Good news: “Capitalism will be different” now, declares Geithner
posted at 3:45 pm on March 11, 2009 by Allahpundit
A bit of palate-cleansing nuance from last night’s “Charlie Rose,” to give you that jolt of confidence Pelosi keeps droning on about. And to think, The One’s worried that people might perceive him as a socialist. I can’t imagine why. Then again, if even the world’s most famous living Randian is calling for bank nationalization and confessing that his belief in a self-regulating market is deeply flawed, it’s safe to say that capitalism will, indeed, be different.
On a completely unrelated note, TARP recipients are starting to suspect the Democrats are using the funds for “social engineering.” Exit question: Is neglecting to staff the Treasury Department with more than one person a deliberate feature of this new, different golden age?
Blowback
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I’m scared about the Obama-depression, and his rapidly failing Presidency. Why won’t Tim help?
JiangxiDad on March 11, 2009 at 4:29 PM
Dude, stop schilling for the Republicans, they are equally responsible for this disaster, including the nationalization of Fannie, Freddie, AIG, etc.
Look, until we realize that both parties are disgraceful then we will make no progress. We must admit that our supposed side has major socialist problems as well, in other words take the beam out of our own eye, before we can make a difference.
True_King on March 11, 2009 at 4:30 PM
Can this really be… Since Obama took office I have lost 1/2 of my retirement, with the market dropping some 3,000 points. The stock market goes up by 3 points today, and some absolute idiot actually comes here bragging about that, calling this a recovery.
Keemo on March 11, 2009 at 4:30 PM
JiangxiDad on March 11, 2009 at 4:29 PM
Don’t be scared. The Dow is 7000. Depression saved.
Be happy. Celebrate.
getalife on March 11, 2009 at 4:31 PM
There’s one big diff between Geithner and Nance: Nance was as tall as Geithner is short.
L.N. Smithee on March 11, 2009 at 4:32 PM
Dow up two days in a row??? It’s up 3.9 points today. But who’s watching…it’s just a poll.
Youngs98 on March 11, 2009 at 4:32 PM
What Democrats Really Think Of Tim Geithner
How bad are the Treasury secretary’s political problems? Ask the pros in his own party.
One leading communications adviser said Geithner is “apparently incapable of articulating the problems and the solutions. He comes across as weak and lacking confidence–exactly the opposite of what we need.” This Democrat went so far as to suggest that Geithner think about resigning at some point because “his problems are not fixable.”
MB4 on March 11, 2009 at 4:32 PM
I tried numerous times to get some concrete facts out of getalife, but he only responds with slogans and bizarre ramblings about Bush. I gave up yesterday to try and have a decent conversation with him. Don’t feed the trolls!
txaggie on March 11, 2009 at 4:32 PM
txaggie on March 11, 2009 at 4:32 PM
Come on aggie, it was a good discussion.
getalife on March 11, 2009 at 4:34 PM
Same here Keemo. Freakin life savings decimated. This Obama-depression has me worried, but I suppose that won’t hurt him. I never voted for him in the first place. Hang in there!
-Hail Obama-
JiangxiDad on March 11, 2009 at 4:34 PM
True_King on March 11, 2009 at 4:30 PM
I believe both parties have been taking us to the same destination; one by bus, the other by rocket ship.
The media, Hollywood, and most all others keep us busy slicing each others throats so that the focus will remain off themselves. Our government can’t be trusted, not for a minute, not any of them. Until I see Republicans fighting the opposition and calling them out on the carpet for these acts against the citizens, we only have one government…
Keemo on March 11, 2009 at 4:35 PM
The imbecile cabinet. I remember when Geithner was chosen and some pseudo republicans were praising the choice. He was the genius that created the bailouts and ruined this economy with his buddy Paulson.
Geithner and Obama: Socialists of a feather, flop together.
jencab on March 11, 2009 at 4:35 PM
There was once a commenter called April Orit. She was a fantastic mindless liberal creation of someone. I always assumed it was AP having his little joke. Somehow I think AP is up to his old tricks.
JiangxiDad on March 11, 2009 at 4:37 PM
You are thinking exactly what I am. It would be very nice if we had a viable 3rd party that stressed fiscal conservatism, judeo-christian values, and states rights. I highly doubt that will happen until the Republican party is wiped out completely or by some miracle we have another Ross Perot type throw his hat into the ring.
txaggie on March 11, 2009 at 4:37 PM
Just wait until they create the health care dep’t, and try to staff it.
