies!!

Thu, 07/28/2011 - 13:12 | 1501540 redarrow
redarrow's picture

Sure his insight into matters are as profound as his welcome to the recovery op-ed last year.  

Fri, 07/29/2011 - 03:47 | 1503659 qing
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