Joe in Miami
Agreed. One look at this economic team of advisors, and it becomes very clear. They are all either career bureaucrats and or attorneys. None has ever been an entrepreneur. They are clueless.
View ArticleBrian
my guess is the only people who say "Geithner is a very good guy" are doing so for monetary reasons. The taxpayers wouldnt agree
View Article7footMoose
how long before Jamie Dimon get a call from the Prez? can JD operate within the dysfunctional political atmosphere of the Govt? and, if JD does over to Treas what does that mean for JPM? i wonder
View Articleanon
I 100% agree. I recommend the book Too Big to Fail on this topic. The exacerbating issue with Geithner is that he is a zealot for his view of save the banks at all cost. Even if you grant him "good...
View ArticleMarquis Lafayett
'Tim Geithner's defense of his actions continues to be, in effect, "We had to do it or the world would have ended." This isn't good enough. It is also, at the very least, debatable. " NO! look , when i...
View ArticleAgreed
Great post Henry. I voted for Obama, but Geithner's behavior has clearly been criminal - and the AIG emails are the smoking gun. If Obama is smart, he'll get in front of this issue ASAP before it takes...
View Articlebigfoot
First, some nice job at the Aspen Institute need to be funded by, hmmm, can you guess? Then Geithner needs to do some more dirty work for Summers, then he can go.
View ArticleFredZ
Agree as well. Strategically he was on the right track, but tactically, he is a total screw up.
View Articleaigfp-er
suck it, we kept our bonus money and you cant touch us! fire anybody you want to, just keep paying us millions for doing nothing! we won, admit it, you lost.
View ArticleMike N
9 out of 10 Americans don't give a flying f&^k as long as they can continue to put their new flat panels on their credit cards...
View ArticlePaulina
Bravo, Henry. I do think Marquis has one small point, a point I am using, too. I have had time to prepare.
View ArticleLanZ
Let's give TB the benefit of the doubt . . . let's say Citi and BAC had been nationalized. That would have been very expensive . . . likely many banks and money markets which owned C and BAC bank debt...
View ArticleBroker
It really appears that the reason that AIG was bailed out was to make the world safe for Goldman Sachs partners to collect their seven figure bonuses. The companies who bet big on AIG being a solvent...
View Articlebroker
As one who didn't vote for Obama I think that Obama needs to offload incompetants like Geitner and Napalitano before they pull him down like Rumsfeld did with GWB.
View Articleuhduh
"If the goal was to keep the system operating..." In case you haven't noticed, "the system" is seriously fucked.
View ArticleNoSingleOne
The entire Goldman Sachs contingent cabal needs to go as well. No more foxes watching henhouses, Obama.
View Article