JiangxiDad on March 11, 2009 at 4:38 PM
JiangxiDad on March 11, 2009 at 4:37 PM
AP?
No, he argues much better.
getalife on March 11, 2009 at 4:39 PM
JiangxiDad on March 11, 2009 at 4:37 PM
That would explain why this thing hasn’t been banned.
Keemo on March 11, 2009 at 4:39 PM
JiangxiDad on March 11, 2009 at 4:37 PM
April’s still around. I haven’t seen Hack in a couple of days. I wonder if he got the hammer. By the way, just remember an earmark is not an earmark unless Obama says it is.
kingsjester on March 11, 2009 at 4:40 PM
Thank you, Komrade Geithner.
Would you mind paying my taxes, now?
drjohn on March 11, 2009 at 4:41 PM
Paulson, Geithner, and Obama
funky chicken on March 11, 2009 at 4:41 PM
Kapitalism?
drjohn on March 11, 2009 at 4:42 PM
just because the govt is giving more of my money to WIC recipients, doesn’t mean these people will actually eat. they use the money for cocaine & crack. the children will not eat. then someone will have to rob someone/something to pay for food for the children.
am i the only one who is really, truly afraid?
kelley in virginia on March 11, 2009 at 4:44 PM
He is really sensitive on remarks about ears and how big they are.
WashJeff on March 11, 2009 at 4:44 PM
I wasn’t designed to be able to tolerate this CHOAD.
400lb Gorilla on March 11, 2009 at 4:45 PM
Down from 9500 on election day, or to be kinder to the new President, 8200 at his inauguration. The really stupid thing is that the market could be a lot higher, but President Obama hasn’t really done anything to inspire confidence. Almost like he either has no idea what he’s doing when it comes to the economy or simply doesn’t care.
BadgerHawk on March 11, 2009 at 4:46 PM
yikes
Would be nice :)
-Hail Obama-
JiangxiDad on March 11, 2009 at 4:47 PM
AY-MEN, BROTHER.
MBuck on March 11, 2009 at 4:49 PM
Really? Let me give you a recap of our conversation:
Notice how my responses are well thought out and are backed up with sources ranging from the WSJ to the Department of Labor while you simply say that I am wrong. Once again, a scholarly debate is fine, but only if you put up sources for your arguments.
txaggie on March 11, 2009 at 4:49 PM
BadgerHawk on March 11, 2009 at 4:46 PM
It’s worse than that. Every time the market was showing gains, Obama would immediately give a speech of doom, gloom, and anti-business thus sending the gains right down the crapper once again. Obama has been called out by Rush, Hannity, and others for this practice…
Keemo on March 11, 2009 at 4:51 PM
The preschool gang has taken over the country. its like a bad movie
unseen on March 11, 2009 at 4:53 PM
I agree! The Republicans own a big piece of this sh!t sandwich! They, under President Bush started this whole thing with Hank Paulson and TARP !! Remember John McCain flying back to Washington and putting his Presidential campaign on hold to vote for the stupid thing?
The Republican Party of today loves this stuff. It is about big government and pork! They can all fly home to their districts and states and tell their voters “look at all the money I brought home to you!”… In this regard, they aren’t any different than the Democrats! I don’t see any Republicans standing up and consistently taking on this Administration! That is why Limbaugh is the only conservative out there! The Republicans have none! Not one! Zero! Zilch! Nada!
sabbott on March 11, 2009 at 4:53 PM
Dude, I’m not schilling for anyone, I realize there is plenty of blame to go around for the mess we’re in but I’m not going to sit quietly while the likes of get-a-clue keep trying to pin this mess ENTIRELY on Bush and the repubs. I have highlighted a couple of my remarks that I think show I do not blame just the demo-craps, but please read my comments based on he context of get-a-clue’s constant remarks on how this is “Bush’s depression!”
Liberty or Death on March 11, 2009 at 5:01 PM
The Reader of The Free World has saved the global economy!
What is particularly amazing is the fact that the Dear Reader has basically relied on Geithner who only has a staff of about 2, one of which is a part time secretary and the other is from from the Division of Labor Relations.
Amazing. Future nobel prize receipiants for….everything!
/ Swooning /
moxie_neanderthal on March 11, 2009 at 5:02 PM
“I beseech you, in the bowels of Christ, think it possible you may be mistaken.” Oliver Cromwell
jp on March 11, 2009 at 5:02 PM
You might as well ask a fish to light your cigarette.
