Wednesday
Mar112009
Bailout News Video PBS The Charlie Rose Show: Complete Interview of Treasury Secretary Tim Geithner. Broadcast March 10th
I am just beginning to listen. My early impression-pabulum. Nothing here but smooth lies. I'll detail it all soon.
He actually calls the Obama budget fiscally responsible. Several times. A $2.5 trillion budget deficit for FY 2010 is now fiscally responsible. Straight-faced the whole time. Talking points memorized.
Geithner's Black Hole Washington Post
The Humiliation of Tim Geithner NY Mag
New Photos
Reader Comments (2)
That's a great link.
"
Here's another likely Geithner fear -- that Congress forces the banks' bondholders to take a hit. So far, only stockholders have lost out because of the banking crisis. One reason for the fragility in the credit default swap market of late is that markets fear that bank bondholders, who today are protected even before U.S. taxpayers, could soon see their status change. The worry is that if even bondholders are put at risk, U.S. and foreign investors alike would stop financing all corporate America. The administration says that won't happen, but market participants believe (probably correctly) that this White House can't control Congress."
This SNL clip explains why. I think he lacks integrity and intelligence.
http://dailybail.com/home/2009/3/8/bailout-comedy-saturday-night-live-videos-tim-geithner-is-cl.html