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Economy

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Demeter

(85,373 posts)
Fri May 30, 2014, 07:54 PM May 2014

Weekend Economists Pull Timmy Out of Well (and Throw Him Back In)May 30-June 1, 2014 [View all]



Yup. That's him. That's the bastard subject of this Weekend's investigation:

Timothy Franz Geithner, born August 18, 1961, an American economic policy maker and central banker who served as the 75th United States Secretary of the Treasury, under President Barack Obama, from 2009 to 2013. He was previously the president of the Federal Reserve Bank of New York from 2003 to 2009. He now serves as president of Warburg Pincus, a Wall Street private equity firm.

Geithner's position included a large role in directing the Federal Government's spending on the crisis, including allocation of $350 billion of funds from the Troubled Asset Relief Program enacted during the previous administration. At the end of his first year in office, he continued to deal with multiple high visibility issues, including administration efforts to restructure the regulation of the nation's financial system, attempts to spur recovery of both the mortgage market and the automobile industry, demands for protectionism, President Obama's tax changes, and negotiations with foreign governments on approaches to worldwide financial issues...https://en.wikipedia.org/wiki/Timothy_Geithner


Timmeh, as he is sometimes referred to, has just written a book about his service to the banksters country. It has been less than graciously received by those who care about such things. To start the slanging match, I'd like to offer this pithy remark from Charlie Pierce:

My Favorite Sentence Ever From Timothy Geithner By Charles P. Pierce on May 29, 2014

http://www.esquire.com/blogs/politics/timothy-geithner-book-052914



I am plowing through Timothy Geithner's new book, which I believe is titled, I Saved The Fking World, You Ungrateful Curs, or something like that. Anyway, I'm only about a quarter of the way through and I found what I believe is going to be the best sentence in all of the book's 580 pages. It appears on page 111.

"Central bankers did not have a good record of identifying bubbles in advance, and neither did bank supervisors."


Yes, and the owners of the Triangle Shirtwaist Company did not have a good record of identifying fire hazards in advance, either.





