Throw Down: Geithner Blasts Government Regulators for Criticizing Administration’s Financial Reform Measures

Geithner just needs to remember to pay his taxes and hand the reigns over to Peter Schiff.

Looks like somebody’s unraveling…can’t hide a socialist hijacking even when the clowns run the entire country.

They will all meet in the back of the White House for a beer and even Joe Biden will show up.

Remember drones, Chicago Jesus inherited Geithner from EVIL BUSH!

PAY YOUR TAXES, TIMMY.
Amateur hour in the Administration again.
Helluva job, Barry and Co.

Looks like Timmy is acting his age.

Why so serious?

It won’t be long before the “heads of the Federal Reserve, the FDIC, the SEC, and other agencies” are labeled as right wing extremists. How dare they oppose the administration’s policies?

Had I been there, my response would have been as follows:
“Calm down, Tim. We all know that this is a TAXING subject. But at the end of the day, we need to PAY strict attention to the economic realities that are facing this country and not simply DODGE the hard questions. After all, it’s our job to protect rank and FILE Americans, isn’t it?”

Why so Socialist?

This is exactly the type of “professionalism” I have come to expect from the Obama white house.

Nicely done rvasta!!!
Timmy was probably the last pick in gym class for teams and this is his PAY BACK to all of us – so he’s sure he gets those who didn’t pick him.
Did you see the photos of his house that won’t sell……..the blue tile bathroom???!!! YIKES!
This would all make a very funny TV show but the horrific part about this is that it’s reality. The damage being done is in some situations irreversible.
But not surprising when the Keynesian Economists start rolling in – the Free Market and the American Dream are flattened.

Even Bernie Madoff said the “regulators” turned their heads. Geithner is right. It’s the old school regulators these Obama haters should hate on! What do you think McCain/Palin would have done by now?

Hey it gets worse. The FannieMae/FreddieMac free-for-all with Barney Franks as Drum Leader isn’t over. He’s back at it again pushing for the banks to lend to people who shouldn’t be borrowing and may not even be able to fill out the paperwork!! I guess he must have a new boyfriend employed at one of these agencies who is in line for a big bonus.
WHO ELECTS THIS MAN TO OFFICE?? Or is it like the old saying in CHICAGO – Vote Early and Often??!!
All at our expense.

trying to protct turf is one thing, trying to enact some sense into the financial system. What bothers me about Tim is that he was HMFIC in the NY branch of the fed and should have known what was going on years ago. And to the guy who thinks Barney has a new “friend” in line for bonuses. Mr. Frank does know about business, he learned from his boyfriend who was trunning the call service from his basement.

=== What do you think McCain/Palin would have done by now?===
Whatever McCain wanted them to do. Just as Biden isn’t making decisions in the Obama administration, Palin wouldn’t have made decisions in a McCain administration. One thing we know McCain tends to keep his word, so for starters, you could go back and look at his campaign rhetoric and see what he said he would be doing.

“Last month, Goldman said it set aside a nice round $11.36 billion for employee compensation and benefits through the first half of 2009, which includes salaries and annual bonuses. That averages to about $386,429 for each of the company’s 29,400 employees, consultants and temporary workers.”

Obama doesn’t appear to CARE about the people in the military. When the soldier was shot at the recruiting station – Our current Commander and Chief – made no comment.
He did have time to get into the Cambridge issue – falling on his sword in the process. Beers with Biden in the Rose Garden takes precedence over casualties in Afghanistan.

Mr. Geithner is right that it is past time for others to complain. The new regulations have to be enacted to protect us and the system.
While I would hope that in the future Mr. Geithner would find better ways of dealing with this frustration I can understand why the outburst happened. He downplayed all the criticisms for so long and the others just kept pushing his buttons. That does not excuse the behavior but does make it understandable. I forgive him and do trust him.

“He did have time to get into the Cambridge issue – falling on his sword in the process. Beers with Biden in the Rose Garden takes precedence over casualties in Afghanistan.”
Helping Harvard pals takes precedence.

Despite the program’s popularity, cash for clunkers is bad medicine for the U.S. economy.
The first problem is that under the terms of the program, any used car that is traded in must be scrapped, and key parts like the engine and drive train destroyed. Thus the program pays people to junk cars that still have economic value. A good friend, for example, is planning to trade in a car that is in good working order. Before the program, he had planned to use the car for another couple of years.
How can it make any sense for policy to encourage the destruction of working cars? Proponents of the program offer two rationales: that the higher fuel efficiency of new cars will reduce the use of fossil fuel, and that the increased demand for new cars will rescue the failing auto industry. Neither of these defenses passes muster.
Cash for clunkers will have a minor impact, at best, on the use of fossil fuel. Many people who trade in clunkers would have upgraded to more fuel-efficient vehicles within a year or two anyway. Thus the program might hasten the adoption of more fuel-efficient cars and trucks, but this is a modest, one-off effect.
Worse, cash for clunkers might cause more driving, since new cars are more fun to drive, and more fuel-efficient cars are less costly to operate. Plus, it takes energy to scrap old vehicles and produce new ones, so the net effect of the program might even increase the use of fossil fuel.

