Archive » Tim Geithner

Eeenteresting. About a week ago, the SEC agree to cover-up bailout documents for AIG until 2018. The documents relate to the backroom bank bailout payments at top dollar to AIG counterparties — which know-nothing Tim Geithner was grilled about today on the Hill. The leak comes as Fed Chairman Ben Bernanke heads to the Hill [...]

“You gave lame excuses then, you are giving lame excuses now.”

As part of the pre-State of the Union publicity blitz, the Obama White House had its cabinet members sit down for quickie videos to tell you how they all “got to work” and “took bold steps to rescue the country from a potential second Great Depression; to rebuild the economy for the long-term — so [...]

Photoshop/CoC card set credit: Tennyson Hayes
It’s not quite the Mother of All Distractions, but it’s up there. Maybe the First Cousin of All Distractions.
The White House unveiled its ballyhooed $90 billion plan to punish banks with a “Financial Crisis Responsibility Fee” this afternoon. It’s faker than the fake garden vegetables the First Lady served [...]

Photoshop/CoC card set credit: Tennyson Hayes
Late last week, Bloomberg News reported that the New York Federal Reserve Bank — then under the leadership (or rather, lack of leadership) of Tim Geithner — presided over a systemic effort in the fall of 2008 to suppress public disclosure of ailing insurer AIG’s backdoor bailout payments to banks [...]

Meow.

Turning the tables on Tax Cheat Timmy? Just desserts from the GOP:
Congressmen John Carter (R-TX) and Lynn Westmoreland (R-GA) yesterday introduced the Geithner Penalty Waiver Act, requiring that the IRS assess the same penalty against U.S. taxpayers that came forward in the UBS tax fraud investigation as paid by Treasury Secretary Timothy Geithner for failing [...]

Oh, crikey. I’m cramping up.
From.
Laughing so hard.
Ouch. Ow. Stop the pain!
The administration’s new two-pronged initiative, operating under a law passed by Congress last year, will consist of a bond purchase program to support new lending by these agencies, and a temporary credit and liquidity program to boost agency access to credit sources for their existing [...]

Same old, same old.

“Reckless.”

The Democrats bloodied Republicans with the “culture of corruption” cudgel.
Republicans are finally performing some political jujitsu.
Keep repeating it and don’t give them a pass:
Action Demanded on Rangel/Geithner Tax Violations
(WASHINGTON, DC) — While Democrats continue their plan for a federal takeover of the nation’s healthcare industry, new revelations show they are incapable of effectively managing even [...]

Good for the TARP watchdog.
Team Obama tried to tighten his leash. He bit back. Turbo Tax Tim Geithner tucked tail.
More, please:
The Treasury Department backed away from a standoff over the independence of the special government watchdog appointed to scrutinize how last year’s $700 billion financial-industry bailout is being spent.
Neil Barofsky, special inspector general for the [...]

That’s #$%^&*!! Turbo Tax Tim Geithner to you!
I can’t help but think there were a few stifled giggles as the feckless Wonder Boy vented. Via the WSJ, here’s the scoop on how financial watchdogs are pushing back against Team Obama’s plans to consolidate their offices and give the Fed more power:
Treasury Secretary Timothy Geithner [...]

The nutroots were quite upset with George Stephanopoulos for inviting me on his This Week roundtable. They piled on him on Twitter. And even Paul Krugman tried to stir up lefty ire.
God forbid a non-establishment, non-Beltway-certified “acceptable” conservative have a voice in a mainstream forum!
Unlike Matt Lauer, Stephanopoulos wasn’t compelled to play “beat the clock.” [...]

How do you say “Snort-worthy” in Mandarin?

A telling exchange this afternoon between staunch fiscal conservative Sen. Jim DeMint and Treasury Secretary Tim Geithner, via WaPo:
Geithner was hammered by a Republican senator decrying Treasury’s growing power over the American economy. “This is not mission-creep,” said Sen. Jim DeMint (R-S.C.). “This is a stampede of any traditional understanding of constitutional boundaries.”
DeMint called Geithner [...]

Government Sachs.

Treasury Department tax cheat Tim Geithner already announced this knee-slapper initiative in March. The White House follows up today with the details of the crackdown on corporate tax cheats:
President Obama on Monday spelled out his plans to close corporate tax loopholes on U.S. multinational corporations and crack down on overseas tax havens.
The goal is to [...]

Gulp.

There was a big dog-and-pony show earlier today led by Tiny Tim Geithner, who announced bold new initiatives to crack down on mortgage scammers and shut down irresponsible lenders cooking the books.
Speaking of mortgage scammers who cooked the books, when will they shut down Fannie and Freddie and go after their enablers in Congress?
Oh, [...]

And another one down, and another one gone…

Pshop credit: Bucktown Dusty
Someone really needs a teleprompter of his own:
Treasury Secretary Timothy Geithner sent the dollar tumbling with comments about China’s ideas for overhauling the global monetary system, only to drive it back up by affirming that it should remain the world’s reserve currency.
Geithner was initially asked at a Council on Foreign Relations event [...]

Not again? Yes, again: Another person under consideration for a top Treasury job has decided to bail on Tim Geithner.
Frank Brosens, a hedge fund manager who was Treasury Secretary Timothy Geithner’s choice to run the office overseeing the $700 billion bank bailout program, withdrew his name from consideration.
Brosens, a founding partner of Taconic Capital Advisors [...]

Scroll.

Now what?
Last week, the Obama administration brought us a $1 trillion Federal Reserve magic trick hatched by the David Copperfield School of Economic Recovery — printing up a trillion bucks and “pumping it into the U.S. economy”…by buying up bonds and mortgage securities…sold and backed by the government.
Today, hapless, truth-challenged tax cheat Treasury Secretary Tim [...]

The Robert Gibbs Live Comedy Hour WH press briefing is on. Press corps is actually pressing Gibbs on Tim Geithner.
A journo asked Gibbs about the Geithner date discrepancies (March 10? March 3?) Gibbs replied, and I quote: “Uhhh…uhhhh…uhhh…uhhh.”
After having made snarky remarks about “his friends on cable TV” in response to a question about Obama’s [...]

Can he get anything straight? TurboTax failed him. So, apparently, did Outlook calendar.
Hapless Treasury Secretary Tim Geithner claims he didn’t find out about the AIG bonus issue until March 10. This was contradicted by AIG president Edward Liddy’s testimony before Congress earlier this week. Liddy was right. Geithner was wrong. And it’s all on videotape. [...]

Heckuva job, Timmy.

Rx.

The Kabuki Theater of Outrage.