Jim Treacher on March 11, 2009 at 5:04 PM
Yep, just like Kindergarten Cop…not a funny movie!
Liberty or Death on March 11, 2009 at 5:04 PM
You just laid out a classic conversation with a dim-witted liberal in black and white. It’s also five minutes of your life you will never get back.
sherry on March 11, 2009 at 5:04 PM
Heh, Jim once again you slay me!!
Liberty or Death on March 11, 2009 at 5:05 PM
The defenders of Obamaworld seem to want all of us who cannot lay claim to being as degreed and accomplished as his Ivy League All-Stars to sit down and shaddup. They think we not only lack the smarts to disagree with their actions, we also shouldn’t expect them to attempt helping us to understand. Their intellect is so towering, they can’t break it down enough for us to grasp them.
I look at it another way: It’s your Morgan Freeman job to break it down for me. If you can’t, you probably don’t completely understand it yourself.
L.N. Smithee on March 11, 2009 at 5:05 PM
Oh yeah, the market is fixed… I mean I bought Best Buy stock at a discount (because I was an employee) at $48 and even with Circuit City going down the tubes it’s at $28. Thursday it was at $26, so going up $2 in 5 days… yep fixed.
/sarc
It’s sad that I even have to use that, but getalife is such an idiot that he would probably think I was serious otherwise.
MobileVideoEngineer on March 11, 2009 at 5:05 PM
I think he said “Capitolism”
One little vowel makes all the difference:
“Capitolism will be different than Capitalism.”
Ray Flicker on March 11, 2009 at 5:07 PM
The DOW’s up all right. 3 whole points.
We’re saved!!!!!!!!!!!
/sarc
MarkTheGreat on March 11, 2009 at 5:08 PM
Geithner, Obama, Emanuel, Axelrod, Holder, Pflouffy, …
So much for the idea of a cabinet made up of all-stars and intellectual geniuses. What’s worse is they’re led by the biggest joke of all, Barry Obama, King of all Dipshits.
jdflorida on March 11, 2009 at 5:09 PM
didn’t this guy play Kramer on Seinfeld?
notagool on March 11, 2009 at 5:10 PM
This guy is an idiot.
Wade on March 11, 2009 at 5:11 PM
You may be on to something. Could he be the real Kenny Kramer?
Wade on March 11, 2009 at 5:13 PM
UNREPENTANT CONSERVATIVE CAPITOLIST on March 11, 2009 at 5:16 PM
I think he looks more like Lyle Lovett.
Jim Treacher on March 11, 2009 at 5:18 PM
It’s always important to bear in mind that we do not live in a laissez faire capitalist system. Our interest rates and money supply are controlled by the government — for many years, by Mr. Greenspan himself. The government plays a huge role in the mortgage market through its GSEs Freddie and Fannie, and through banking regulations such as the CRA. The government further plays a role in public accounting through mark to market rules and Sarbanes-Oxley.
There’s no question that a lot of white-hot greed caused this collapse. Perhaps additional regulation of the OTC derivatives market or of mortgage-backed securities could have reduced the severity of the crash. But the root cause of this WAS massive governmental distortion of the free markets.
Outlander on March 11, 2009 at 5:22 PM
Let’s see, according to Tim, our capitalist system was “designed” and implemented in the early 1900′s. And it was not equipped to handle major shocks, like the Depression (but it did), WWII (but it did), Carter in the 70′s (but it did), the tech bubble, 9/11, etc (but it did).
So what makes the current “shock” so different? We’ve got a bunch of panicy populist opportunistic numbskulls trying their level best to put up roadblocks to recovery, instead of getting out of the way. As more businesses fail, what will be left to regulate?
Onus on March 11, 2009 at 5:24 PM
Socialism creeping up in San Salvador. Coming to a country near you. Comrade Funes gaining ground…
Kevin in Washington State on March 11, 2009 at 5:25 PM
Someone say again just how much money the stock market has lost since 1/20/09.
scalleywag on March 11, 2009 at 5:25 PM
Think of how much it reduces the deficit.
Attila (Pillage Idiot) on March 11, 2009 at 5:30 PM
Geithner is an alien…
-
But seriously folks
-
Keeping the “team” small actually might be a way of avoiding leaks. It is all most impossible to have a large number of people know the details of a conspiracy without it getting out. So Obama may be quite alright with limited government (staffing)…. for now.
