The New York Post reports this morning that the White House is considering billionaire New York Mayor Michael Bloomberg for Tim Geithner's spot as Treasury Secretary when Geithner leaves for Goldman Sachs in November, after Obama has his ass handed to him in the mid-term elections.
Actually, that was just my prediction. The Post story claims that Obama is considering sacking Geithner before Novemeber, in a last-ditch effort to sway voters before Obama has his ass handed to him in the mid-term elections.
##
Is Mayor Bloomberg being wooed to join the Obama administration?
Asked about last weekend's four-hour golf game with President Obama on Martha's Vineyard, Bloomberg told reporters yesterday, "The economy was the main subject, other than discussing golf."
Now there are whispers that the president went even further and sounded out Bloomberg about whether he would join his foundering economic team as treasury secretary, replacing prime blame-target Timothy Geithner.
"Obama needs Bloomberg more than Bloomberg needs Obama," a source tells us. "Obama's looking to do something bold and credible before the election."
Insiders say multibillionaire Bloomberg, who was on the short list for the gig in 2008, has the star power and credibililty to help Obama. "It's been the focus of a lot of discussion," said one Democrat. "He's very well-liked and well-respected on Wall Street."
Because Bloomberg has lately been giving speeches on national issues in key states such as Iowa and New Hampshire -- and behaving like a possible independent presidential candidate for 2012 -- Obama has even more reason to bring him into the fold.
"Bloomberg would absolutely devastate Obama in states like Florida and New York," said our Dem. "Bloomberg couldn't win, but he could definitely elect a Republican president" by siphoning votes from Obama.
Even more, a move to Washington would be a package deal for the mayor. His girlfriend, Diana Taylor, a former New York state banking superintendent, has been eyeing the Federal Deposit Insurance Corp. chair since 2006, when it was rumored that the National Rifle Association scuttled her chances because of Bloomberg's anti-gun stance. Current FDIC chair Sheila Bair's term will be up next year.
"It's the proverbial cherry on the sundae," a source says. "It's all kind of pieced together." Reps for the White House and City Hall denied any job discussions.
##
Sep 2, 2010 at 12:43 PM
Reader Comments (14)
http://www.telegraph.co.uk/finance/china-business/7975486/Goldman-Sachs-invests-to-get-its-image-right-in-China.html
http://www.businessinsider.com/will-the-stock-market-be-stalled-until-2020-2010-9#ixzz0yOLxezht
http://www.telegraph.co.uk/finance/economics/7976075/IMF-warns-over-UK-debt-in-call-for-global-fiscal-reform.html
Tyson reflects on sex, drugs, spirituality
The former undisputed heavyweight champion of the world looks back on a long, strange trip
Campaign documents and e-mails reveal the fine print.
http://www.vanityfair.com/politics/features/2010/10/sarah-palin-spending-201010
After a relatively quiet summer, Citigroup is back in the news over its decision to ban banking analyst Michael Mayo.
Mr. Mayo was frozen out late last month after he basically accused Citigroup of using deferred tax assets in violation of accounting rules. The upshot of Mr. Mayo's complaint is that the use of these tax assets are boosting the bank's net income, potentially making Citi seem profitable when it may not be.
http://online.wsj.com/article/SB10001424052748703882304575465801101965176.html?mod=googlenews_wsj
Great story on Citi and Pandit...
http://ftalphaville.ft.com/blog/2010/03/05/166976/dear-vikram-pandit/
Hilarious...
Read more: http://www.businessinsider.com/july-factory-orders-2010-9#ixzz0yONl4T29
If he also turns out to be bisexual, a 911 truther, pro-Hammas, owes Wall Street a LOT of favors, AND checks the box next to Keynes on the World's Greatest Economists quiz, he's a shoe-in.
Blaming Geithner is like blaming the pick-pocket monkey when you get robbed.
Ha!