Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $30,772
36%  
Woo hoo!! And the first 36% is in!! Thank you all very much!!

Keyword: geithner

Brevity: Headers | « Text »
  • Geithner: ‘How Well You Do in Life … Depends Too Much on the Color of Your Skin’

    05/19/2014 1:42:54 PM PDT · by Olog-hai · 33 replies
    Cybercast News Service ^ | May 19, 2014 - 11:44 AM | Melanie Hunter
    Former Treasury Secretary Timothy Geithner on CBS’s “Face the Nation” Sunday said how well one does in life “depends too much on the color of your skin and how rich your parent is.” “How well you do in life today, how good your education is, how good your health care is, depends too much on the color of your skin and how rich your parent is. And that’s something that should worry all Americans,” said Geithner. “Now, those are things government can do things about.” …
  • Geithner praises Obama

    05/18/2014 3:50:50 PM PDT · by Oldeconomybuyer · 11 replies
    Politico ^ | May 18, 2014 | By JONATHAN TOPAZ
    Former Treasury Secretary Timothy Geithner praised President Barack Obama on Sunday, saying he was "excellent in crisis." “I had an amazingly good experience with this president in this White House, ...who was willing at that time to put policy ahead of politics in a way that was very important for the country," Geithner said on CBS's "Face the Nation." “He was excellent in crisis. Good at making decisions. Very tough on the rest of us, very tough on all of us to examine all the options. And I never felt I was in a position where they put a political...
  • A Dog Whistle to the Left

    05/15/2014 5:49:59 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | May 15, 2014 | Judge Andrew Napolitano
    I am not a fan of former U.S. Treasury Secretary Timothy F. Geithner. He presided over the politically conceived, patently unconstitutional and anti-free market taxpayer bailouts of banks, automakers and insurance companies in the latter part of the administration of former President George W. Bush, when he was the head of the Federal Reserve Bank of New York, and during the first term of President Obama, when he was the secretary of the Treasury. In those years and still today he has argued that aggressive government intervention leads to a stronger financial system because the government will take risks with...
  • Italy's Berlusconi says was forced from office by EU 'plot'

    05/14/2014 3:09:13 AM PDT · by blueplum · 6 replies
    Reuters ^ | May 14, 2014 5:56am EDT | by James Mackenzie; Editing by Catherine Evans
    (Reuters) Rome - Former Italian Prime Minister Silvio Berlusconi repeated accusations on Wednesday that he was forced out of office at the height of the euro zone crisis in 2011 as the result of a "plot" by European Union officials. Berlusconi's comments followed the publication in Italy of extracts from a new book by former U.S. Treasury Secretary Tim Geithner which suggested that EU officials had approached the U.S. government with a project to force Berlusconi to resign. "They wanted us to refuse to back IMF loans to Italy as long as he refused to go," Geithner's book "Stress Test:...
  • Geithner is Trying to Rewrite History in New Book

    05/13/2014 6:41:20 PM PDT · by lbryce · 10 replies
    Mew York Post ^ | May 12, 2014 | John Cruedele
    What’s wrong with this picture? Tim Geithner, the former US Treasury secretary and one-time head of the New York Federal Reserve Bank, wants to be seen as one of the guys who got the financial system out of trouble. It wasn’t easy, he admits. And it wasn’t always neat. In fact, you might even call it messy. And — oh, my! — Geithner suffered for his efforts. He’s still suffering today. And you’ll understand this more fully if you cough up $25 for his new book. Tradition dictates that I give the book’s title and the publisher at this point....
  • Former Treasury Secty Tim Geithner Claims White House Asked Him to Lie During TV interviews: Book

    05/13/2014 12:04:39 AM PDT · by lbryce · 24 replies
    NY Daily News ^ | May 12, 2014 | Adam Edelman
    Former Treasury Secretary Timothy Geithner alleges in a new memoir that the White House asked him to lie during television appearances. Geithner, who led the Treasury Department from 2009 to 2013, said Obama administration officials routinely directed his talking points ahead of interviews scheduled on Sunday morning political talk shows. “I remember during one Roosevelt Room prep session before I appeared on the Sunday shows, I objected when Dan Pfeiffer wanted me to say Social Security didn’t contribute to the deficit,” Geithner wrote in his new memoir, “Stress Test: Reflections on Financial Crises.” “It wasn’t a main driver of our...
  • White House wanted Treasury Secretary Tim Geithner to LIE to the public

