Shocker: Timmy Geithner still a mess at Treasury

You have to wonder if we are not getting the old,”just be so futile and dis-organized that no one will be able to follow the money” to allow friends and associates to get their money while democrats feign the usual,”we got tricked,we were lied to” drivel.

This whole administration is just to corrupt to be this stupid:

It’s official. TARP is just theft.
Fabius Maximus @ 12:01 am
http://fabiusmaximus.wordpress.com/2009/05/01/tarp/

These reports about the TARP must be read to be believed. Since you are reading this on a screen, I have highlighted in red where you would scrawl WTF! on printed material. This is best read somewhere you can scream without attracting undue attention.

1.“Thievery Under TARP“, Robert Scheer, The Nation, 22 April 2009
2.Initial Report to the Congress, SIGTARP, 6 February 2009
3.Quarterly Report to Congress, SIGTARP, 21 April 2009

But the watchdog press is on the case right.
Is this the White House core’s idea of “enchantment”:

(via powerline)

TARP: The Looming Debacle
http://www.powerlineblog.com/archives/2009/04/023420.php

April 27, 2009 Posted by John at 8:00 AM

On April 21, the Special Inspector General for the Troubled Asset Relief Program Act of 2009–”SIGTARP”–submitted his quarterly report to Congress on his office’s activities in relation to the TARP program. The report is a disquieting document that should be read by every American–certainly be every taxpayer.

The Inspector General’s report documents the stunning and at least partly illegal expansion of TARP from the $700 billion originally allocated by Congress to what is now a $3 trillion complex of programs. This chart shows the various programs that are now included within SIGTARP’s oversight, and how they have expanded from the initial $700 billion. Note that some of the programs are still incipient; $3 trillion is by no means a final number. Click to enlarge:

But the people that were not on bended knee in the People’s Temple of Obama knew that Geithner was inept and corrupt:

As Crisis Loomed, Geithner Pressed But Fell Short
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/02/AR2009040203227_pf.html

Before Timothy Geithner became Treasury chief, he regulated major U.S. banks. Now he says: “We’re having a major financial crisis in part because of failures of supervision.”

By Robert O’Harrow Jr. and Jeff Gerth
Washington Post Staff Writer
Friday, April 3, 2009; A01

Here is how many CEO’s felt about Geithner being put in charge of the “hen house”:

By ANDREW ROSS SORKIN
New York Times

But Mr. Geithner’s involvement in several ultimately ill-fated efforts to buttress the American financial system is the very reason some Wall Street C.E.O.’s — a number of whom spoke on the condition of anonymity for fear of piquing the man who regulates them — question whether he’s up to the challenge.

“We have only two things to say about Tim Geithner, who we do not know: A.I.G. and Lehman Brothers,” said Christopher Whalen of Institutional Risk Analytics. “Throw in the Bear Stearns/Maiden Lane fiasco for good measure,” he said.
“All of these ‘rescues’ are a disaster for the taxpayer, for the financial markets and also for the Federal Reserve System as an organization. Geithner, in our view, deserves retirement, not promotion.”
Ouch.

“He was in the room at every turn of the crisis,” said another executive who participated in several such confidential meetings with Mr. Geithner. “You can look at that both ways.”

I am just stunned,shocked I tell you at the level of incompetence in the Greatest Transition EVAAAAAAAAAAAAAAAAAA!!!.

Baxter Greene on May 18, 2009 at 9:04 AM