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

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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

 

 

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