Maybe what’s got Geithner so testy is the dropping dollar and the fact that the Chinese aren’t buying his obvious lies about being able to keep it propped up.
Look at the 5-day profile of DXY. You’ll note that Friday it fell steeply and the bottom is nowhere in sight.

“I forgive him and do trust him.”
Judy, I’ve got a bridge I want to sell you. Historic, great neighborhood, fantastic shape, best views…

Hey people, Timmy, Paulson, Larry Summers, Alan Greenspan, Bernakie, they are all from GOLDMAN SACKS. Figure.

Timmy, Larry Summers, Greenspan, Paulson,John Thain, Bernakie boy, they all came from Goldman Sacks, They call them”Goldmanite’s”.

Excuse me Axey: You are totally wrong, I think that Palin would have had a lot to say. She forgot even during the campaign that she was running for v.p. and never mentioned Mc Cain only herself. Mc Cain does not keep his word as he has not fought for the veterans he so often talks about. What has he achieved for them? He didnt even fight for good hospitals for them. Bob Woodward brought that to light, not Mc Cain. At least this administration has made it possible for them to get an education when the leave the service and that reverts to their children should they not return. I would think that an American such as Mc Cain would be fighting for veterans rights even during the Bush administration but he wasn’t. He also said he would never resort to the same tactics which were used on him when he ran against Bush but he forgot that and did the same to Obama as was done to him, misquotes, lies, misconceptions, etc. You forget Bush even knocked Mc Cain’s war hero record..I remember because I wanted to vote for Mc Cain and I was enraged by these tactics. However, when he ran, the swift boat tactics came into play.
It became politics as usual.

Dear Mr. Geithner: Please pay your taxes on time, or zip it! Who are you to lecture anyone on anything!!

“Also, Obama wasn’t responsible for this bill you love so much. It was signed into law last year by Bush.”
Then the bill must be bad. Bush signed it. Bush is bad. Obama is good!

I’m always so intriqued by this “magic” of closing Guantanemo Bay – as though it magically makes terrorism end. The headlines from Australia today should be a harbinger that terrorism is ongoing and spreading and expanding. And as far as the prisoners. I lost friends at Ground Zero – I would volunteer to fly to G.B. (and so would many of my friends) to waterboard anyone who had ANY information that would save ONE INNOCENT LIFE.
Recover and Reinvestment – HAH! With higher and higher taxes and more new taxes looming – as I’m typing this people with wealth are looking to move offshore or put it all in tax free bonds and go on vacation for 3 1/2 more years. There will be more than a few countries who realize our loss could be their big gain and they will WOO investment money to a tax free zone and WOOSH – the money goes somewhere.
And as far as PEACE in the Middle East – I don’t know what Kool-Aide you are drinking or what your age is but my honest opinion is that it has the highest probability of NEVER HAPPENING. The players change and the world turns. We also have Korea to contend with – or even look at CHINA. The men under 30 years of age in China outnumber the women by a head count EQUAL TO THE POPULATION OF CANADA. You honestly think all these men are going to be happy to go through life as bachelors with no partner??? History shows that countries have invaded other countries for reasons like this one.
I can just see all the Trophy Generation members sitting in waiting rooms for Health Care with their ear buds and cell phones. Lost in a sea of music and texting as they wait MONTHS to get an appointment to see a Doctor under a Federal Health Care plan. But it will actually give them something to do because, as the recent college graduates are finding out, THEY WILL HAVE NO JOBS.
Good paying jobs and industries will have left the country and gone to safe havens and those countries with a younger generation that DOES study math, science and actually speak English better than the average young person here in the USA.

How dare those government regulators criticize our Dear Leader and his administration!? They better be careful or Rahm might show ‘em how they exact revenge in Chicago!

We need input from Joe Biden and the financial czar, whomever that might be. Then we will know where we stand.

Unfortunately Mr. Geithner represents the thugs on Wall Street who are sucking the middle class (of all partisan stripes) in this country dry.
It started with Paulson and it continues with Geithner. I truly wish organizations like ABC would investigate what is truly happening. The reforms that are being discussed won’t help the average reader here or the nightly viewers.
While this comment is no place to expound on the problems, suffice it to say that Bernard Madoff himself was asked how he was able to “pull it off.” He didn’t say reform was needed—he pointedly said the SEC was asleep.
Honest brokers, investors, and businesses continue to play by the rules and a few gangsters continue to terrorize our economy.

will the next 2 billion last another 2 weeks where were these people during math class. well obama lies everyday I thought he attended a christian church where was he the day thay taught about lieing. where will he be on the day america gets attacked again playing hookie. god help america

