This put a giant smile on my face. Geithner should resign and never return to a public policy position ever again. He's completely inept, and if not, then he's a damned criminal like Bernanke and Paulson.

I was watching the committee hearing... after Brady or whoever castigated Geithner...the next questoner prefaced his inquiry time with
the statement _ (i paraphrase): I do not say you should be Fired ...

I say that You should never have been hired.


[in my mind--> all the congress that later voted 'Yes' on the second
vote for the bailout, They should be fired too!]
recall that public opinion was 100-1 against TARP and the understated bailouts for the fancy-pants bankers, et al,
& congress defeated the first proposed bill ~ as it should be ~

but the aloof Senators resurrected a blank bill, added the same bailout language on a 2nd bill -- and that one passed.

geithner/bernanke/all Senators voting AYE...U tell me what to do with 'em

When he resign should the fed Goldman Sach puppet Bernanke resign too, with all the congress whores behind following.

After all the Problem in America is the lack of leadership in the political system that has become a tog a war for special interest, they are screwing the nation and they know it, but none of them have the balls to stop it without the repercussions of their pimps the lobbyist.

Geithner is doing a great job.

For his bosses, you have to understand; he doesn't work or care about the American people or our well being.

He is making himself richer, the Federal Reserve richer, and the world bank richer - That is his job.


So no he won't step down, he is a worthless piece of trash, and hes proud of it. ( he even admitted he was proud being with the Federal Reserve )

He and his cronies should be locked up, this is absurd.

With the 2010 elections just around the corner, I expect to see a shakeup in Obama's economic team.

The economy is still looking bad and if the trend continue, the Dems will pay a heavy price at the polls.

Look for them to put pressure on Obama to do something.

Ol' Timmy may be the perfect fall guy.

This is purely smoke and mirrors - Geithner is just as much a puppet as anyone else - there is no point debating the color of the wall paint in a house that is falling off a cliff.

It also smacks of trying to create a swing back to democrat - as those are the better, more pliable puppets of the warmongers.

You could shoot Geithner in the head, and keep him in the same position as a rotting corpse and he would still advocate the same policies, loudly and publicly - these decisions are not made by these puppets, and those who pull their strings don't give a damn if they are alive or dead, politically, or literally.

The surge in printing was required to meet money creation needs - the debt level is consuming currency at such a massive rate - only massive creation of new debt (and therefore money) can feed the debt monster.

Deflation due to currency being consumed as interest on existing debt is approaching a vertical asymptote - if they fail to create new debt quickly enough, interest needs will consume all the dollars in existence, leaving a money pool of zero.

The plan is just a delaying tactic - they need to create new debt to prevent the money supply disappearing in a puff of logic - but the new debt carries interest, so the end cannot be avoided - only delayed a little longer.

Only by systemic and massive debasement of the US currency can the monster be fed - but debt always carries interest - the Fed rate of zero does not translate to a market with a zero rate - the real market rate reflects the deflationary economy, and therefore is ridiculously high - and therefore a massive consumer of currency.

Only a total collapse and liquidation of bad debt can reset this scenario - and that is not on the table.

The dollar is being spring loaded for a sensational bounce - but the end result is no dollars - anywhere.

Originally posted by jam321
With the 2010 elections just around the corner, I expect to see a shakeup in Obama's economic team.

The economy is still looking bad and if the trend continue, the Dems will pay a heavy price at the polls.

Look for them to put pressure on Obama to do something.

Ol' Timmy may be the perfect fall guy.

If Timmy gets thrown under the bus, who will replace him?
A Goldman Sachs executive?

Originally posted by Eurisko2012

If Timmy gets thrown under the bus, who will replace him?
A Goldman Sachs executive?

Or a JP Morgan one. remember it goes back and forth from Goldman rats to JP Morgan ones.

Originally posted by xstealth
Geithner is doing a great job.

For his bosses...........,

Ha, I can already see Obama coming out and saying:
"Timmy, you're doing a heck of a job"