    05/12/2014 9:36:51 AM PDT · by Kaslin · 16 replies
    Mail online ^ | May 12, 2014 | FRANCESCA CHAMPERS
    The White House wanted Treasury Secretary Timothy Geithner to lie on Sunday talk shows to downplay the part Social Security played in driving the deficit, it was revealed today. Geithner writes in his memoir Stress Test, out today, that the White House communications director asked him to downplay the long term cost of Social Security spending to mollify the Democratic Party's base. 'I remember during one Roosevelt Room prep session before I appeared on the Sunday shows, I objected when Dan Pfeiffer wanted me to say Social Security didn't contribute to the deficit. It wasn't a main driver of our...
  • Timothy Geithner Teaches Standard & Poor's The Chicago Way

    01/24/2014 9:16:15 AM PST · by raptor22 · 10 replies
    Investor's Business Daily ^ | January 24, 2014 | IBD EDITORIALS
    Hardball: Hell hath no fury like an administration embarrassed by a top credit-rating agency stating the obvious — that its perilous spending policies and rising debts warranted a downgrade just like any poorly run business. Speaking at a fundraiser in Philadelphia on June 13, 2008, candidate Barack Obama said of his Republican opposition: "If they bring a knife to the fight, we bring a gun." In this case, in August 2011, Standard & Poor's brought an embarrassing downgrading of U.S. debt to AA+ from AAA in advance of the president's re-election bid, the first such reduction in U.S. history. In...
  • Bombshell sworn allegation against Tim Geithner

    01/22/2014 6:50:06 AM PST · by afraidfortherepublic · 32 replies
    The American Thinker ^ | 1-22-14 | Thomas Lifson
    If anyone thinks "Bridgegate" is an example of political bullying and abuse of power, then the sworn (under penalty of perjury) allegation of a corporate heavy hitter against Secretary of the Treasury Timothy Geithner is off the charts. Bloomberg Businessweek reports: Former U.S. Treasury Secretary Timothy Geithner told McGraw Hill Financial Inc. Chairman Harold W. McGraw III in 2011 that Standard & Poor's downgrade of the U.S. debt would be met by a response, S&P said. S&P filed a declaration by McGraw yesterday in federal court in Santa Ana, California, as part of a request to force the U.S. to...
  • Geithner Warned S&P Chairman US Would Retaliate For Downgrade

    01/21/2014 6:08:55 AM PST · by Rusty0604 · 14 replies
    Zerohedge ^ | 01/21/2014 | Tyler Durden
    <p>Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”</p> <p>Geithner’s response: “No risk of that.”</p> <p>“No risk?” Barnes asked.</p> <p>“No risk,” Geithner said.</p> <p>Considering that the US was downgraded by S&P just 4 months later, one person who certainly will never forget his idiotic preannouncement, is the former Treasury secretary, Tim Geithner. And being the sore loser that everyone suspected he was (although one hopes his recent well-paid move to Warburg Pincus will help soothe his sensitivity) it will come as no surprise that Geithner told the Chairman of embattled rating agency Standard & Poor's, that its downgrade of the US from AAA to AA+ "would be met by a response."</p>
  • Congressman: Justice Dept. Wiretapped the House of Representative's Cloak Room

    05/16/2013 3:47:13 AM PDT · by Crazieman · 57 replies
    The Weekly Standard ^ | 5/16/2013 | Daniel Halper
    California congressman David Nunes made the claim yesterday that the Justice Department wiretapped telephones in the House of Representative's Cloak Room, an exclusive part of the Capitol where members are able to privately interact with one another. Nunes made the claim on Hugh Hewitt's radio show. "I don’t trust the Department of Justice on this," said Hewitt, referring to the subpoenas the Justice Department to obtain the Associated Press's phone records. "Do you, Congressman Nunes?" "No, I absolutely do not, especially after this wiretapping incident, essentially, of the House of Representative. I don’t think people are focusing on the right...
  • Oh My… Breaking: Holder Justice Department Also Tapped House of Representatives Cloak Room

    05/15/2013 10:09:19 PM PDT · by revivaljoe · 83 replies
    gateway pundit ^ | may 15, 2015 | hugh hewitt
    HH: The idea that this might be a Geithner-Axelrod plan, and by that, the sort of intimation, Henry II style, will no one rid me of this turbulent priest, will no one rid me of these turbulent Tea Parties, that might have just been a hint, a shift of an eyebrow, a change in the tone of voice. That’s going to take a long time to get to. I don’t trust the Department of Justice on this. Do you, Congressman Nunes? DN: No, I absolutely do not, especially after this wiretapping incident, essentially, of the House of Representative. I don’t...
  • Would You Believe The Administration Got Phone Records of The House Of Representatives?