RalphyBoy on March 11, 2009 at 5:31 PM
I think he looks like the character on Ally McBeal that liked a “fresh bowl” thus, had a remote to flush the WC before he used it.
carbon_footprint on March 11, 2009 at 5:32 PM
Hey, enough with the negativity!! We’ve all been asking for smaller government. President Obama listened to us, and he is starting with the Treasury Department.
exhelodrvr on March 11, 2009 at 5:40 PM
The Republicans that did TARP I (albeit to try to fix a problem that democrats started with Carter and tried to sweep under the rug in 04 and again in 06) should be forcibly removed from the caucus.
Those Republicans and your party should be forcibly removed from the country. Stop with this “both sides” shit. That’s the same retard game you and your “party of victims” have been playing since day 1, it’s getting old. This whole mess was started in a partisan manner by democrats and it will hopefully in a partisan manner with half of your party in jail for treason and conspiracy against the Citizens of the United States.
Both sides my ass……..
leetpriest on March 11, 2009 at 5:43 PM
This guy needs to get laid.
I am not confident it will happen.
TheSitRep on March 11, 2009 at 5:47 PM
FIFY
It’s been outsourced. We just don’t know who. Geithner is just the middleman.
On another note, I put it at 2 to 1 that Obama will start to make his moves to reassure the markets and push policies that help them after the porkers get their stimulus earmarks.
Dusty on March 11, 2009 at 5:54 PM
That’s “Sea Kitten,” you philistine.
TheUnrepentantGeek on March 11, 2009 at 5:55 PM
He may have once upon a time been randy for Rand… But nothing about his last twenty or so years is “Randian”
Unless perhaps you mean ‘Randian’ in much the same sense that Dr. Robert Stadler sold out his principles to get along with the political powers is ‘Randian’.
LegendHasIt on March 11, 2009 at 6:05 PM
The “market” didn’t do this any more than a woman “asked for it” when she’s raped.
spmat on March 11, 2009 at 6:13 PM
NEWS FLASH:
Geithner ain’t got a fucking clue. Now he’s off to Europe to wow them with his brilliance. I’ll be waiting for them to tell him to, as they like to say, “bugger off, twit!”
GarandFan on March 11, 2009 at 6:14 PM
Like I said when Obama pointed out that the Annenberg Challenge was funded by a Republican and included Republican leaders: “Did you know the planes used on 9/11 weren’t built by terrorists?”
Jim Treacher on March 11, 2009 at 6:23 PM
Please don’t swallow the Left’s talking point unexamined. Greenspan has not been an advocate of Rand’s philosophy since before he took the job as the Fed chairman. That he took the job is sufficient proof of that, but his every action since then only confirms it.
Also, he didn’t say a self-regulating market is deeply flawed. Here is what he did say:
Where is AP the skeptic when you need him?
JDPerren on March 11, 2009 at 6:28 PM
The big difference is, in the others, no one yanked out $550 billion dollars in under three hours from the system, with an estimated hit of about $5.5 trillion within 24 hours if they hadn’t shut the system down, according to Rep. Paul Kanjorski’s explanation of what former Treasury Secretary Paulson and Fed Chairman Bernanke told Congress during the September 2008 closed door session.
Can someone explain to me why there is no investigation of this unprecedented activity, which just HAPPENED to have occurred on September 11th, 2008?
How can we know this was not an attack on our financial infrastructure?
During the first third of the video an enraged caller is ranting to Rep. Kanjorski about how wasteful the first $700 billion bailout was. The best part is 2 minutes and 15 seconds into the tape where Rep. Kanjorski reveals what Paulson and Bernanke told congress that shocked them into supporting the first $700 billion bailout.
[...]
“Why did we do that? Look I was there when the Secretary and the Chairman of the Federal Reserve came those days to talk to members of Congress about what was going on. It was about September 15th. On Thursday (Thursday was September 11th] Here’s the facts and we don’t even talk about these things.
On Thursday [Thursday was September 11th] at about 11 o clock in the morning The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two. Money was being removed electronically.”
The Treasury tried to help, opened their window and pumped in $150 Billion but quickly realized they could not stem the tide. We were having an electronic run on the banks. So they decided to closed down the accounts.
Had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawn and the entire economy of the United States would have collapsed, and within 24 hours the world economy would have collapsed.
VekTor on March 11, 2009 at 6:33 PM
How did this guy ever get to be head of the Federal Reserve Bank of New York and what did he accomplish while he was there. Don’t think that was ever mentioned in the media. Heard he blew it at the World Bank big time. Didn’t hear about that either.
