NBC News reports Obama will nominate: Tim Geithner.
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(insert wideclops comment here)
First to realize that Bess is a sheep in wideclops clothing…
A wideclops is also joining as SoS according to NYT.
(confirm this is proper use please)
I like this hire
Thumbs up from me, too
Another CFR kissinger bot. Well, at least he speaks some East Asian languages. We’ll need that kind of in with our new Chinese owners.
At LEAST he’s not a Goldman alum…
Another CFR kissinger bot. Well, at least he speaks some East Asian languages. We’ll need that kind of an in with our new Chinese owners.
At LEAST he’s not a Goldman alum…
I really wanted Charlie Gasparino, what with all of his talent in moving the markets
Almost would rather have Summers just to piss off the feminazis
5/6 Please elaborate. No street experience, unless you count Liberty Street. Is that good? Just askin.
Are you sure Timmay is qualified?
He didn’t work at GS.
Not good.
His wife is effin HOT
Good pick
He’s pretty conservative?
We’re FUCKED.
he’s seriously more incompetent than Michael Brown at FEMA. Maybe he will let citi fail like he did with lehman
TIMMAAAAY!!!!
Are you sure Timmay is qualified?
He didn’t work at GS.
Not good.
Wow that MS/boots thread went from prudishness to stalking to death threats….
HR can dish out, but obviously not take it
Timothy Franz Geithner is the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC).
After completing his studies, Geithner worked for Kissinger and Associates in Washington, DC, for three years and then joined the International Affairs division of the US Treasury Department in 1988.
In 1999 he was promoted to Under Secretary of the Treasury for International Affairs and served under Treasury Secretaries Robert Rubin and Lawrence Summers.
In 2001 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in October 2003.[1] In 2006 he became a member of the influential Washington-based financial advisory body, the Group of Thirty.
On 21 November 2008, CNBC reported that Geithner would be nominated for the position of Treasury Secretary for the Obama administration.
He was involved in the Bear Stearns and AIG Bailout and the decision to let Lehman Brothers fail.
“he’s seriously more incompetent than Michael Brown at FEMA. Maybe he will let citi fail like he did with lehman”
wtf? That was Bald’s call
@11
he’s the head of the ny fed, just as good for me.
hi
poor choice. he was at fed as cds market expanded then exploded. obama should have pick el-erian for treasury secretary.
@23
Dow 8,000. Don’t call it a comeback.
I am unable to comment on his wife since I have never seen her pic. Anyone have a link??
But really this guy has a lot of policy experience at the NY Fed and Treasury, and no Wall St. hours (and of course non at Goldman). I see this as a positive (necessary condition to being a decent nominee). Unfortunately this guy is a bit slip-shot on his decision making and will cause a lot of uncertainty in the markets. Just take a look at his comments and decisions during the Russian, Asian and current crises. One moment he is ready to give away the house the next he is ready to punish. He is not a good choice.
“Mr. Geithner joined the Department of Treasury in 1988 and worked in three administrations for five Secretaries of the Treasury in a variety of positions.”
Simply put, that is called experience.
There is more to the Treasury than the street. The govt. has its own balance sheet to deal with.
23, option expirations are fun!
And the market spikes. See how easy this shit is?
Santelli just said something to the effect that “traders will be watching the news over the weekend” and that a trader said “could this be tied to Citi?” and he thought that was a good comment.
O to announce the rest of his team Monday, personally, to calm the markets, per CNBC.
What – no connection, paper trail, history or lifeline to GS? Are they kidding – how is this guy going to survive unless he has someone for those “casual dialogs”?
In life, you’re either the HAMMER or the NAIL, so after this forgettable week and given its a Friday . . .
the real question becomes . . .
Would you rather get HAMMERED or NAILED??
He’s gonna regulate all the investment banks! Oh wait, there are no investment banks left… its only banks now.
Nice pick. I was kinda hoping for Austan Goolsbee out of left field… that probably would have sent the market haywire while they tried to figure who he is.
Pretty good… pretty pretty pretty pretty good.
@31 another opportunity to buy some puts.
In life, you’re either the HAMMER or the NAIL, so after this forgettable week and given its a Friday . . .
the real question becomes . . .
Would you rather get HAMMERED or NAILED??
GO Tim…….Sykes.
Maybe we will learn something about the top dogs that everyone seems to know but the public?
why not pick Dr Paul?
