9.14.2011

Timmy the Tax Cheat's alternate reality

"I'm a fiscal hawk and I'm a big hawk on bank capital." - Tim Geithner being interviewed by Kramer the Klown on CNBC just moments ago (transcript, video).

You mean like when you were head of the New York Fed, charged with Wall Street oversight, from 2003 - 2007 and you allowed all the TBTF banks to run wild with near-infinite leverage and bogus assets, Timmy?

He also says there is "no chance" Europe will have a Lehman event. Hmmm... what was the last thing Geithner said there was no chance of? Oh yeah, that's right. The U.S. being downgraded.

1 comment:

Anonymous said...

Timmy can't even deal with being bald, hence the dead squirrel he wears on his head all the time.

Ric Edelman is wrong on Roth 401(k)s and dollar-cost-averaging withdrawals

I'm a huge Ric Edelman fan. I'm a regular listener of his radio show and believe he's made a huge positive contribution to the f...