    05/15/2013 6:11:52 PM PDT · by PJ-Comix · 234 replies
    Hot Air ^ | May 15, 2013 | Duane Patterson
    That’s the revelation made by California Congressman Devin Nunes, who sits on the House Ways And Means Committee on Hugh Hewitt’s Show Wednesday night. Here’s the key part of that transcript: HH: The idea that this might be a Geithner-Axelrod plan, and by that, the sort of intimation, Henry II style, will no one rid me of this turbulent priest, will no one rid me of these turbulent Tea Parties, that might have just been a hint, a shift of an eyebrow, a change in the tone of voice. That’s going to take a long time to get to. I...
  • Vanity - Taxcheat Timmy to Head the Federal reserve (Larry Kudlow)?

    08/24/2013 7:35:59 AM PDT · by Perdogg · 10 replies
    WABC ^ | 08.24.2013
    I am listening to Larry Kudlow's radio show and he just said his source says that Obama may select Taxcheat Timmy to head the Federal reserve despite the conventional wisdom that the job is either going to Janet Yellen or Larry Summers. Despite what you may think of his opinions, Larry has good sources.
  • Timothy Geithner Is Key To IRS Scandal

    05/16/2013 7:45:48 PM PDT · by Texas Eagle · 18 replies
    Chriss Street and Co. ^ | May 16, 2013 | Chriss W. Street
    Acting IRS Commissioner Steven T. Miller was forced by to resign today, predominantly due to the July 7, 2011 memorandum that I discovered and published last weekend in my report, IRS HAD ENEMIES LIST IN 2010 & 2012. The document is written on U.S. Treasury Department stationary and demanded senior IRS management terminate attempts to force donations to selected tax-exempt groups be fully-taxed as gifts. The IRS admitted the groups examined were conservative, such as Tea Parties. The Miller memo appeared to confirm that he knowingly lied to Congress while under oath at least twice last year about predatory audits...
  • Bob Woodward Inadvertently Confirms Our Coming Economic Apocalypse

    09/10/2012 7:41:09 AM PDT · by SeekAndFind · 17 replies
    American Thinker ^ | 09/10/2012 | Monty Pelerin
    Bob Woodward has yet another book coming out, and the consummate Washington insider provides us with a glimpse of what's in it. In doing so, he inadvertently confirms what so many internet pundits have been warning about -- an economic catastrophe of unimaginable proportions. In the article in the Washington Post, Woodward describes the debt-ceiling confrontation between Congress and the President. It is likely that Mr. Woodward or most other political types do not recognize the admissions contained within the article. For these people, politics is a game of winners and losers. That is where the drama and excitement is....
  • Economic Official Sperling Warned Woodward (Alleged sender of 'regret' email)

    02/27/2013 7:10:57 PM PST · by kristinn · 19 replies
    Buzz Feed ^ | Wednesday, February 27, 2013 | Ben Smith
    The White House official whom Bob Woodward charged had crosssed a line by saying he would "regret" printing his version of a set of Washington negotiations was Gene Sperling, the director of the White House Economic Council, a source familiar with the exchange told BuzzFeed Wednesday. The email from Sperling to Woodward, which Woodward read to Politico Wednesday, has transfixed Washington, with Republicans and some in the press charging that it embodies a White House lording it over a cowed press corps. Woodward, Politico reported, called the top official — identified to BuzzFeed as Sperling — to tell him that...
  • RT's Keiser Report Says Geithner Peddled Inside Info In 2007

    01/28/2013 9:10:22 PM PST · by ExxonPatrolUs · 6 replies
    Russia Today ^ | 1-26-2013 | Max Keiser
    Video At Link
  • Geithner Appears to have Broken the Law

    01/20/2013 12:44:03 PM PST · by Oberon · 13 replies
    The Market Ticker Blog ^ | 1/19/13 | Karl Denninger
    From the Fed Transcripts: MR. LACKER. If I could just follow up on that, Mr. Chairman. CHAIRMAN BERNANKE. Yes, go ahead. MR. LACKER. Vice Chairman Geithner, did you say that they are unaware of what we’re considering or what we might be doing with the discount rate? VICE CHAIRMAN GEITHNER. Yes. MR. LACKER. Vice Chairman Geithner, I spoke with Ken Lewis, President and CEO of Bank of America, this afternoon, and he said that he appreciated what Tim Geithner was arranging by way of changes in the discount facility. So my information is different from that. Oh I see. Reuters...
  • Presenting The S&P500's 50 Point Surge Courtesy Of The Illegal "Geithner Leak"

