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Monday, October 22, 2012

MooPig Economic Crisis Department :: "Filling Geithner's (Small) Shoes"

Retrieved by Pat Darnell  |  Oct 22, 2012  |  Bryan TX  | Thanks to
[Picture LINK] ...Timmy Geithner Knows Diddly-Squat...

Our Economic Crisis is years -- no, decades -- in the making. Propaganda has been spewed about a "strong dollar" ... "trade partners" ... "why the costs of gold and silver rose..." and what does all the talk bring us?

For answers you have to research Tim Geithner's regime as Treasury Secretary. Ho-hum... boring... it's not about kittens and teenagers. No; it's more like a story about "if you can't screw it, or throw money at it, it isn't worth anything..." rhetoric.

Here's how that rhetoric goes:
" ... Unbowed by the dollar's recent weakness — it hit its lowest level since August 2008 Tuesday -- or record-setting gold and silver prices, Geithner reiterated a now familiar theme among policymakers: The dollar's strength during the "darkest moments" of the crisis is "very encouraging," he said, and shows investors "retain fundamental confidence in the ability of the U.S. to manage" its long-term budget issues. (Cohen, Dave. 04/27/2011. HERE) ... "

 Filling Geithner's (Small) Shoes: "In an economic crisis, the treasury secretary (tied with the Fed chairman) becomes the most important domestic public official after the president. Two huge and interconnected issues will face the next secretary: what to do about the still dysfunctional and largely unreformed banking system; and how to deal with the elite clamor for deficit reduction uber alles." (Robert Kuttner: 09/23/2012. HERE)

'via Blog this'

Timothy Geithner has said that he'll step down as Treasury Secretary at the end of Obama's first term. Assuming that Mitt Romney keeps self-destructing and Obama wins a second term, who should succeed him?

" ... Here are some people who might be taken seriously. I hope my comments don't spoil it for the relative good guys...
  • Erskine Bowles.
  • Jack Lew.
  • Larry Fink
  • Lael Brainard.
  • Gene Sperling.
  • Michael Barr.
  • Laura Tyson.
  • Daniel Tarullo.
  • Gary Gensler.
  • Ben Bernanke.
  • Janet Yellen.
  • Sheila Bair.
  • Martin Gruenberg.
  • Sarah Bloom Raskin.
  • Barney Frank,
  • James Galbraith,
  • Damon Silvers
  • Joseph Stiglitz, Brooksley Born, Phil Angelides.

" ... Heh-heh-heh-heh-heh. This is a key appointment, folks. Should not be left to the usual suspects. Progressive community should be paying attention, big time. (Robert Kuttner: 09/23/2012. HERE) ..."


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