I think people who do the hiring at these places need some real help. They think they are hiring Generals and they are getting 2nd Lieutenants something is way out of order. I think the media ought to trot them out and find out how they reach these choices. People who really understand the management writings of Peter Drucker and really know how to grill them with first principles.
Uniquely qualified to be Secretary of the Treasury? I think not!
U
rsl775 on March 11, 2009 at 6:34 PM
The Greenspan stuff is what makes me the most angry about this whole thing. What I can’t wrap my head around is that, in all of his years as a brilliant economist he never figured out that any governmental spending obfuscates the market! How the hell can someone that smart, who’s been around for that long, and who loved Ayn Rand think that the current economic problems say ANYTHING about capitalism! Every damn problem we have comes from government attempting to manipulate the market in a political way!
Either he’s too old to think anymore or he’s turned into a goddamn coward, either way it’s disappointing.
galenrox on March 11, 2009 at 6:35 PM
(everything after “How can we know” is an excerpt from the Atlas Shrugs article on the event)
VekTor on March 11, 2009 at 6:35 PM
Lesson: Don’t feed the troll getalife. I don’t know how many times this guy’s been beaten back with facts don’t even try.
Conan on March 11, 2009 at 6:42 PM
I’m not convinced you’re on to something. I also withdrew every penny from several money market accounts, for myself, as well as some others whose money I manage. It was because they were uninsured accounts, had exposure to Lehman, WaMu and others in the news as failing, and because a money fund had recently broke the buck, so they all were suspect.
I wasn’t alone. There was, and continues to be, a flight to US treasuries,and FDIC bank deposits, in spite of plunging yields. It was all about capital preservation.
The insuring of money market accts didn’t come until much later in the process, and the differentiations between gov’t, and prime money funds became clearer to people. It’s very possible, what you’re describing as nefarious, was in fact just many people acting in concert, for the same motive.
JiangxiDad on March 11, 2009 at 6:45 PM
OK, strike my last. It appears that it was the 18th, not the 11th as reported, and there is a stong tie-back to the Lehman Brothers bankruptcy on the 15th, and the fact that the underlying reserve fund was finally in a “broke the buck” state (it attempts to maintain a $1 fixed valuation, but for only the second time in history was valued at less than $1, due to the huge Lehman writedown).
That started a cascade of sell orders overnight, and when the fund opened, they all started processing electronically, and the system took a ridiculous nose-dive, which furthered the panic and instigated the manual shut-down.
An automatic “circuit breaker” mechanism to prevent this sort of thing clearly seems appropriate. My apologies for not digging deeper before posting.
VekTor on March 11, 2009 at 6:45 PM
Glad you found and reprinted Greenspan’s words he isn’t refuting anything as much as acknowledging that computer models have blind spots that need updating or fixing. That the requirement level of capital is higher than thought.
Second no computer model takes into account social engineering by Fannie and Freddie and treats them as a rational actor protecting stockholders interests as Greenspan says. Not a valid assumption we can see now it served the democrat party and held half the mortgages.
GSE’s were the contagion so all these free market assuptions aren’t refuted by what happened. Greenspan is too gutless to say this.
Conan on March 11, 2009 at 6:54 PM
Let me know which country has capitalism and I will move there…..
Constitution1st on March 11, 2009 at 7:01 PM
I see in your eyes the same fear that would take the Heart of Me!
The day may come when the courage men fails, where we forsake Conservatism and break all bonds of fellowship.
But it is not this day…
A Time of Socialism and Shattered Liberty when the age of Capitalism comes crashing Down.
But it is not this Day!
This Day WE FIGHT!
GunRunner on March 11, 2009 at 7:17 PM
As a good act of contrition, here’s a link to the “official story” surrounding the events in question during the week of Sept 13th-20th 2008:
http://www.house.gov/jec/Research%20Reports/2008/rr110-25.pdf
VekTor on March 11, 2009 at 7:37 PM
First of all, they’re called “Objectivists,” not “Randians.”
Mike Wallace made the same mistake in the 1960′s in this interview when he called it “Randian” philosophy. She corrected him.
:-)
Second, Greenspan is no longer an Objectivity, and hasn’t been for some time.
Other than that, these are the kinds of chumps she was writing about in her work.