    01/19/2013 10:37:55 PM PST · by Kennard · 7 replies
    Zero Hedge ^ | January 19, 2013 | Tyler Durden, nom de plume
    Yesterday we broke the news [24]of what is prima facie evidence, sourced by none other than the Federal Reserve's official August 16, 2007 conference call transcript [25], that then-NY Fed president and FOMC Vice Chairman Tim Geithner leaked material, non-public, and very much market moving information (the "Geithner Leak") to at least one banker, in this case then Bank of America CEO Ken Leiws, in advance of a formal Fed announcement - an act explicitly prohibited by virtually every capital markets law (and reading thereof). It was refreshing to see that at least several other mainstream outlets, including Reuters [26],...
  • "Wall-Street-Bonus" Lew to Replace "Tax-Avoider" Geithner at Treasury (It's good to be a crony)

    01/19/2013 7:36:28 AM PST · by SeekAndFind · 3 replies
    Forbes ^ | 01/19/2013 | Paul Roderick Gregory,
    Barack Obama vilifies both “Wall Street speculators “who pay themselves big bonuses when times are bad” and the greedy top Two Percenters who do not pay “their fair share” by exploiting tax loopholes. With such strongly articulated views, his nominee for Secretary of Treasury, Jack Lew, and his current Secretary of Treasury, Timothy Geithner, appear to be unlikely choices for such a sensitive cabinet position. Jack Lew collected over two million dollars for his short stint at the collapsing Citigroup. Tim Geithner, whose earnings placed him in the top two percent, conveniently forgot to pay a substantial portion of his...
  • Obama's Rats Jump Ship to Line Their Pockets!!!

    01/12/2013 11:14:07 AM PST · by NOBO2012 · 1 replies
    Michelle Obama's Mirror ^ | 1-12-2013 | MOTUS
    It’s getting hard to keep up with all the rats abandoning ship around here. It looks like we’ll be rearranging a few of the deck chairs ahead of our historic first, second inauguration.   Here, help me move this a little more to the left Here’s what we know so far regarding the rats bailing on us: Hillary’s leaving State to “pursue other interests” i.e. making money on the lecture circuit with Bill. More than likely she’ll be replaced by lantern jawed senior statesman Jean Karré, who finds our military reminiscent of Genghis Kahn(snip) Let’s just say there is a...
  • Jack Lew may succeed Timothy Geithner as treasury secretary, sources say

    01/09/2013 7:38:33 AM PST · by Perdogg · 36 replies
    President Barack Obama may choose White House Chief of Staff Jack Lew to replace Treasury Secretary Timothy F. Geithner as soon as this week, according to two people familiar with the matter.
  • Bad news: Paul Krugman won’t take Treasury job

    01/07/2013 10:04:35 AM PST · by SeekAndFind · 20 replies
    Hotair ^ | 01/07/2013 | Ed Morrissey
    Well, it's bad news for Danny Glover and MoveOn, anyway. They started a grassroots movement to get the New York Times columnist an appointment to Barack Obama's Cabinet in replacement of the departing Tim Geithner. MoveOn even sent a petition request to its large e-mail list, demanding a Paul Krugman nomination: Hollywood actor and liberal activist Danny Glover is trying to send a message to President Barack Obama: “Nominate Paul Krugman for Treasury Secretary.”Obama has yet to tap anyone to fill the slot, soon to be left vacant by outgoing Treasury Secretary Timothy Geithner. On Sunday the liberal advocacy group...
  • The $13.6-Trillion Man: Geithner Sets All-Time Record for Spending by Treasury Secretary

    01/03/2013 5:20:10 PM PST · by Olog-hai · 13 replies
    Cybercast News Service ^ | January 3, 2013 | Terence P. Jeffrey
    Treasury Secretary Timothy Geithner, who reportedly will leave office at the end of this month, is already responsible for spending and borrowing more money than any of his predecessors as secretary of the Treasury. The U.S. Senate confirmed Geithner on Jan. 26, 2009. Between February 2009, the first full month of Geithner’s tenure, and the end of November 2012, the last full month for which federal spending records are available, the U.S. Treasury dispensed approximately $13.582319 trillion. …
  • TIMOTHY GEITHNER LEAVING BEFORE DEBT CEILING DEAL IS DONE BECAUSE HE NEVER REALLY CARED ANYWAYS

