Chris Whalen On Geithner's 'Kissinger Moment': 'What Did Bob Rubin Know About LIBOR Fixing? He Was The One Running The New York Fed, NOT Geithner'

Whalen on Squawk Box with David Walker.  Start watching at the 4-minute mark. Chris says Robert Rubin was secretly in charge at the New York Fed in 2008, with titular head Geithner calling 4 times daily for instruction.

Brilliant comment that only Sorkin acknowledged.  Barely.

Fascinating discussion, all the way to the end.

• Transcript at CNBC

Comments

[Pitchfork]

I'll save watching this for later, but I miss this line of discussion from Whalen -- Geithner eats lunch 19 times with Bob Rubin, Geithner calls Rubin 47 times a day, Who's really in charge here?, Is Tim Geithner his own man?... Tim Geithner must secretly hate Chris Whalen, as you would when someone a hell of a lot smarter than you goes on national television to call you out for being an empty suit. Love it.

People like Whalen, by the way, are the type who used to run America -- smart, competent, hard-working, a touch of noblesse oblige. Now we've got nothing but lying, cut-throat fakers like Tim Geithner, Barack Obama and Eric "Inaction Jackson" Holder.

[Pitchfork]

Just adding Larry "Sleepy" Summers to that list. And Bernanke, who is highly intelligent, but demonstrably incompetent. So of course he was reappointed.

[LiberatedCitizen]

LIBOR? The Real Scandal Is The Fed.
http://lionsofliberty.com/2012/07/17/libor-the-real-scandal-is-the-fed/

[DailyBail]

Chris Whalen: 'Bank Of America Will Split And Merrill Lynch Will Have $30 Billion+ Of Litigation Exposure For The Mortgage Mess, Just By Themselves'

http://dailybail.com/home/chris-whalen-bank-of-america-will-split-and-merrill-lynch-wi.html