Treasury Secretary
Lloyd Blankfein Is Bummed, Bored
It’s not supposed to be this way for the Elect of the Elect.
Still Short On Goldmanites, Trump Administration Eyeing Blankfein BFF Gary Cohn
Let's hope Lloyd doesn't take it too hard.
Mnuchin And Ross Have Their Debutante Ball – And Mnuchin Is On Twitter
Which Twitter egg is really Steve Mnuchin?
Trump Treasury Hopeful John Allison Wants To Replace Fed, Dodd-Frank With Copies Of “Atlas Shrugged”
Former BB&T CEO wants to return America to a late-nineteenth-century era of banking.
Opening Bell: 11.21.16
More Wall Streeters considered for Treasury; Citi joins big boy bucket; dorm room hedge fund expands; and more.
Rumored Treasury Pick Worked For Only Two-Thirds Of “Global Power Structure” Pictured In Infamous Trump Ad
Steve Mnuchin’s resume includes stints under “global special interests” Soros and Blankfein.
Jack Lew To Be Nominated For Treasury Secretary, Sent To Penmanship School
As you have likely heard, President Obama plans to put Tim Geithner out of his misery tomorrow by nominating Jack Lew for Treasury Secretary. Lew is known for being Obama's White House Chief of Staff and also for having an absurd signature. And not like chicken scratch illegible-absurd, like not resembling anything in the alphabet, might as well have drawn an illustration of two alpacas fornicating/signed his name Mariah Carey absurd. And, should he be confirmed and subsequently have his name printed on a bunch of dollar bills, Lew will likely be forced to come up with something that actually looks like it spells "Jacob Lew" as opposed to what is he is currently signing receipts and important documents with, i.e. this:
Paul Krugman Forces Obama Back To The Drawing Board
Sayeth Kruggles: "Yes, I’ve heard about the notion that I should be nominated as Treasury Secretary. I’m flattered, but it really is a bad idea. Part of the reason is that I am indeed the World’s Worst Administrator — and that does matter. Someone else can do the paperwork — but an administrative job requires making hiring and firing decisions, it means keeping track of many things, and that, to say the least, is not my forte...officials inside the administration can of course have even more influence — but only if they’re good at a very different kind of game, that of persuading the president and his inner circle in behind-closed-doors discussion. And everything I know about myself says that I’m not very good at that game. By my reckoning, then, an administration job, no matter how senior, would actually reduce my influence, leaving me unable to say publicly what I really think and all too probably finding myself unable to make headway in internal debates." [NYT]
Congressman Was This Close To Telling Tim Geithner He Was Cruisin' For A Brusin'
“You can smile and laugh about it all you want,” Rep. Jason Chaffetz (R., Utah) bristled at Mr. Geithner during a House Budget Committee hearing. Mr. Chaffetz then intoned he was getting sick of the Treasury secretary’s “silly little smirk.” To be sure, Mr. Geithner did have a smile on his face during parts of the hearing, particularly when he was interrupted by Republicans on the panel when they didn’t like his answers on deficit reduction. He even spent part of the hearing answering questions with his arms crossed. At one point, he suggested that Rep. Tim Huelskamp (R., Kan.) had an “adolescent perspective” on how the economy worked.
Tim Geithner Buries a Three in This Chinese Dude's Face
Treasury Secretary TIm Geithner plays hoops in China with some students, buries a three.