    01/03/2013 12:39:37 PM PST · by Fred · 9 replies
    ScrapeTv ^ | 010313 | Edward Bastil, Political Correspondent
    Washington, D.C. – It is possible, possible, that the massive shuffling of Cabinet positions for president Obama will have a positive effect on his next four years in office. With so many people leaving the make-up of the team that led to a lot of mediocrity and divisiveness will be fundamentally altered.timothy geithner leaving obama administration Some of those changes, say Secretary of State, clearly trade one strong player for another but in other places the changeover will not be as smooth or as clearly good. There is, perhaps, no position more important in all of this than the change...
  • Geithner: Debt Limit of $16.39 Trillion Will Be Met New Year's Eve

    12/26/2012 10:28:26 PM PST · by Olog-hai · 31 replies
    Cybercast News Service ^ | December 26, 2012 | Elizabeth Harrington
    Treasury Secretary Timothy Geithner said the U.S. debt limit of $16.394 trillion will be met on New Year’s Eve, in a letter to Congress on Wednesday. “I am writing to inform you that the statutory debt limit will be reached on December 31, 2012, and to notify you that the Treasury Department will shortly begin taking certain extraordinary measures authorized by law to temporarily postpone the date that the United States would otherwise default on its legal obligations,” Geithner said in the letter addressed to Senate Majority Leader Harry Reid (D-Nev.) Geithner said “extraordinary measures” taken by the Treasury Department...
  • Secretary Geithner Sends Debt Limit Letter to Congress

    12/26/2012 9:34:07 PM PST · by Celerity · 29 replies
    Treasury Department ^ | December 26, 2012 | Matt Anderson
    Today, Secretary Geithner sent the following letter to Congress regarding the debt limit. *** December 26, 2012 The Honorable Harry Reid Majority Leader United States Senate Washington, DC 20510 Dear Mr. Leader: I am writing to inform you that the statutory debt limit will be reached on December 31, 2012, and to notify you that the Treasury Department will shortly begin taking certain extraordinary measures authorized by law to temporarily postpone the date that the United States would otherwise default on its legal obligations. These extraordinary measures, which are explained in detail in an appendix​ to this letter, can create...
  • Tim Geithner: U.S. to hit debt ceiling on Monday

    12/26/2012 7:25:35 PM PST · by SeekAndFind · 18 replies
    CNN Money ^ | 12/26/2012 | Jeanne Sahadi
    Government borrowing will hit the debt ceiling on Monday, Treasury Secretary Tim Geithner said in a letter to Congress Wednesday. As a result, the Treasury Department will soon start using what it calls "extraordinary measures" to prevent government borrowing from exceeding the legal limit. Such measures include suspending the reinvestment of federal workers' retirement account contributions in short-term government bonds. On Monday, debt subject to the limit was just $95 billion below the $16.394 trillion debt ceiling. All told, the extraordinary measures can create about $200 billion of headroom under the limit -- normally about two months worth of borrowing....
  • Uncle Sam Books 50% Loss As Government Motors Buys Back 200MM Shares From Tim Geithner

    12/19/2012 7:43:06 PM PST · by Nachum · 10 replies
    zero hedge ^ | 12/19/12 | tyler durden
    A few days after divesting its stake in the firm that started it all, AIG, and at a profit at that (ignoring that the risk has merely been onboarded by the Fed whose DV01 is now $2+ billion as a result), the US Treasury continues to divest of all its bailout stake, this time proceeding to GM, where the channel stuffing firm just announced it would buyback 200MM shares from the US government at a price of $27.50. More importantly, the "Treasury said it intends to sell its other remaining 300.1 million shares through various means in an orderly fashion...
  • New plan. We just won’t collect the taxes

    12/09/2012 5:00:21 PM PST · by SeekAndFind · 26 replies
    Hotair ^ | 12/09/2012 | JAZZ SHAW
    There's a new bit of creative thinking making the rounds in DC this weekend, proving yet again that not all ideas wind up being good ones. According to this line of thought, assuming no deal is reached to prevent tax rates from going up on the middle class, Timothy Geithner has certain, hidden superpowers which will save the day. If the tax rates go up, people won't need to worry about it because we just won’t withhold the extra money from their paychecks. The White House has the power to temporarily protect taxpayers from middle-class tax hikes even as upper...
  • Obama Wants a War