@34
Most people go for the former then the latter…
I prefer the latter then the former…
“bitches ain’t shit but hoes an’ tricks”
Larry Summers
LOL. The new Treasury Sec announcement STILL didn’t help Citi’s cause! LOL
http://www.youtube.com/watch?v=Bj6PdoZaqCI
Doobie Brothers: “What a fool believes…”
Happy Friday!!!
Why isn’t he announcing “the rest of the team”? Why wait until Monday? I mean its not like he is doing something else, or more important.
@43
Hasn’t helped any of the large banks
causes clown.
@43 not helping the rest of the slaughtered bulge banks clown.
drudge says: “NYT Hillary to Accept”
I’m buying the PPT argument at this point.
Oh Shoot! This means that C will be sold by Monday for sure. This means I lose my Sunday!
Again…unfreakingbelievable!!
Everyone knows the drill…CEO and his executive staff stays at work through the weekend…Bald & Beard start calling banks to see who wants to buy C…CEO lounges around in khakis and a navy sweater while his board goes Ape$#! because the offer for C will be $0.02/sh…Godd@mnit!
Then Bald goes in for the kill and issues the ultimatium to sell the bank in pieces or declare bankrupcy by 8pm EST on Sunday before the Asian markets open.
CNBC crew has to trek on over to the corp offices and cover people walking out with boxes.
I can’t wait to get my Sundays back again!
Because what we really need is another Dartmouth man as Secretary of Treasury.
Hey guys, does anyone have an activation code for Excel?
This is Change- finally someone who wasn’t part of the Clinton administration or one of their congressional cheerleaders
15SX3-45DSY-98OPE-76RM8-VPN2S
hi bois
anyone going to bro jimmy’s tonight? or maybe j tree?
: > )
Who is going to repalce him at the NY Fed? The NY Fed, BTW, according to CNBC, isn’t commenting.
So is HIllary accepting what?
hi bois
anyone going to bro jimmy’s tonight? or maybe j tree?
: > )
@45 and 46 -
My point was to show how quickly the markets react to news in general, particularly the overall indexes but still ignore shitty ass banks (e.g. CITI).
Let me guess, 45 you’re the catcher, and 46 you’re the pitcher?
@ the pic of Timmy G:
Photographer: “You’re a kitten, NO you’re a tiger! you’re king of the jungle! Show them your claws! GROWL!
I don’t know if I can support the nomination of anyone who’s clearly thinking abt grabbing boobs while testifying before Congress abt the bank failures and bailouts. (Had to be said. Can’t believe it wasn’t already.)
@22:
Bullshit TMMAY2 was in the room and if he’d argued strongly enough they could have done a Bear Stearns type solution. Its like Micheal Brown saying he didn’t build the levy, that was the army corp of engineers… but he was still responsible for prevent the disaster given the state of the levies.
58 go back to gawker pervert
caption: “watch me bitches, I’m going to claw your eyes out”
caption: “watch me bitches, I’m going to claw your eyes out”
@62
But us Ibankers love bro jimmys and j tree.. its so FUN!
look for me, i will have a pink shirt and blazer on!
ok 65 I concede…
that made me laugh
Geithner’s twitchy mannerisms are pretty irritating. He always seems like he’s coked up.
Of course Geithner is qualified. Unlike Paulson who had to work at Goldman to gain cred, Geithner was born to the tribe… if you know what I mean.
“Change is the law of life, and those of us that look only to past and the present are certain to miss the future.”
-John Fitzgerald Kennedy
Figured it was time to end the week on a positive note!
@68. He didn’t go to William & Mary. He attended Dartmouth. What do you mean?
Question of the day:
Who is going to pick up some tall “f-me” boots before going to Mansion tonight in anticipation of a wideclop role-playing freak fest at the end of the night???
Remember the good old days when daddys would give their slutty daughters money to take the Staten Island Ferry over to go drink at Moran’s by the WFC to pick up a nice successful Wall Street guy?
Man I miss those days – and those daughters!
isn’t the staten island ferry free?
isn’t the staten island ferry free?
Easy confirmation.
O knows how to vet.
Wideclops should go to Paulson now and ask him to abandon the premises.
#72, and those “successful wall street guys”
76 If they’re smart the SI girls will hang closer to home and find themselves a plumber or carpenter.
.. T.F. ???
http://query.nytimes.com/gst/fullpage.html? res=9402E3DA1539F93AA35755C0A963948260
…or a mob guy. That business always seems to be doing well.
How does this FBR guy get in front of the camera wearing that hideous jacket. wtf?
some blogs are saying Bill will replace Hill, can that happen?
