Tim Geithner
This came in handy, as he was thinking of calling out anyway due to the Super Bowl hangover.
Hug-lover Timmy G., testifying today (does the guy’s job entails something else than testifying at hearings?) before the Senate Budget Committee, proposed to enact a “carried interest” tax for hedge funds and PE managers – a move that could double some funds’ taxes.
SheBair is oddly pulling a Geithner, flip flopping around the prop trading ban proposal. Just like her nemesis, she’s adopting a “yeah, it’s a great idea but I don’t know” attitude toward Obama’s proposal.
At Wednesday’s AIG hearing, Congressman McHenry asked Timmy G. how he could back the Volcker Rule while having said that he was opposing a Glass-Steagall return, screaming at him: “How do you reconcile those two beliefs? They are direct opposites”
9:55 5 minutes to show time. While we wait:
(I have it on good authority that Geithner and Paulson have rehearsed the above moves and will be performing them in lieu of opening remarks. Or they’ll just sit there and recuse themselves while turning red. It’ll be one of these two things. Hoping against hope…)
10:10 Rep. Towns: “The AIG counterparties were given a piggy-bank full of taxpayer money and told ‘help yourselves’.”
E-Towns invites everyone to join him in fixing the system. Come on down.
10:18 Rep. Issa comes out with the big guns– the old man and his dog, who told Issa bankruptcy would’ve been a better option, and who is putting together a jigsaw puzzle that will reveal a picture of Geithner shoving hundos in Lloyd’s g-string.
10:20 T.Geith’s eyebrows are not happy.
10:24 Geithner did what he did for the American people. He loves you all so damn much.
10:28 AIG was “the only fire company operating at the time.” So TG whipped out his hose, and did what he had to do.
10:40 This decision didn’t come easy. It was like Sophie’s Choice out there.
10:42 Can we take a guess as to what the girl behind TG is cracking up about?
Literally.
…an attitude honed during eight years of fighting white-collar criminals and Colombian drug lords as an assistant United States attorney — he still has the knife from a foiled attempt on his life in a field outside Bogota — are propelling Mr. Barofsky over barriers that have slowed the others.
SIGTARP’s Neil Barofsky Is Way More Badass Than We Realized [Daily Intel]
Testicle bombers can apparently board planes freely despite being on terrorist watchlists and after having been reported to the CIA, but dammit, AIG emails will get a national security status.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