The Obama administration is REFUSING TO RELEASE GOVERNMENT RECORDS on its “cash-for-clunkers” rebate program that would substantiate—or undercut—White House claims of the program’s success, even as the president presses the Senate for a quick vote for $2 billion to boost car sales.
Transportation Secretary Ray LaHood said Sunday the government would release electronic records about the program, and President Barack Obama has pledged greater transparency for his administration. But the Transportation Department, which has collected details about 157,000 rebate requests, WON’T RELEASE SALES DATA that dealers provided showing how much U.S. car manufacturers are benefiting from the $1 billion initially pumped into the program.
The Associated Press has sought release of the data since last week. But the public and Senate Republicans demanding more information will have to wait for details because federal officials running the program don’t have time to turn over data delivered by car dealers, said Rae Tyson, spokesman for the National Highway Traffic Safety Administration.
If the program has been such a success, why stonewall the AP, not exactly known for its hostility to the Obama administration? Perhaps because earlier administration claims about the program will be exposed as lies or exaggerations. For instance, LaHood claimed that the program most benefited Ford and their Focus. However, the AP has seen data that shows that the domestic automakers aren’t benefiting nearly as much as the White House claims — and that six of the top ten models sold in the program come from Toyota, Honda, and Hyundai.
Obama wants billions of dollars more in taxpayer subsidies for clunkers. Taxpayers have a right to know how their money already got spent in this program. Indeed, that data belongs to the public, and we certainly should review it before Obama spends billions of dollars more on it. That’s what transparency is all about.
And if Obama stonewalls on how money gets spent on Cash for Clunkers, imagine how he’ll react to demands for the records on ObamaCare.

Tiny Tim’s going down.

–And in the end, when that administration left office, the national debt was doubled and the economy was in virtual free-fall collapse.–
And Obama and his tax cheat Treasurer picked up right where Bush left off. Fine piece of work.

No, they’re trying to pick up the pieces of the crap left behind and move the country forward.
I bet.

This is disturbing to me because I think it’s continued evidence of the bullying tactics this administration is willing to employ. Other evidence of that to me is the President’s interaction over the college professor and police officer incident. I am wonder about more of his appointees to Czar positions as well and their previous ties to community organizations who employed the bullying tactic. We shall see. But it’s becoming more and more clear to me that this administration is trying to force its desires upon every aspect of the nation.

Good lord . . . Don’t they know better than to criticize “Dear Leader” and his policies. It’s off to the Glavnoye Upravleniye Lagere (GUAGS) for those traitors.

But actually all this will change in the future. We can’t even fill our slots in Engineering schools with U.S. students – they aren’t smart enough. So we fill them with foreign students. Our level of education is consistently dropping relative to the other industrialized nations. Now don’t go and say Bush did this because of standardized testing. Actually the TEACHERS UNIONS DID THIS ALL BY THEMSELVES. Their curriculum is full of crap – many foreigners speak English better than most U.S. born and educated students. They can’t write properly. They are constantly told “you must go to college – you must go to college”. They head to college – major in some bozo program and end up with $100,000 of debt and a junk bond diploma. BUT that tuition keeps generations of left wing TENURED professors on life pay check to preach the left’s socialistic party line.
Joe Biden spoke of Russia’s withering economy – he’s about the dumbest knot head’s in Washington. We will see how their economy fairs through this world recession.
It’s not secret but not reported that graduating college students are not finding jobs. But that’s o.k. because the business world has had it’s hands full with the trophy generations. They’ve been told from birth – you are wonderful, everyting you do is great and everybody wins. They have little work ethic, no concept of chain of command and come to work looking like they did when they werr lounging on their sofa at home. Maybe unemployment for 3 or 4 years will shake them up abit.

“BUT that tuition keeps generations of left wing TENURED professors on life pay check to preach the left’s socialistic party line.”
___________________________________
Again, more nonsense . . . they said the same thing during the Vietnam war about professors – all communists and anti-american. Complete crap.
50,000 dead americans and counting in Vietnam, the nonsense was finally given up.
Stop your ill-conceived and UNSUBSTANTIATED accusations.

Alyson – I have a degree from a top Ivy League business school – what about you. I worked in the financial world for my career and started out working in NYC when Jimmy Carter was President. Remember???19% interest?? There was NO economy. Don’t tell me I don’t know what’s happening in the world. My husband has been in international business for 30 years – and we are ACTIVELY involved internationally. What’s your business? READING ECONOMICS GIVES ONE A BASIS FOR VARIOUS THEORIES – IT ISN’T PRACTICAL BUSINESS KNOWLEDGE. When people espouse Keynesian theory I KNOW they haven’t run a business or owned one. It’s a static form of looking at the economy but the harsh reality is that the economy is dynamic – and moving all the time. And now it’s international which makes it move that much faster and with many more variables.
And Danita as far as Vietnam – my husband was there – were you? And look at the results after we left Vietnam in that region- or don’t you even know? Or care?
Keep blaming everything on Big Business but keep buying those products from the companies you HATE.
Cas for Clunkers was a “hold up”. We take on more debt – so people with crap cars can buy a car from Korea. That’s why the White House won’t release they details – they are cooking the #’s to make it look like a success story. Right now people are at junk yards buying cards for $300 that they then TOW to these car dealers to get the $4500 credit. Resourceful on their part – will it pump the economy. ABSOLUTELY NO.
Keep dreaming that the GOVERNMENT will fix everything – but sooner or later you have to WAKE UP and face reality.

And it was just announced that Panasonic will close its facility wher I live and outsource the jobs overseas. That is 90 people in our community that will lose their jobs. So much for hope and change.