Tim Geithner

Earlier today Tim Geithner was interviewed by Fox Business' Peter Barnes. The interview itself was not notable, with Timmy "Repo 105s are perfectly legal: I signed off on them myself" Geithner toeing the party line on issues such as a the Renminbi (It is a very important issue. It’s an important issue for China. I think China will decide it’s in their interest to move." - uh, right, just as soon as the US decides it is in its interest to tighten a couple of trillion in extra liquidity), trade wars (“No I’m not concerned about that.”) and other Houdini issues that just distract from the center piece of America's middle-to-klepto class wealth transfer.No, what was hilarious was Peter Barnes Freudian slip not once, but on two occasions: "Isn't the New York Fed Wall Street's representative?"... and even after an immediate and adamant refutation by tax challenged one, Barnes asks once again: "But [the Chairman of the FRBNY ] does represent Wall Street and its views." Leading to a response of "No....No...."

Hillarious Freudian slip or the absolute and unmitigated truth - you decide.

The meeting between the Greek Minister Of Prime Scapegoating and the US Secretary of Treasury Defrauding ("I used TurboTax") has ended "satisfactorily": idiotic lunacy, which we are now convinced has mutated and gone airborne, has spread and now Geithner is very likely infected. According to preliminary reports president Obama may be contagious as well. G-Pap is quoted by Market News as saying that "President Barack Obama gave a positive response to the European efforts to combat some aspects of market speculation that could destabilize markets and the euro." Seriously, is this just some sick, perverted scheme to make going long the dollar (short the euro) illegal? Can we just make it so much easier and simply hand Benny and the Inkjets the constitution to use as 1-ply Treasury Paper one of these days?

Juts headlines for now, paraphrasing Geithner's comments in the House Budget Q&A. We are confident the package will be offered only if perpetuation of the Ponzi scheme is safe and sound. Should the incremental 50% in debt hit the books at the current run-rate, America will likely become a B2/B rated junk credit.

Watch Tim Geithner's testimony before the Senate Finance Committee on the President's amusing 2011 budget live and commercial free, here. It is time someone asks why the GSEs continue getting the Federal Budget exemption.

We hope, although it is very unlikely, Senator Bunning somehow makes a guest appearance with some very directed questions.

Is it time to summon Davis Polk And Wardwell to provide testimony before Congress? New disclosure from the Huffington Post seems to indicate so.

Politico has obtained the phone log of conversations performed by then FRBNY President Tim Geithner during the period of the financial crisis, or specifically September 14, 2008 through the end of the year. Some of the people called include (many of them repeatedly) pretty much all the usual suspects... And who is mysterious ex-Goldmanite Dan Jester and why was he, together with another ex-Goldmanite, Hank Paulson, the first two people called the day Lehman filed?

Developing from Dow Jones: US Treasury - No Plans For One-off 2009 Bank Bonuses Tax; Bankers can sleep well.

The concentration of ownership in the financial services industry has resulted in higher bank fees and interest rates that consumers are forced to pay for credit cards, mortgages and other financial products.

No single financial institution should be so large that its failure would cause catastrophic risk to millions of American jobs or to our nation’s economic well-being.

No single financial institution should have holdings so extensive that its failure could send the world economy into crisis.

We believe it is time to break up the banks and insurance companies which are too big to fail.

Tim Geithner understands bubble peak demand and credit bubble pop supply.

For all with access to Bloomberg, run LTRA... For those who don't have bberg handy, here is the screen capture of Bloomberg's perfidious sense of humor.

Judging by the market, Bloomberg is actively developing its next critical "cointoss" function: [PPT] GO.

For all with access to Bloomberg, run LTRA... For those who don't have bberg handy, here is the screen capture of Bloomberg's perfidious sense of humor.

Judging by the market, Bloomberg is actively developing its next critical "cointoss" function: [PPT] GO.

For all with access to Bloomberg, run LTRA... For those who don't have bberg handy, here is the screen capture of Bloomberg's perfidious sense of humor.

Judging by the market, Bloomberg is actively developing its next critical "cointoss" function: [PPT] GO.

Developing story out of the NYT.

The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler that could come as soon as next week, people with direct knowledge of the action said Thursday.

geithner - Free Legal Forms

Can someone say selling on the news?