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Friday, March 20, 2009

Geithner should be fired!

Well it looks like we have the smoking gun. It's Mr. Geithner who created all of this mess. Check out what the NY Times reported Back on Feb 9, 2009:


In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.

Mr. Geithner, who will announce the broad outlines of the plan on Tuesday, successfully fought against more severe limits on executive pay for companies receiving government aid.

He resisted those who wanted to dictate how banks would spend their rescue money. And he prevailed over top administration aides who wanted to replace bank executives and wipe out shareholders at institutions receiving aid.


Because of the internal debate, some of the most contentious issues remain unresolved.
On Monday evening, new details emerged after lawmakers were briefed on the plan.
It intends to call for the creation of a joint Treasury and Federal Reserve program, at an initial cost of $250 billion to $500 billion, to encourage investors to acquire soured mortgage-related assets from banks. In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.


Mr. Geithner, who will announce the broad outlines of the plan on Tuesday, successfully fought against more severe limits on executive pay for companies receiving government aid.
He resisted those who wanted to dictate how banks would spend their rescue money. And he prevailed over top administration aides who wanted to replace bank executives and wipe out shareholders at institutions receiving aid.


Because of the internal debate, some of the most contentious issues remain unresolved.
On Monday evening, new details emerged after lawmakers were briefed on the plan.
It intends to call for the creation of a joint Treasury and Federal Reserve program, at an initial cost of $250 billion to $500 billion, to encourage investors to acquire soured mortgage-related assets from banks. More HERE


It looks like Mr. Geithner is acting like the former FEMA Secretary under the Bush administration. This is truly Barack Obamas "your doing a hell of a job brownie moment."

Giive me a break, now President Obama has seriously asserted on the late-night talk show that Treasury Secretary Tim Geithner was doing an “outstanding job.”

Remember the Federal disaster chief Michael Brown, He was called an idiot, an incompetent and worse. I'm reminded that someone said of Michael Brown, ‘Give me a better idiot’
"Take whatever idiot they have at the top of whatever agency and give me a better idiot," "Give me a caring idiot. Give me a sensitive idiot. Just don't give me the same idiot."

I say, President Obama, ‘Give me a better idiot’ "Take whatever idiot they have at the top of whatever agency and give me a better idiot." "Give me a caring idiot. Give me a sensitive idiot. Just don't give me the same idiot."




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