    12/04/2012 10:05:24 AM PST · by SeekAndFind · 15 replies
    American Thinker ^ | 12/04/2012 | Christopher Chantrill
    Conservatives seem to be nonplussed about President Obama sending Treasury Secretary Geithner to Capitol Hill without a proposal for a grand bargain on entitlements. But why? Worrying about debt and default and entitlements is for the responsible people. Responsibility is for the people who believe in the "responsible self," the notion developed a couple of millennia ago during the Axial Age. Responsibility is for the bourgeoisie. President Obama is above all that. Liberal politics in general is above all that. Their politics is about war, not about nice comfortable entitlements. President Obama's War? He's fighting a war on "inequality." Even...
  • MILLER: Obama is left of liberals

    12/03/2012 5:23:13 PM PST · by jazusamo · 15 replies
    The Washington Times ^ | December 3, 2012 | Emily Miller
    Geithner’s fiscal cliff offer might not even be able to pass Democratic SenateTreasury Secretary Timothy F. Geithner did what Washingtonians call the “full Ginsburg” on Sunday. The term refers to Monica Lewinsky’s lawyer, William H. Ginsburg, who was the first to appear on all five network Sunday interview shows in one day. Mr. Geithner’s whirlwind tour revealed more of the White House’s endgame for the fiscal cliff negotiations, and it’s evident President Obama is positioning himself to the left of his own party. For the first time, Mr. Geithner revealed to Fox News’ Chris Wallace the White House determination to...
  • (Tax-cheat Timmy) Geithner presses GOP, says no deficit deal unless tax rates rise on wealthy

    12/02/2012 4:45:17 PM PST · by Libloather · 44 replies
    The Hill ^ | 12/02/12 | Meghashyam Mali
    Geithner presses GOP, says no deficit deal unless tax rates rise on wealthyBy Meghashyam Mali - 12/02/12 09:50 AM ET Treasury Secretary Tim Geithner sought to raise pressure on Republicans amid “fiscal cliff” talks, insisting Sunday that any deficit deal would need to raise tax rates on the wealthiest. “There's not going to be an agreement without rates going up,” said Geithner, who appeared on all Sunday morning shows, during an interview with CNN’s “State of the Union.” “If they are going to force higher rates on virtually all Americans because they're unwilling to let tax rates go up on...
  • White House Offers New Fiscal Plan, Prodding G.O.P.

    11/29/2012 3:03:40 PM PST · by tobyhill · 36 replies
    ny times ^ | 11/29/2012 | By JONATHAN WEISMAN
    House Republicans said on Thursday that Treasury Secretary Timothy F. Geithner presented the House speaker, John A. Boehner, a detailed proposal to avert the year-end fiscal crisis with $1.6 trillion in tax increases over 10 years, an immediate new round of stimulus spending, home mortgage refinancing and a permanent end to Congressional control over statutory borrowing limits. The proposal, loaded with Democratic priorities and short on detailed spending cuts, was likely to meet strong Republican resistance. In exchange for locking in the $1.6 trillion in added revenues, President Obama embraced $400 billion in savings from Medicare and other entitlements, to...
  • WH 'surprised' GOP laughed at Geithner offer

    11/30/2012 9:30:23 AM PST · by Nachum · 44 replies
    Washington Examiner ^ | 11/30/12 | Joel Gehrke
    President Obama’s spokesman said he was “surprised” that Republicans laughed at a proposal from Treasury Secretary Tim Geithner that would raise taxes by $1.6 trillion, increase spending, and give the president unilateral control over the debt ceiling. “I was surprised they [the Republicans] were surprised,” White House Deputy Press Secretary Josh Earnest told reporters today during the press gaggle when asked about the proposal Geithner made in a meeting with Senate Minority Leader Mitch McConnell, R-Ky. “There is no reason for anybody to be surprised.” Geithner foreshadowed this proposal with comments made to Bloomberg TV last week. “It would have...
  • McConnell 'Burst Into Laughter' as Geithner Outlined Obama's Plan

    11/29/2012 4:47:55 PM PST · by Hojczyk · 139 replies
    The Weekly Standard ^ | November 29,2012 | FRED BARNES
    Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts. Geithner’s visit to his office left McConnell discouraged about reaching a “balanced” deal on tax hikes and spending reductions designed to prevent a shock to the economy in January. “Nothing good is happening” in the negotiations, McConnell says, because of Obama’s insistence on tax rate hikes for the wealthy but unwillingness...
  • Treasury Secretary Geithner: Lift Debt Limit to Infinity