Good Lt on March 11, 2009 at 7:53 PM
Sorry - this Mike Wallace interview Ayn Rand (all parts in the sidebar).
Good Lt on March 11, 2009 at 8:10 PM
Well, we always knew progressives redefined that which was well defined.
Upstater85 on March 11, 2009 at 9:01 PM
Where did you assign any blame to Democrats when you were “holding both sides responsible?” It would be nice if you actually blamed them for FNMA and FMAC, since Democrats blocked reform of the GSEs while Senate Banking Chair Chris Dodd and SEn. Barack Obama received more in campaign cash from them than anyone.
Key Democrats opposed the Federal Housing Enterprise Regulatory Reform Act of 2005, which would have established a single, independent regulatory body with jurisdiction over Fannie and Freddie – a move that the Government Accountability Office had recommended in a 2004 report. Current House Banking Committee chairman Rep. Barney Frank of Massachusetts opposed legislation to reorganize oversight in 2000 (when Clinton was still president), 2003 and 2004, saying of the 2000 legislation that concern about Fannie and Freddie was “overblown.” Just last summer, Senate Banking Committee chairman Chris Dodd called a Bush proposal for an independent agency to regulate the two entities “ill-advised.”
Here’s a partial list of those alleged to be at fault:
The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap. Don’t forget, our economy was fragile after 911.)
Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.
chunderroad on March 11, 2009 at 9:20 PM
Sorry, my link didn’t post.
chunderroad on March 11, 2009 at 9:21 PM
I think Greenspan is what Rand called “second-handers.” He became unethical, because he resented the people who commanded the spotlight. When his walks to Congress became the subject of intense curiosity and economic prognostications were made depending on the girth of his briefcase, he basked in that attention. He sold his soul for cheap applause, and now he’s finding it came at a hefty price. Instead, he blames the oldest economic system of all time.
chunderroad on March 11, 2009 at 9:25 PM
Capitalism won’t be different. It’s just that our socialism will be the same as Europe’s.
Entelechy on March 11, 2009 at 9:51 PM
Capitalism is to Geithner Capitalism as is Pepsi to Pepsi Blue.
Glenn Jericho on March 11, 2009 at 10:10 PM
Didn’t Geithner play a Talosian on Star Trek?
huckleberryfriend on March 11, 2009 at 11:20 PM
This may sound morbid, but I predict Geithner will commit suicide within the next 6 months.
ErinF on March 12, 2009 at 9:48 AM
If it looks like socialism and walks like socialism and quacks like socialism, then its socialism, and NOT a new form of capitalism.
Maxx on March 12, 2009 at 10:06 AM
Yeah, do it while you can. I’m afraid there is going to be a new form of freedom pretty soon.
Maxx on March 12, 2009 at 10:09 AM
Sounds great, but who is our Aragorn to lead us into battle?
Steve Z on March 12, 2009 at 10:56 AM
I will raise you Franks, Dodd, Waters, acorn ect., ect., ect……..
Johan Klaus on March 12, 2009 at 11:14 AM
It will no longer mean “Bow to the nearest Third World country” but mean “Fix our own first”.
sethstorm on March 12, 2009 at 11:39 AM
Look on the other side of the battlefield to find the true one. Don’t waste time wondering why he’s not on yours.
sethstorm on March 12, 2009 at 11:57 AM
No, that’s the Republican Party.
sethstorm on March 12, 2009 at 12:01 PM
This guy is an idiot and so is his boss.
workingforpigs on March 12, 2009 at 12:30 PM
I think that I smell a Soros/rat.
Johan Klaus on March 12, 2009 at 2:57 PM
1.4 trillion gone
http://www.forbes.com/2009/03/11/worlds-richest-people-billionaires-2009-billionaires_land.html
journeyintothewhirlwind on March 12, 2009 at 2:57 PM
The Obama style of socialism/communism.
Johan Klaus on March 12, 2009 at 2:59 PM
I hate this creep
This disgusting animal
I had to tell my son to
use excell to track his expenses
He is startgin up his dream of a phototgraphy studio
I showed him how to track income and expenses
explained how to track capitol investments (startup)
he even asked intelligent questons about in kind contributions and other income sources
But our own irs head cant figure these items out
and OBAMA and the DEOMMOCRAPS say this is their only hope
hell i could get you a crook in jail right now who could do a better job..
heck maddoff coudl run it better after all
he did pull the wool over geitners eyes for over a decade..
MORONS
jcila on March 12, 2009 at 4:24 PM
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