Did Bill use a cigar on wideclops? Please advise ASAP.
@68…Barchu et adonai! Barchu et hamvora!
anyone will be better than Bald. nothing but rocks in that head.
Integral [Houseboat] = Log cabin + C
CitiGroup News Flash…
At 3:57pm, TGFD bought 2500 shares of Citi @ $3.65 net each(incl commission). I guess we’ll see what happens.
Citi closed at 3.77 and is over 4.00 in the after-hours.
I can’t see Citi failing, but something big may happen this weekend. Good or bad, TGFD doesn’t know, but something will.
Some of the comments on DB today convinced me to make the Citi buy.
The Guy from Delaware
Fucking Bill Richardson is going to be Commerce Secretary.
I would not let bill richardson be in charge of fushing toliets (and i lean to the democratic side).
best of luck to you on the trade TGFD
TGFD…you better hope that’s an arb strategy b/c that’s the only way you make $$$ on C right now…
@81 a vacated senate seat is filled by an appointment by the governor (Patterson). Bill is a resident of NY and eligible.
Q: If only the first year analysts are left why are people paying attention to anything they say?
Q: Why was Dylan Ratigan on with the ladies of the View today and why hasn’t he been doing his programs for the last couple of days?
What does anyone know about this guy? What’s his position on cap gains taxes?
TGFD: you are up $875.00 on paper going into the weekend? Isn’t that something you should be discussing on Yahoo!finance?
90 Maybe so, but my guess for the pick would be Anthony Weiner.
He will to fine.
why?
Because noboy escapes “The CLAW”!!
Over 1 Billion shares of Citi traded today, and the last trade size was 12,800,200 shares, executed on NYSE. It must have been a buy because my system shows it to be positive volume. Somebody big must be thinking like TGFD.
The Guy from Delaware
p.s. @#88…Thanks for the “best of luck”.
@#93…
TGFD doesn’t know anybody at Yahoo! finance. I’ve never been there either.
I get all my financial news (and abuse) right here on DB. TGFD is satisfied with the relationships I’ve developed here over the past 8 months. No need to go anywhere else.
The Guy from Delaware
Gasbagarino just brought up the fact that Geithner is buds with Bob Rubin, and Bob Rubin is on Schitti’s board. What does that mean? I have no idea, and neither did Gasbagarino.
Watch for a Lehman-style Dead Cat Bounce next week for Citi:
http://yourmortgageoryourlife.wordpress.com/2008/09/04/lehman-brothers-dead-cat-bounce/
I said over a year ago that Citi needed to spin off it’s Mort and CC Divs – Their retail banking reach and wealth management make them undervalued – if you can afford to go long on them.
Pandit wrote down some of the of-books vehicles, but they have at least another $50B floating oput there, plus the losses on AltA, Prime, and Heolo/Heloc c*** they have on the books.
Pandit was holding out for a big bailout – and still is – but Paulson yanked the rug out from undr him last week with his TARP administrative whims – they also put the naked short sale back in action as they want to drive Citi to it’s knees – like a Mafia hit on a weak ‘family’ – JPM Dimon and the GS Kabal are taking everyone out:
http://yourmortgageoryourlife.wordpress.com/2008/10/06/did-jpmorgan-almost-fail-jekyll-island-investment-still-paying-dividend/
Citi is in their sites now, Lewis and B of A are next. Watch Wells scramble to get big enough to fight back – but buying WaMu c*** is not going to do it – they need to merge up with US Bank to survive – if they don’t scare each other off with the toxic mortgages they have portfolioed.
2009 will suck. 2012 will be bottom. Dow will break 3000. We will all be bankrupt.
Happy Holidays!
oh c’mon DB crowd…no one found TG link to GS yet (albeit small and not like he worked there)
that being said, GREAT EFFING CHOICE!!
maybe he had an internship during the summer? #100
Has Geithner ever had a job in the private sector? I’m pretty sure he’s a lifelong government bureaucrat.
He worked for both rubin and summers?
@100
He was Paul Volcker’s right hand man; Volcker was his mentor.
Draw from it what you will.
New flash!!!! Take a look at Geithner’s wedding announcement from 1985!!!
http://query.nytimes.com/gst/fullpage.html?res=9402E3DA1539F93AA35755C0A963948260
His dad was his best man!!!…….mmmmmmmmmmm……I guess he did not make any friends at school:))
Geithner is a technocrat.Not the type to actually be out setting policy or articulating sound economic visions.Since he’s spent a lifetime at the Fed factory, he’ll be an orthodox Keynesian and adhere to tax raising as a way to reduce rates.It’ll be establishment MUSH, served up in his own mealy mouthed manner.