    11/19/2012 8:41:48 AM PST · by Nachum · 48 replies
    CNS News ^ | 11/19/12 | Elizabeth Harrington
    About Us Resources Send Tips Donate RSS CNSNews.TV On the Spot On the Scene The Schein OTJ Golden Hookah Home » News Treasury Secretary Geithner: Lift Debt Limit to Infinity By Elizabeth Harrington November 19, 2012 Subscribe to Elizabeth Harrington's posts (CNSNews.com) - Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity. On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate the debt ceiling.” “Oh, absolutely,” Geithner said. “You do?...
  • Who will be Obama's new Treasury chief?

    11/07/2012 8:24:29 AM PST · by ExxonPatrolUs · 12 replies
    CNN ^ | 11-07-2012 | Jennifer Liberto
    WASHINGTON (CNNMoney) -- Even with the same president, the United States will have a new Treasury Secretary. Tim Geithner, the last holdover from President Obama's original economic team, has indicated he's ready to leave after four tumultuous years. With Obama's victory, Geithner is expected to resign soon, but Treasury officials are mum on the details.
  • Geithner Favors Fannie Mae Debtholders over Taxpayers … Again

    08/19/2012 7:48:39 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | August 19, 2012 | Mark Calabria
    You have to give Treasury Secretary Tim Geithner some credit for spin: today the Treasury announced “Further Steps to Expedite Wind Down of Fannie Mae and Freddie Mac.” The only problem is that the steps announced largely put the taxpayer at greater risk in order to protect holders of Fannie and Freddie debt. Essentially, the Treasury has amended its agreements with Fannie and Freddie so that the companies no longer have to pay a fixed dividend to the U.S. taxpayer, but instead “every dollar of profit” from the companies to the taxpayer. The problem is that the Government Sponsored Enterprises...
  • Emails show Obama administration involvement in killing non-union auto pensions

    08/08/2012 7:08:29 PM PDT · by neverdem · 28 replies
    Human Events ^ | 8/7/2012 | John Hayward
    Matthew Boyle of the Daily Caller reports that internal emails show Treasury Secretary Tim Geithner was “the driving force” behind terminating the pensions of 20,000 non-union retirees from the Delphi auto parts manufacturing company, as part of the government’s bailout plan for General Motors.  Union workers, on the other hand, “saw their pensions topped off and made whole.” This decision was supposed to be made by the independent Pension Benefit Guaranty Corporation, which is meant to be free of political influence, so it can represent the interests of private-sector pensioners.Instead, the Daily Caller unearthed a string of emails that show...
  • Cardinal Timothy Dolan Will Host Obama at White-Tie Fundraiser for Health Care Causes

    08/08/2012 8:02:38 AM PDT · by afraidfortherepublic · 21 replies
    CNS News ^ | 8-8-12 | Terrence Jeffrey
    (CNSNews.com) - President Barack Obama, who is moving ahead with a regulation that forces observant American Catholics to act against their consciences and the teachings of their faith, will be one of the keynote speakers at an Oct. 18 white-tie fundraiser hosted by Cardinal Timothy Dolan, the archbishop of New York and president of the U.S. Conference of Catholic Bishops. The fundraiser—the annual Alfred E. Smith Memorial Foundation Dinner--will benefit the foundation, which Cardinal Dolan serves as board president. The foundation's website says it provides funding “for healthcare causes.” Al Smith, a three-term governor of New York, became the first...
  • New TV ad to attack Obama, Geithner on lost Delphi pensions [VIDEO]

    08/07/2012 5:53:48 PM PDT · by Nachum · 10 replies
    The Daily Caller ^ | 8/7/12 | Matthew Boyle
    A new video advertisement from conservative advocacy group Let Freedom Ring features the stories of several Delphi salaried retirees, who lost their pensions at the hand of the Secretary Tim Geithner’s Department of Treasury. “I would ask President Obama why I had no rights and he had all the rights to take my pension away and never ever look back and say not only did I take it from Mary Miller, but I took it from 20,000 other people and their families,” one Delphi salaried retiree, Mary Miller, says in the ad. “It’s made life pretty rough. I’ve really struggled...
  • Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions

    08/07/2012 5:10:44 AM PDT · by Cincinatus' Wife · 58 replies
    Daily Caller ^ | August 6, 2012 | Matthew Boyle
    Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company. The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions. The internal government emails contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that the administration misled lawmakers and the courts about the sequence of events surrounding...
  • Geithner meets with Murray amid growing anxiety over fiscal cliff (tax the rich crowd)