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Phew! Someday I must learn something about HTML Demeter May 2014 #1
In Timmeh's honor, the FDIC has sold another failed bank! Demeter May 2014 #2
Who is this man, anyway? Demeter May 2014 #3
Secretary of the Treasury--Nomination and confirmation Demeter May 2014 #4
HIS GLORIOUS CAREER Demeter May 2014 #5
Criticism OF GEITHNER Demeter May 2014 #6
LEST YOU THINK GEITHNER IS OUT OF THE LOOP NOW Demeter May 2014 #7
Secretive Bilderberg Group turns 60 By Charlie Skelton, The Guardian Demeter May 2014 #8
Rachel Maddow interviewed Geithner in 2010 Demeter May 2014 #9
Faithful readers of SMW and WEE know how THAT all turned out, too Demeter May 2014 #11
Church Ladies With Computers- We need a humorous pause here Demeter May 2014 #10
British star banker Hannam loses appeal against market abuse fine Demeter May 2014 #12
European Commission proposes plan to cut foreign energy reliance Demeter May 2014 #13
For Russia, Eurasian Union is About Politics, Not Economy Demeter May 2014 #14
ARGENTINA'S Gov't clinches debt repayment deal with Paris Club Demeter May 2014 #15
Annie: "We'd Like to Thank You, Herbert Hoover"--musical interlude antigop May 2014 #16
It's amazing how the name Tansy_Gold May 2014 #17
Wall Street cop’s shameful scheme: Inside an infuriating bureaucratic turf war Demeter May 2014 #18
China uses a cyber-security row with America to boost national champions Demeter May 2014 #19
European firms' 'best era' may be over (IN CHINA) Demeter May 2014 #20
US Economy shrank during first quarter, government data show Demeter May 2014 #21
Economy was hit harder by severe winter than initially feared Demeter May 2014 #24
India's economic growth disappoints xchrom May 2014 #22
Brazil economy in slowdown ahead of World Cup xchrom May 2014 #23
KEEPING WITH OUR MUSICAL THEME Demeter May 2014 #25
This Is What Happens When You Hack and Extort the ‘Bitcoin Jesus’ Demeter May 2014 #26
Over Coming Decades, Wealthy Tax Dodgers Will Deprive The Government Of Trillions Of Dollars xchrom May 2014 #27
Randy Wray: What are Taxes For? The MMT Approach Demeter May 2014 #28
DO WE NEED TAXES? THE MMT PERSPECTIVE By L. Randall Wray Demeter May 2014 #30
U.S. Ranks Alongside Indonesia And Thailand On Workers’ Rights xchrom May 2014 #29
Motorola Closing Only U.S. Smartphone Factory Demeter May 2014 #31
Someone finally polled the 1% — And it's not pretty Demeter May 2014 #32
Tim Geithner's Magical Mystery Tour Of TARP Propaganda Has Little Use For Truth OCTOBER 2011 Demeter May 2014 #33
Biographical Details Aside, Tim Geithner Okay In Barbra Streisand’s Book Demeter May 2014 #34
Great Depression Cooking - The Poorman's Meal Demeter May 2014 #35
I loved Clara so much.... AnneD Jun 2014 #80
Activist, Academic, Candidate: Zephyr Teachout Bids for Governor of New York xchrom May 2014 #36
AMERICAN RIOTS WILL BE THE WORST IN THE WORLD--PREDICTIONS BY truthnevertold Demeter May 2014 #37
How Local Governments Are Using Their Purchasing Power to End Sweatshop Labor xchrom May 2014 #38
Fed’s Plosser ‘Encouraged’ by Accelerating Inflation xchrom May 2014 #39
The Peasants Are About To Revolt And The 1% Is Already Plotting To Stop It Demeter May 2014 #40
Inclusive Capitalism Initiative is Trojan Horse to quell coming global revolt Demeter May 2014 #41
For a "nuanced" look at a well informed populace, Fuddnik May 2014 #52
Homebuyers With Another Shot at Low Rates Still Don’t Buy xchrom May 2014 #42
Nobody can afford to buy houses--or pay exorbitant rent to Hedge Fund Landlords Demeter May 2014 #45
Social Security under ‘Sustainable Solvency’: Debt & Deficit Revisited Demeter May 2014 #43
Piketty Issues 4,400-Word Defense of His Book on Inequality xchrom May 2014 #44
You know you are right by the kinds of attack you experience Demeter May 2014 #46
Just like I said about health care reform.... AnneD Jun 2014 #81
As it is, they probably will be screaming soon, anyway Demeter Jun 2014 #82
Building Detroit real estate website back online after overwhelming demand causes crash Demeter May 2014 #47
SEC loses insider trading case against New York fund manager Demeter May 2014 #48
Good Morning, All You Weekenders! It's a fine, fair day in Ann Arbor, a Goldilocks Day Demeter May 2014 #49
Yeah, and the Black Death, aka Rosco. Fuddnik May 2014 #50
Victor Sperandeo Says Markets Pushed Higher To Conceal “Grave Danger” DemReadingDU May 2014 #51
Which is why there will be a HORRIBLE correction from outside the US Demeter May 2014 #53
The Future Visible In St Petersburg By Pepe Escobar Demeter May 2014 #61
Ukraine Situation Report : Poroshenko's Weird War Demeter May 2014 #62
All empires fall, the U.S. will be no exception DemReadingDU May 2014 #63
Dilbert on Testosterone! Demeter May 2014 #54
Timmy is running scared--hence, his magnum opus Demeter May 2014 #55
BoE's Carney says solving 'too big to fail' still top priority Demeter May 2014 #56
Half of American adults hacked this year Demeter May 2014 #57
Unnecessary and Disproportionate: How the NSA Violates International Human Rights Standards Demeter May 2014 #58
Top 5 Places NOT To Be In A Dollar Collapse Demeter May 2014 #59
The Democrats’ New Fake Populism By Shamus Cooke Demeter May 2014 #60
How Tim Geithner can dodge the next debt crisis November 14, 2012 Demeter May 2014 #64
Tim Geithner to reform US financial regulation MAY 2009 FLASHBACK Demeter May 2014 #65
Spanish court makes first conviction of bankers since start of crisis xchrom Jun 2014 #66
As Wm. S Gilbert wrote in "Iolanthe" Demeter Jun 2014 #74
IMF calls on Spain to raise VAT and lower corporate taxes xchrom Jun 2014 #67
Spain’s “golden visa” scheme attracts just 81 investors in first seven months xchrom Jun 2014 #68
Special rules for special folk Demeter Jun 2014 #75
US REGULATORS CLOSE SMALL LENDER IN MARYLAND xchrom Jun 2014 #69
UNIONS STRIKE DEALS WITH MORE VEGAS CASINOS xchrom Jun 2014 #70
Bruised and confused: why Greeks voted against the gods of Europe xchrom Jun 2014 #71
Little Sovereign Wealth Fund on the Prairie xchrom Jun 2014 #72
“The Party and Developers Gang up to Build a Ponzi Scheme” DemReadingDU Jun 2014 #73
Musical Interlude. Up Against the Wall Mother******! Fuddnik Jun 2014 #76
Median US CEO pay package rose above $10m for first time, study finds Demeter Jun 2014 #77
IMF warns Japan may need more forceful reforms to avoid sinking back into deflation Demeter Jun 2014 #78
Woke from my paper route exhaustion and decided to call it a day Demeter Jun 2014 #79
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