Timmy Lies Again

http://market-ticker.org/akcs-www?post=172845

Timmy actually thinks he or big Ben has credibility?...For real?
Coz from what I can see no one else does anymore, of course their change of tune might be just a simple case of CYA, which I'm pretty sure it is, due to the fact that a great many of them lined their own pockets off of the crap that Timmy, Hank, and Ben were and have been doing to lead the way back to safety for their bestest buddies at the investment banks.

How does the FED think it's going to create jobs? The only things I can see they're doing by monetizing the debt is
1)Trying to keep their own job,(If nobody buys Gov debt, there's not much left for them to do) as well as holding their bestest buddies heads above water so they don't drown in their own insolvency.
2)By monetizing the Gov debt it keeps all of those defense contractors working,( hey without them how would we be able to participate in the wars)
God knows our Military can't take care of itself anymore, and they even admit it. Which by the way is down right embarrassing, as well as a huge waste of money. It seems to me like it a double dip at this point, one or the other has to go. "WE" can only afford to keep one.
On a personal note I wonder, (because Timmy just shot his mouth off in talking down to the Republicans) how long he will get to keep his title?
You can't call it a job, because he takes no salary from the Treasury position. Which kind of has to make you wonder why the hell the government would allow him to make any decisions at all doesn't it?
It ain't like he works for us and can be held responsible.

Timmy Lies Again

You knew he couldn't keep his mouth shut, right?

U.S. Treasury Secretary Timothy F. Geithner said the Obama administration would oppose any effort to strip the Federal Reserve of its mandate to pursue full employment and warned Republicans against politicizing the central bank.

“It is very important to keep politics out of monetary policy,” Geithner said in an interview airing on Bloomberg Television’s “Political Capital with Al Hunt” this weekend. “You want to be very careful not to take steps that hurt our credibility.”

You have to have something in order to lose it.

The Disease That Is America

http://market-ticker.org/akcs-www?post=171582


PT Barnum once said there was a sucker born every minute. That was a long time ago, and it would seem that the suckers, having no one else left to procreate with except themselves, have now left the nation utterly incapable of realising the depths of the rational thought process.
Karl proves this point perfectly, or rather I should say the comments on Karl's blog have.
Not one comment stated, what should have been the obvious, that Palin, as well as the rest of the Tea Party, have left out of their political platforms.
The over taking of "OUR" Nation and the enslavement of "OUR" people through the economic art of embezzlement, by the actions of Ben Bernanke for the further empowerment of the Federal Reserve, or by Timothy Geithner's misuse of the United States Treasury for furthering the agendas of his honorary governorship of the IMF.
All the tits and ass in the world will not be distraction enough for what Ben and Timmy have done and are now currently continuing to do, through the process of QE2, for the total debasement, of any type of buying power for the dollar.
Starvation can be a real eye opener, but by then it will be to late to do anything about it.
America you must ban together and take back your nation now, or there is NO FUTURE for you or your children, other than that of Zimbabwe, where a loaf of bread, if you can afford it, cost 10 thousand dollars.


My my my, what lovely sheep you are.

Last night I posted a commentary that Sarah Palin will be delivering today.

She, like all modern politicians, reads from a teleprompter. Wow. I'm impressed. For the record, in all of my public-speaking engagements, I've never used one. Even when it was offered. I don't believe in them.

20, 30, 40 or more years ago, there wasn't one. I will sometimes bring a set of cue cards with me to the podium, and others have historically done that as well. In my view, if you can't orate from your mind, you can't orate. Anyone can stuff a suit or a blouse - witness the bubbleheads on TV every day.

Are you selling your words? Or are you selling your **** - or penis?

(Get over it folks - sex sells and always has. When was the last time you saw an ugly TV news anchor?)

Nonetheless, I want to focus this commentary on the responses to that Ticker.

They're not only sad, they're a reflection of us. Some short excerpts:

SIGTARP Calls Out Tim Geithner On Various Violations Including Data Manipulation, Lack Of Transparency, "Cruel" Cynicism, And Gross Incompetence

http://www.zerohedge.com/article/sigtarp-calls-out-tim-geithner-various-violations-including-data-manipulation-cruel-cynicism

Little Timmy got his report card
Lets just say it wasn't up to par
And his conduct grade was even worse

SigTarp Neil Barofsky has just released the most scathing critique of all the idiots in the administration, with a particular soft spot for Tim Geithner.

On the failure of TARP to increase lending:

Geithner's Goal: Rebalanced World Economy .

http://online.wsj.com/article/SB10001424052702304011604575564661615005500.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

And little Timmy(his mother must be so proud) is going to re-balance the world that the American consumer can no longer afford to buy.
Those numerical gauges works so well for the US, we know exactly how much crap we as a country allow other countries to bring in to sell to us and just exactly how much they don't allow in from our country to buy.

Treasury Secretary Timothy Geithner said he would use weekend meetings of G-20 finance ministers to advance efforts to "rebalance" the world economy so it is less reliant on U.S. consumers, to move toward establishing "norms" on exchange-rate policy, and to persuade others the U.S. doesn't aim to devalue its way to prosperity.