    08/02/2012 11:02:26 PM PDT · by Libloather · 8 replies
    The Hill ^ | 8/02/12 | Alexander Bolton
    Geithner meets with Murray amid growing anxiety over fiscal cliffBy Alexander Bolton - 08/02/12 07:44 PM ET Treasury Secretary Timothy Geithner met with Sen. Patty Murray Thursday amid increased fears in Washington that Congress might decide not to act to prevent the nation from going over the so-called fiscal cliff. Murray, (Wash.), the Democratic co-chair of the 2011 deficit supercommittee, recently said that Democrats would allow all of the Bush tax rates to expire and then seek to renew lower rates for the middle class, unless Republicans agree to raise taxes on the nation’s highest income earners. As Treasury secretary...
  • Geithner’s Waterloo?

    07/27/2012 5:25:44 PM PDT · by Starman417 · 3 replies
    Flopping Aces ^ | 07-27-12 | James Raider
    When Tim Geithner became Treasury Secretary he was appointed even though he had skipped on taxes and paid $42,702 to make up his omission. He pretended at the time that this failure to pay taxes owed for a number of years had simply been an oversight. Anyone really paying attention at the time, and applying reasonable judgment, was astonished. The Former head of the New York Fed was being placed into the control seat of the Nation’s Treasury. Not a single taxpayer in the Nation who trudges through the annual process of filing income taxes believed Geithner’s excuses on this egregious wrong...
  • GAO: Hardest Hit Funds Consumed By Administrative Expenses and Too Little Money Getting to Borrowers

    07/20/2012 3:45:23 PM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 07/20/2012 | Anthony B. Sanders
    The Government Accounting Office (GAO) released a report entitled “TROUBLED ASSET RELIEF PROGRAM: Further Actions Needed to Enhance Assessments and Transparency of Housing Programs.” The report is not a flattering portrayal of their efforts to provide transparency for TARP. I testified in the House of Representatives in 2008 on transparency for the $700 billion TARP saying that “Greater transparency about use of the TARP money can alleviate concerns among U.S. taxpayers and the investment community that the funds are being used appropriately and not being wasted.” Apparently, Secretary Geithner didn’t agree with my testimony. So, what did the GAO conclude...
  • Special IG: Geithner dropped 'f-bombs' when I said he wasn’t transparent enough

    07/19/2012 8:04:32 PM PDT · by Nachum · 8 replies
    Washington Examiner ^ | 7/19/12 | Joel Gehrke
    Treasury Secretary Tim Geithner gets very angry at the suggestion that he conduct the bank bailouts in a transparent manner, according to Neil Barofsky, the former special inspector general for the Treasury Department. “Neil, I have been the most f–king transparent secretary of the Treasury in this country’s entire f–king history!” Geithner shouted at Barofsky in 2009, the former inspector general writes in his new book Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street. Geithner’s anger stemmed from Barofsky saying, “Mr. Secretary,
  • Libor rate manipulation scandal addressed quickly, says Geithner

    07/18/2012 12:01:37 PM PDT · by Nachum · 4 replies
    Politico ^ | 7/18/12 | ap
    WASHINGTON (AP) — Treasury Secretary Timothy Geithner said Wednesday that he acted quickly and appropriately to deal with problems in a key global interest rate once he realized the rate-setting process was flawed. Geithner, who was then head of the Federal Reserve Bank of New York, said during an interview with CNBC that he sent a memo in 2008 to British banking authorities outlining his concerns about possible manipulation of the London interbank offered rate (Libor). He also said he alerted U.S. regulators.
  • Tim Geithner “Aided and Abetted” LIBOR Crimes

    07/17/2012 7:35:38 PM PDT · by JustTheTruth · 22 replies
    Yahoo Finance ^ | July 17, 2012 | Jim Rickards
    (snip) The LIBOR scandal is "so big I don't think people have got their minds around it," says Jim Rickards, a partner at JAC Capital Advisors and author of Currency Wars: The Making of the Next Global. "This is the largest financial scandal I've seen in my career." If $500 trillion of swaps are based on LIBOR and the rate was manipulated by 10 basis points over five years, that's $2.5 trillion of fraudulent transactions -- more than the combined capital of the nation's five largest banks, Rickards explains. "Congress may have to step in to limit the damages because...