BREAKING - Tim Geithner Won't Stay On If Obama Wins Second Term: Report

[DeathToTheOil]

Barack Obama won't ask Timothy Geithner to stay on as Treasury Secretary if the president wins reelection, Geithner told Bloomberg TV's Trish Regan Wednesday.

This is a developing story.

http://www.huffingtonpost.com/2012/01/25/timothy-geithner-resigning_n_1231935.html

[progressoid]

1. Excellent!

Lets just hope he's not replaced by another insider.

[lsewpershad]

84. +1

[CaliforniaPeggy]

2. Ohpleaseohpleaseohplease!

[denbot]

3. Gee, I wonder how soon Timmy's name will come up during an investigation..

Lawyer up lil Tim-Tim, lawyer up.

[Voice for Peace]

44. he looked extremely distressed last night during the speech

kind of like this only more worried.

[slay]

4. That is great news - Geithner's next stop should be a trial

ugh Geithner that criminal - i only wish Obama would have ditched him sooner.

[rhett o rick]

5. He will probably go to work for Bank of America. nm

[slay]

7. Probabaly

he'll follow that rich banker person path and be just fine - mindless of all the damage he has done - while the rest of us struggle to get by. bah.

[TheWraith]

10. Uh huh. For what, exactly?

People around here are so keen on claiming that so and so's actions are criminal, but they never seem able to actually point out what laws have been broken.

[Son of Gob]

15. Uh huh. For what, exactly?

People around here are so keen on claiming that so and so's actions are criminal, but they never seem able to actually point out what laws have been broken.

[TheWraith]

16. Thanks for admitting you have no actual reasoned response.

It's nice of your to concede you're wrong like that.

[Fuddnik]

27. Mr. Kettle meet Mr. Pot

[rhett o rick]

45. He has taken the side of the conservative just to see if you will fall for the bait.

Personally I like his posts. He gives us the unusual opportunity to debate the conservative side.

Geitner should go to jail and Pfc Manning freed. The conservatives think otherwise. YOu be the judge.

[MannyGoldstein]

29. Perhaps Elizabeth Warren can explain it to you

[rhett o rick]

46. Not with his fingers in his ears. I find it interesting that he stands up

for Wall Street and not Main Street.

[rtassi]

51. thank you MannyGoldstien

When the President made his announcement last night ... I exclaimed, what kind of serious investigation could take place without Tim's prominent roll being highlighted? ...

[valerief]

57. K&R

[chill_wind]

60. And Bill Black... and former SigTarp Neil Barofsky, for a couple others

no doubt.

We knew long ago why Barofsky wasn't destined to last.

“We’re either going to have criminal or civil charges against individuals or we’re going to have a report,” Barofsky says. “This is too important for us not to share our findings.”

He won’t say whether the investigation is targeting Geithner personally.

(April 2010)

http://www.bloomberg.com/news/2010-04-28/barofsky-says-criminal-or-civil-charges-possible-in-alleged-aig-coverup.html

[McCamy Taylor]

24. If it was criminal to be a double agent for the GOP, Geithner would be heading to trial.

Unfortunately, there is no law that says that a cabinet appointee can not do everything in his power to alienate his president from the base.

[rhett o rick]

47. Pres Obama knew full well what he was getting into with Geithner, Daley, Immelt,

Simpson, Dave Cote, Jacob Lew, etc. Can you spell 1%??

[leftyohiolib]

6. he decided that as soon as potus mentioned wallstreet investigations

[chill_wind]

63. He wanted to bug out before this. In August

at the end of the debt limit mess. But Obama talked him into staying. Election year politics were already getting well under way. I don't think he's sweating anybody or anything coming at him from the Obama DOJ. Or even Congress at this point. Nope. With our luck, pubs will probably give him Bernanke's job next chance they get. :-/

[iandhr]

8. Since he speaks Mandarin...

... he probably will stay on in a official or unofficial capacity as an advisor on China policy.

[Hell Hath No Fury]

9. One small bright spot.

How excited I get purely depends on who his replacement is. More WS = same ol', same ol'.

[Cosmocat]

18. like BO a lot

but I would be shocked if it was not a wall street person.

[Responder3]

76. PK?

Let's hope.

[orpupilofnature57]

11. That breaks my heart ,Double talking

Banker with those boyish looks that are Killing us.

[Rosa Luxemburg]

13. Oh well

[stufl]

14. Just want to add my approval

Why does Obama keep appointing wall street insiders? Is it because he feels that they are the only ones who could possibly understand their schemes?

[Angry Dragon]

17. Good, then it also depends on who replaces him

[chill_wind]

61. My money's on another somebody like

Jamie Dimon. :-/

[xchrom]

19. So what financial house will he go to work at? Nt

[TBF]

20. Good.

He's got 2 kids to send to college, probably wants to get back to the private sector.

[Bluenorthwest]

77. Well he got a $435,000 severance payment when he left the Fed and he gets

$190,000 a year in his current position. If he's needing to 'earn' to pay tuition for his kids, most Americans must find it utterly out of reach. Salary and severance payments since he took the Sec of Treasury gig- $1,195,000. Nearly 300K a year. Poor, poor Timmy!

[TBF]

78. IKR, it's something else -

when I lived in Washington it was common for folks to go back and forth between the private/public center. Also I expect Geitner has money anyway because his pedigree is pretty spiffy (Dartmouth & Johns Hopkins - those are not cheapo state schools like I went to) ...

I'm just happy to see him go personally.

[Liberal_Stalwart71]

21. To be fair, this is really not news. Most cabinet level secretaries don't stay for second terms.

I work at HUD and have worked here for many years. There were two difference agency heads for each of Reagan's terms, for Bush's term, two for Clinton's term, and THREE for Bush II's term. I wouldn't be at all surprised if my current agency head, Shaun Donovan, isn't here either after Obama's first term, whether he's reelected or not.

