You know it’s just a matter of time before one of these guys walks.
Timothy Geithner
AIG Counterparties "Demanded" Full Value, and other perversions
The NY Fed’s AIG deal was among the worst decisions of the era. Docs have now been turned over to the House ahead of next week’s hearings.
"You Underestimate My Sneakiness"
Christmas F Words: Family, Friends, Fezziwig, Fireplace, Fa La La, Frosty the Snowman, etc. This year, we got two more: Fannie and Freddie, the GSE’s that caught an unlimited bailout surprise this Christmas while no one was looking (or approving). Geithner has authorized the removal of the $400 billion cap in terms of Treasury support…
Big Business and Big Government: Let the Apathy Olympics Begin!
Nothing that Obama has proposed, that Geithner has enacted or that Krugman has cheerleaded has meant a damn thing for small businesses in the US.
Saturday Night Video: Congressman Brady and Sec Treas Geithner Have a Cat Fight
httpv://www.youtube.com/watch?v=O2i7cxUEOXc Geithner gets feisty with the Congressman right around the 2:50 mark, but the whole thing is worth watching. Better than that friggin’ “V” tv show on ABC at least.
Coupla Things on a Red Thursday Afternoon…
The market sucks today, but not the blogosphere! Here’s a few links to keep you lol-ing The Felix Salmon v Henry Blodget is coming to a resolution, with some serious passive aggression, the kind that I thought only my wife could deliver! Here’s Henry Blodget and here’s Felix Salmon. Do try to play nice, boys. …
Why Geithner's Treasury Won't Sell the Gold
The United States is currently the largest holder of gold in the world. The US Treasury is currently sitting on 261.5 million ounces. Multiplied by roughly $1100 per ounce, we’re talking about a stash worth almost $300 billion at today’s prices. In an article today at CNNMoney, we learn a few interesting things about our gold…
This is the Remix: TRB vs. Geithner
Treasury Secretary Timothy Geithner wrote an op-ed in the NYT today outlining how the stress tests on 19 of the largest US banks were conducted. This is the remix… THIS afternoon, Treasury, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Reserve and the butcher, the baker and…
Geithner Makes His First Impression…And It Sucks
As I watched the Dow Jones Industrial Average do that cascading-down-400-points thing that it’s gotten so good at, I listened in disbelief as our new Treasury Secretary Tim Geithner went through the whole litany of how we got to this point. Does anyone really need a recap of the last 18 months and what’s gone on? …