He also said the U.S. is pressing the Group of 20 industrial and developing nations to adopt numerical gauges to judge whether individual trade surpluses or deficits are "sustainable," a way to measure progress towards the goal of more balanced global growth.

Economy still needs reinforcement: Geithner

http://www.reuters.com/article/idUSTRE68T5ZZ20100930?feedType=RSS&feedName=politicsNews&rpc=22&sp=true

Timmy chumming the waters America, and baiting the hook to bring in another big hall.


Treasury Secretary Timothy Geithner said on Thursday that the economy still needs reinforcement from Washington.

Congress blocks indiscriminate IMF aid for Europe

http://blogs.telegraph.co.uk/finance...id-for-europe/


Europe may have to clean up its own mess after all. The US Senate has voted 94:0 to block use of taxpayers’ money for IMF rescues that make no economic sense or bail-outs for countries like Greece that far are beyond the point of no return.

“This amendment will help prevent American taxpayer dollars from underwriting dysfunctional governments abroad,” said Texas Senator John Cornyn, the chief sponsor. “American taxpayers have seen more bailouts than they can stomach, and the last thing they should have to worry about are their hard-earned tax dollars being used to rescue a foreign government. Greece is not by any stretch of the imagination too big to fail.”

Co-sponsor David Vitter from Louisiana said America had run out of money. “Our country already owes trillions of dollars in debt. We simply can’t afford to take on other countries’ debt in addition to our own.”

It is unclear where this leaves the EU’s $1 trillion “shock and uh” package. Urlich Leuchtmann from Commerzbank said the IMF share of $320bn was the only genuine money on the table, the rest being largely euro smoke and mirrors, or plain bluff.

The measure is an amendment to the US financial overhaul law. Backed by both parties, it can hardly be ignored by the Obama administration whatever Tim Geithner may or may not want to do. The bill has to go to Conference for reconciliation with the House, but the point is made.

It instructs the US representative at the IMF to determine whether a country with a public debt above 100 per cent of GDP can be expected to repay IMF loans. If this cannot be certified, the US must oppose the rescue package.

Dylan Ratigan: Breaking it down

http://market-ticker.denninger.net/

Timmy's gotta go!
Dylan could have been a little easier on Brad Sherman.
Brad is a good guy and actually had a valid point on auditing the FED, which does seem to be one in the same with the Treasury and Goldman Sachs.
It's quite hard to tell where one stops and the others start any more.

Geithner called to explain AIG bailout secrecy

http://finance.yahoo.com/news/Geithner-called-to-explain-apf-494126474.html?x=0&sec=topStories&pos=1&asset=&ccode=

Congress is now being seen for the fools and dupes that they are and they're angry about it.
Well I say welcome to the world of Main Street. How do YOU like the view from our eyes, because from what WE can see, your condoning what we see as a crime, and paving the way with our tax dollars, for them to continue to commit it

Treasury Secretary Timothy Geithner will face a congressional grilling later this month about the suppression of key details on deals that funneled billions to big investment banks while he was president of the Federal Reserve Bank of New York.

Lawmakers reacted angrily Friday to revelations in e-mails sent in late 2008 and early 2009 between lawyers for the New York Fed and American International Group Inc. The exchanges show the New York Fed wanted AIG to withhold information about deals that sent billions of dollars from the taxpayer bailout of AIG to Goldman Sachs Group Inc., Societe Generale and other major banks.

Geithner: bailout program extended to October

http://finance.yahoo.com/news/Geithner-bailout-program-apf-3043495812.html?x=0&sec=topStories&pos=main&asset=&ccode=

How has the bailout program helped American families? It's helped the banks and Wall Street but all the average person has gained from it is a larger portion of that pie to pay for. (that the rich have exclusively been invited to eat)


Treasury Secretary Timothy Geithner told Congress Wednesday that the administration will extend the government's financial bailout program until next fall, saying it's needed to protect against fresh economic shocks.

In a letter to House and Senate leaders, Geithner said the extension is "necessary to assist American families and stabilize financial markets

Timmy throws a tantrum

http://dealbook.blogs.nytimes.com/2009/08/04/geithner-said-to-lose-his-cool-at-regulators-meeting/

Just how bad does the FED want it's new powers? Badly enough I'd say to push the issue of the concerns about the consequences of the largest financial overhaul since the 30's into the closet.
The question is what's the rush Timmy and why?


Treasury Secretary Timothy Geithner blasted top regulators in an expletive-laden tirade amid frustration over President Barack Obama’s faltering plan to overhaul financial regulation, Reuters reported, citing a Monday story in The Wall Street Journal.

A person familiar with the meeting said that Mr. Geithner told regulators “enough is enough,” the newspaper said. The meeting took place last Friday with Federal Reserve Chairman Ben Bernanke, Securities and Exchange Commission Chairwoman Mary Schapiro and Federal Deposit Insurance Corporation Chairwoman Sheila Bair.
The Treasury secretary said regulators had been given a chance to air their concerns, but that it was time to stop, the newspaper said, citing the person.

A Treasury Department representative had no immediate comment. The Fed, the S.E.C. and the F.D.I.C. did not immediately return calls seeking comment.

Mr. Obama in June unveiled a financial regulatory overhaul, sometimes called the biggest since the 1930s. Among other things, the plan would give the Fed added powers