Tim Geithner

Thanks to “extraordinary measures” and “tax receipts.” Read more »

Over the weekend, “a man named Tim” made a reservation for a surf lesson at Open Ocean Surf Lessons in Half Moon Bay, for himself and his daughter. When six people showed up, instructor David Alexander thought nothing of it, figuring the other guys were “just business associates.” When he suggested the suits, who were not taking part, wait in a near by restaurant, he was told, “No, I gotta watch.” Alexander again thought nothing of it, until Geithner’s daughter cued him into the fact that a) those guys were Secret Service and b) who dad was. “Who knows, he probably just unloads all the economy in the water,” Dave told a reporter. “You know that’s a lot of unloading….oh my god, you’d need at least a few sessions for that.” Read more »

  • 08 Apr 2011 at 2:55 PM

Jamie Dimon: 1, Tim Geithner: 0

When one is the chief executive of a bank or otherwise important person whose skills are in high demand, he or she needs to be available to pick up and move out of state at a moment’s notice, whether or not the the house is sold or the water is still running. This hasn’t posed a problem in time’s past, what with the most magnificent housing bubble the world had ever seen, but with the market having its teeth kicked in and left naked and bound in an alleyway with the words “Big Al” was here written in Sharpie across its chest, thing have been slightly more difficult of late. Tim Geithner, for instance, hasn’t been able to sell his Westchester house since taking the job of Treausury Secretary, despite cutting the price and retiling the bathroom, ultimately being forced to rent it out by the hour. Jamie Dimon too went through a similar problem unloading his Chicago home (where he lived as CEO of Bank One and held on to til his daughters graduated high school), despite fantastic art gracing the walls. Luckily for JD, the long wait is over. He reportedly sold his manse for $6.8 million (after having bought it for $4.7 million) and JPMorgan apparently picked up the relator tab. Read more »

Ever since he was named Treasury Secretary, Tim Geithner has suffered from a lack of respect, both from the outside world and internally. His boss makes “jokes” in public about dogs pissing on him, chief executives openly speak of his uselessness and hardly a day goes by without a story claiming he’s getting fired and replaced by (take your pick) Jamie Dimon, Mike Bloomberg, or Jojo the idiot circus boy. When people needed someone to mock for a cheap laugh, TG was their guy. Well no more. Hopefully you got your fill of Geithner jokes in already because Bloomberg says the window of opportunity has closed, in an article entitled “Geithner Butt of Jokes No More.” Read more »

“The core of the American financial system is in a much stronger position than it was before the crisis,” Geithner said today during a Bloomberg Breakfast with reporters in Washington. “We can say with much more confidence now that the U.S. banking system and the U.S. capital market are much more likely to be in a position to finance the capital needs that come with a recovery,” Geithner said. [Bloomberg]

Since becoming Treasury Secretary, Tim Geithner has taken a whole lot of shit, from both the outside world and internally at work. His boss makes “jokes” in public about dogs pissing on him, chief executives openly speak of his uselessness and hardly a day goes by without a story claiming he’s getting fired and replaced by (take your pick) Jamie Dimon, Mike Bloomberg, or Jojo the idiot circus boy. Basically, his tenure in Washington has become one long blow of the sad trombone. TG has taken most of it in stride but guess what, people? The jabs? They add up. And today’s, courtesy of Bloomberg BusinessWeek, just might be the one that pushes him over the edge and by over the edge, we mean into a plastic surgeon’s office. Read more »

  • 16 Dec 2010 at 10:45 AM

Tim Geithner’s Got Great News

We are getting a bargain on this TARP business. Read more »