Still, this is welcome news for many but not earth shattering in terms of what typically happens in the Executive Branch.

[FailureToCommunicate]

48. THANK you for staying at your position at HUD. I firmly believe

that the only reason government works (despite what the Repubs say) is due to the people in mid positions that actually keep things running in DC year in and year out, what ever the current political flavor happens to change.

[Vanje]

22. GOOD ever loving RIDDANCE!!!!!!!!!!!!!!!!!!!

[McCamy Taylor]

23. Don't cheer. This means his only purpose is to destroy Obama's re-election chances.

He should quit now if he really wants to help Obama. This declaration only makes conservatives that much more leery of the president---and Big Business that much more likely to give SuperPac money to the GOP for fear that the second term Obama will adopt more anti-business policies.

Geithner is poison.

[Fuddnik]

26. Should have fired him long ago. Geithner is Obama's Rumsfeld.

[McCamy Taylor]

25. Tim Geithner = Linda Tripp

[Tansy_Gold]

28. Oh, how the tune has changed.

[OhioChick]

30. Good riddance n/t

[onehandle]

31. Krugman?

Kidding. Not a chance.

[Responder3]

85. Why not?

If Obama had listened to PK, the Repubescents wouldn't be shitting about a "failed stimulus."

[SHRED]

32. Should have never been appointed in the first place

[Jack Rabbit]

33. Best news I've heard out the the White House in a long time

[Smilo]

34. Promises, promises.....................

oh please let this be true.

[pelister]

35. Tim Geithner

Tim Geithner should be kicked out. I hope that Obama does not ask him and the Education Secretary...They mus go for the good of the people.

[Ken Burch]

36. Any chance he could leave NOW?

It's not like it would be any great loss if the guy left, like, by the end of the day today.

[bulloney]

37. Maybe he'll return to the North Pole to make toys with the other elves.

Seriously, I'll bet he feathered his nest with some company who'll have a seven or eight-figured salary job waiting for him.

[SoapBox]

38. Yay!!!!!!

...don't let the door hit you on the way OUT.

Goodbye and good riddance.

[begin_within]

39. They must have done that to improve Obama's chances of reelection.

[meow2u3]

40. Get rid of Geithner now, dammit!

Why wait until he decides to resign in 2013? Kick his sorry 1% ass out immediately!

[peace frog]

41. My goodness, what a dreadful shame

,,,,,,,,,,,,,,NOT,,,,,,,,,,,,,,,,,,

[Botany]

42. Why wait?

[FailureToCommunicate]

49. Excellent!

(but too neat)

[Blue_Tires]

80. +1000

[Javaman]

43. Yay!!

oh wait, oh yeah, I'm sorry, I meant to say..."YAYYYYYYYYYYYYY!!!!!!!"

[Edweird]

50. Why is he waiting? If Geithner is bad, let him go and replace him.

[Skittles]

52. needs time to find someone to keep serving his purpose

[Edweird]

54. So Geithner is out - what guarantee is there that the replacement won't be worse?

[Skittles]

82. EXACTLY

[abelenkpe]

53. OK with me if he leaves now....

[Veracious]

55. Later Puke

this guy is allllll about zero sum economics. Its a good thing he will be gone.

[lonestarnot]

56. Holy shit! Mr. President means bidness!

and whooooooooooooooooodamnwhoooooooo

[valerief]

58. I wonder if he'll be moving to a new office with dirt walls and a dirt ceiling. nt

[Javaman]

59. let me guess, he would stay on if Obama lost though. nt

[Fearless]

62. Good. n/t

[AllyCat]

64. Don't let the door hit you on the bum dude.

You won't be missed. And I hope you go to jail. Soon.

[Beacool]

65. Best news I've heard all day!!!

Turbo Tax Timmy should have never been appointed to the post in the first place.

[LovingA2andMI]

66. Recommended Immediately

Thanks for the info. Bye-bye Timmy!

[Kablooie]

67. But who would he replace him with?

I mean if he picks Sarah Palin or something it won't be any better.

[JCMach1]

69. 100% certainty someone from the Chicago School of Economics and/or

one of the major brokerages and/or the swinging door at the FED.

i.e. whoever it is, they won't be any better than Geithner.

The best we can hope for is more competent (which shouldn't be too hard).

[Katashi_itto]

68. How is that bad? Of course we would get another Bankster Alumni puppet in there...

[DonCoquixote]

70. OK, Mr. Obama

I know Paul Krugman can be a snide jerk, and would spend the first weekm in office going "I told uyou so", but would it not send a message if you bright in Krugman. Newt's head would explode.

[Delphinus]

71. Thank God, Goddess, the Universe ...

Best news I've read so far today.

[tpsbmam]

72. Excellent news......depending on who replaces him

If Obama holds true to form and replaces him with another bankster, this will end up being a "meh" piece of news as we'll get more of the same or similar. If he sticks to his new 99% populist rhetoric and replaces him with an Elizabeth Warren type Treasury Secretary, this will indeed be beyond outstanding news. Time will tell.

[_ed_]

73. Only one year left

to breathlessly support and defend Wall Street criminals.

Gee, I wonder if Tim's got a job lined up at Goldmann?

[santamargarita]

74. Why Wait, Leave Now!

[Pab Sungenis]

75. Can we get that upgraded to

"Tim Geithner won't stay on if Obama is still President at 1:13 PM today?"

Please?

[Gringostan]

79. What a bummer

What a bummer; how will Goldman Sacks access the White House?

[Vidar]

81. Good for the country but I wonder what little burg he can become mayor of? Chicago's taken.

[Liberalynn]

83. Buh Bye Timmy