TG
-a key architect of the $30 billion bailout to prevent the bankruptcy of Bear Stearns. (ie He served as bankruptcy court clerk to the High Mafia Commission, which convened a St. Paddy’s day meeting and others this Spring to preside over several liquidations.. including Bobbie’s and Jimmie’s fate. Jimmie was the successor to ‘one of America’s 10 Toughest Bosses’)
-Assistant Financial Attache at the U.S. Embassy in Tokyo (see Jason Bourne)
-Worked for Kissinger Associates
Kissinger Associates does not disclose its list of corporate clients, and reportedly bars clients from acknowledging the relationship (see The Firm ie. Bendini, Lambert, and Locke)
member of the tribe = jew, dumbass. Non members of the tribe need to go to goldman to get educated in the ways of the tribe.
-Big Chief
108 – you are a lame ass – look at the list of those who rule the world and you will see a hell of a lot more non-Jews on there than not:
http://en.wikipedia.org/wiki/List_of_Bilderberg_attendees#Royalty
And Historically, it’s not like the Jews are very aggressive people – if someone is trying to take over the world, it’s white Europeans including their Cossack cousins of the steppe.
http://yourmortgageoryourlife.wordpress.com/2008/09/22/conspiracies-and-headlines-whats-the-difference/
If you think it;s the Jews, you just prove you are a weak-minded sheep willing to scapegoat rather than think.
You must have stumbled on to DB by mistake. Fuck off.
Geithner was born in Brooklyn, New York City, to Mr. and Mrs. Peter F. Geithner of Larchmont, New York. He completed high school at International School Bangkok, Thailand, and then attended Dartmouth College, graduating with a B.A. in government and Asian studies in 1983. After, he obtained an M.A. in International Economics and East Asian Studies from Johns Hopkins University’s School of Advanced International Studies in 1985. He has studied Japanese and Chinese and has lived in East Africa, India, Thailand, China, and Japan.
After completing his studies, Geithner worked for Kissinger and Associates in Washington, DC, for three years and then joined the International Affairs division of the US Treasury Department in 1988. In 1999 he was promoted to Under Secretary of the Treasury for International Affairs and served under Treasury Secretaries Robert Rubin and Lawrence Summers.
In 2002 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in October 2003. In 2006 he became a member of the influential Washington-based financial advisory body, the Group of Thirty. On November 21, 2008, it was reported that President-elect Barack Obama had decided to nominate Geithner for the position of Treasury Secretary. Get the picture.
You dumb asses. It is time to look past your brands (Dartmouth, Treasury, IMF and Kissinger and Associates) and start looking at the person. There are good and lousy people everywhere (even Goldman).
Jim Rogers called him “the idiot at the New York Fed”..you can see the clip.. 1:27 in
http://www.inpaulsonwetrust.com/2008/11/jim-rogers-geithner-idiot/
@112
Jim Rogers is the man.
@113:
short dollar Jim Rogers? the guy is long and wrong on the yuan. He was lucky to have ever met Soros.
caption: I will come at this recession like a spider monkey!!
Guess who I’m talking about?
“Mr. Geithner is a graduate of Dartmouth College (BA) and the Johns Hopkins University School of Advanced International Studies (MA)
Tim’s Abba, Peter F. Geithner
http://www.sourcewatch.org/index.php?title=Peter_F._Geithner
TOO GOOD TO BE TRUE:
IF YOU THINK LITTLE TIMOTHY LEARNED TO SPEAK FLUENT MANDARIN LIVING IN INDIA, THAILAND AND ZIMBABWE, GUESS AGAIN..
READ MY LIPS
I-M-M-O-R-T-A-L SHAPESHIFTER
THIS (T)IGGER HAS HELPED SCOTCH EVERY CIVILIZATION KNOWN TO MAN
I studied French for 7 years and spent a summer with a French family. These Quebecois laughed me out of their house and mostly spoke English to me..let’s face it, no one gets fluent in these languages unless you HAVE TO speak them for 20 years.
Tim possibly coulda picked up a coupla phrases living in American compounds, but that’s all.
Trust me, this Japanese Jason Bourne got language chip implants, including American!
Chinese-Hebrew Banking family from the Way Back Machine. Serious.
Chinese-Hebrew Banking family from the Way Back Machine.
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