Tim Geithner With Jim 'Short The Financials' Cramer On Euro Crisis, Obama's Failure (CNBC Video)

Interview posted this morning on Comcast Bubblevision.

CNBC

Speaking during the "Delivering Alpha" conference - organized by CNBC and Institutional Investor - Geithner said the U.S. recovery is slower than many would like and that's not being helped by chaos in Washington.

"You have this terribly damaging political dysfunction here and in Europe that leaves the world wondering whether the political system has the capacity to do the right thing," he said. "That is very damaging to confidence."

However, he expressed confidence in Europe's ability to get out of its massive debt crisis, which has roiled global markets on fears that a collapse in a nation such as Greece will lead to another global financial meltdown. He said there is "not a chance" that Europe will have an event comparable to the implosion of Lehman Brothers in September 2009.

Geithner headlines today, courtesy of Bloomberg:

• GEITHNER SAYS EUROPE IN THREE YEARS WILL BE `ABSOLUTELY ALIVE
• GEITHNER: GROWTH WILL BE WEAKER WITHOUT OBAMA JOBS PLAN
• GEITHNER SAYS OBAMA PLAN WILL MAKE U.S. ECONOMY STRONGER
• GEITHNER SAYS `OVERHWELMING FORCE' NEEDED TO SOLVE ECO CRISIS
• GEITHNER SAYS `WE HAVE WEAKER GROWTH THAN WE THOUGHT' IN U.S.
• GEITHNER SEES POLITICAL DYSFUNCTION IN U.S., EUROPE
• GEITHNER SAYS U.S. HAS `HUGE INTEREST' IN EUROPE RECOVERY
• GEITHNER SAYS EUROPE HAS TERRIBLE GROWTH PROBLEM
• GEITHNER SAYS EUROPE `GOING TO HAVE TO DO MORE'
• GEITHNER SAYS EUROPE HAS TRADITION OF `INDULGENCE'
• GEITHNER SAYS U.S. FINANCIAL SYSTEM STRONGER
• GEITHNER SAYS U.S. HAS `BIG INTEREST' IN HELPING EUROPE
• GEITHNER SAYS OBAMA JOBS PLAN `ABSOLUTELY' NOT DEAD ON ARRIVAL
• GEITHNER URGES `MODEST CHANGES' IN TAX BENEFITS
• GEITHNER URGES AVOIDING OBSTACLES TO HEDGING RISK
• GEITHNER SAYS REPATRIATING PROFITS PART OF CORPORATE TAX REFORM
• GEITHNER SAYS GREECE MUST BE SUPPORTED WITH MONEY

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Recently on Cramer:

Cramer Gets Bearish - 'Short Financials NOW, European Lehman Moment Is Upon Us'

Comments

[DailyBail]

What is noteworthy about all this is the growing likelihood that a Republican president following the November 2012 election will appoint a new man at the Fed to conduct a new strong-dollar policy.

http://www.cnbc.com/id/44503127

Larry Kudlow op-ed

[DailyBail]

Italian Government Wins Confidence Vote on Austerity

http://www.cnbc.com/id/44515837

[westie]

Two representatives of the worst creepy crony capitalist...watch them lie, their beady eyes give away these serpents.