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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 | Link to Comment Mongo
Mongo's picture

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

Thu, 07/28/2011 - 09:43 | Link to Comment 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 | Link to Comment the mad hatter
the mad hatter's picture

subprime and AAA securities were also "risk free"

Thu, 07/28/2011 - 11:19 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment DaveyJones
DaveyJones's picture

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

Thu, 07/28/2011 - 10:11 | Link to Comment BurningFuld
BurningFuld's picture

No Risk at all. Berry has assured me.

Thu, 07/28/2011 - 10:13 | Link to Comment BurningFuld
BurningFuld's picture

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

Thu, 07/28/2011 - 10:24 | Link to Comment 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 | Link to Comment Scisco
Scisco's picture

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

Thu, 07/28/2011 - 10:40 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Temporalist
Temporalist's picture

He said "Where's my oxycodone?"

Thu, 07/28/2011 - 09:40 | Link to Comment 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 | Link to Comment gmrpeabody
gmrpeabody's picture

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

Good luck with that no risk!!

Thu, 07/28/2011 - 09:53 | Link to Comment r101958
r101958's picture

"and their opinions are closely held secrets"

Bwahahahahahhahhaaahhhhhhaaaaa. That was a good one.

Thu, 07/28/2011 - 09:45 | Link to Comment 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 | Link to Comment 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 | Link to Comment gmrpeabody
gmrpeabody's picture

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

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

You need to implore Sacrilege for that.

Thu, 07/28/2011 - 10:05 | Link to Comment 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 | Link to Comment Xibalba
Xibalba's picture

"Subprime is contained"

Thu, 07/28/2011 - 09:28 | Link to Comment LRC Fan
LRC Fan's picture

+1

Also, "gold isn't money"

Thu, 07/28/2011 - 09:33 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment sumo
sumo's picture

green shoots on the soft patch

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

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

Thu, 07/28/2011 - 09:44 | Link to Comment -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 | Link to Comment Scisco
Scisco's picture

It's a double rainbow all the way.

Thu, 07/28/2011 - 09:29 | Link to Comment tooktheredpill
tooktheredpill's picture

No risk. Just like 2007 CDO's.

Thu, 07/28/2011 - 09:30 | Link to Comment 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 | Link to Comment SilverIsKing
SilverIsKing's picture

The AAA is closer to AAA than the USA

Thu, 07/28/2011 - 09:46 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Esso
Esso's picture

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

Thu, 07/28/2011 - 10:25 | Link to Comment 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 | Link to Comment A Nanny Moose
A Nanny Moose's picture

AA is for quitters

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

Clinical study of the entire administration.

Thu, 07/28/2011 - 09:30 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment FubarNation
FubarNation's picture

Things are getting better, getting better all the time.

Thu, 07/28/2011 - 09:31 | Link to Comment 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 | Link to Comment 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 | Link to Comment dropdeadfed
dropdeadfed's picture

:)

Thu, 07/28/2011 - 09:32 | Link to Comment 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 | Link to Comment 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 | Link to Comment VisualCSharp
VisualCSharp's picture

Who benefits? We ALL benefit from the truth.

Thu, 07/28/2011 - 09:40 | Link to Comment 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 | Link to Comment fuu
fuu's picture

Lies, lies, lies.

Thu, 07/28/2011 - 09:32 | Link to Comment 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 | Link to Comment Coldfire
Coldfire's picture

Of course, he would say that.

Thu, 07/28/2011 - 09:33 | Link to Comment eurusdog
eurusdog's picture

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

Thu, 07/28/2011 - 09:35 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment malikai
malikai's picture

I want those 7 minutes back.

Thu, 07/28/2011 - 09:35 | Link to Comment 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 | Link to Comment malikai
malikai's picture

To be replaced by Dimon? No change.

Thu, 07/28/2011 - 09:56 | Link to Comment r101958
r101958's picture

Not the reason, just the facilitator.

Thu, 07/28/2011 - 10:05 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment snowball777
snowball777's picture

Timmay, you should never play poker.

Thu, 07/28/2011 - 09:37 | Link to Comment 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 | Link to Comment JSD
JSD's picture

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

Thu, 07/28/2011 - 09:36 | Link to Comment 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 | Link to Comment ziggy59
ziggy59's picture

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

Thu, 07/28/2011 - 10:03 | Link to Comment JSD
JSD's picture

Two words...TOP GUN.

Thu, 07/28/2011 - 09:37 | Link to Comment 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 | Link to Comment The Chuckling Cunt
The Chuckling Cunt's picture

NO MEANS YES AND YES MEANS AAANAL

Thu, 07/28/2011 - 09:37 | Link to Comment Seasmoke
Seasmoke's picture

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

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

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

Thu, 07/28/2011 - 09:39 | Link to Comment DaveyJones
DaveyJones's picture

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

Thu, 07/28/2011 - 09:39 | Link to Comment lizzy36
lizzy36's picture

Foreseeable future can't come soon enough.

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

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

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

"Just a bit outsiiiiide."

Thu, 07/28/2011 - 09:42 | Link to Comment 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 | Link to Comment 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 | Link to Comment euphoria
euphoria's picture

TIMMAH!!!!!

 

Thu, 07/28/2011 - 09:49 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Agent P
Agent P's picture

Hey...

Thu, 07/28/2011 - 09:52 | Link to Comment 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 | Link to Comment 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 | Link to Comment malek
malek's picture

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

Thu, 07/28/2011 - 09:53 | Link to Comment 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 | Link to Comment 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 | Link to Comment pods
pods's picture

Tis but a flesh wound!

pods

Thu, 07/28/2011 - 09:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment glenlloyd
glenlloyd's picture

Ah...another worthless quote from the keebler elf

Thu, 07/28/2011 - 10:58 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment qing
qing's picture

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