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A report surfaces that Tim Geithner is considering leaving Treasury after finalizing a deal...

A report surfaces that Tim Geithner is considering leaving Treasury after finalizing a deal to raise the debt limit.
Comments (14)
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    Who will be the next stooge?
    30 Jun 2011, 04:03 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Weiner...I want Weiner..he knows how to tweet....
    30 Jun 2011, 04:09 PM Reply Like
  • 2PP
    , contributor
    Comments (349) | Send Message
     
    It is a natural instinct for rats to jump off a sinking ship.
    30 Jun 2011, 04:29 PM Reply Like
  • bertil
    , contributor
    Comments (74) | Send Message
     
    I don't blame him! Who need all the crap he's getting from left an right? Anyway, he says AFTER a deal to raise the debt ceiling. That may not happen.
    30 Jun 2011, 04:36 PM Reply Like
  • spald_fr
    , contributor
    Comments (2762) | Send Message
     
    Sounds like he's blackmailing the Republicans in the House. lol
    30 Jun 2011, 04:38 PM Reply Like
  • purestock
    , contributor
    Comments (164) | Send Message
     
    bring in one of the bush brothers, that would really stabilize the markets and ensure the integrity of the american financial system...

     

    they've got contacts all over, they could organize some mercenaries to steal some gold back from the chinese....

     

    yea, that's it. let's make the chinese give up their gold, or else we will lower interest rates even further, and really degrade the value of their debt holdings, and those folks speculating on oil and in the oil business will make a uh, killing......

     

    yea, bring in one of the bush brothers, i remember one of them used to be an executive with lehman brothers, back in the glory days of the Hank Paulsen Show of 2008...

     

    you know, when W refused to "get involved" in the economy because he was so widely despised by the average American voter...remember those lovely days...

     

    as for geithner, heh, he did his job, he preserved his friends on the Street's wealth, power and privilege....

     

    i am sure they want to go back to a Republican Presidency, you know, when things really get good for the American economy.
    30 Jun 2011, 04:45 PM Reply Like
  • LuckyPick
    , contributor
    Comments (740) | Send Message
     
    in the wildest of dreams, imagine Bernanke takes up Geithner's position LOL!
    30 Jun 2011, 04:46 PM Reply Like
  • zaire
    , contributor
    Comments (13) | Send Message
     
    running away from sinking ship. Too much stress but rewards are NIL, except a few kruggers, and that also is losing value fast.
    30 Jun 2011, 04:55 PM Reply Like
  • squire PB
    , contributor
    Comments (48) | Send Message
     
    Would now be to soon !
    30 Jun 2011, 05:00 PM Reply Like
  • Swass
    , contributor
    Comments (419) | Send Message
     
    It's pretty clear, like much of the administration that work at the pleasure of the President, he wants to get the heck out before all of the decisions they made go bad. The ones in charge at that time will then be blamed, not innocent folks like Geithner.... right?
    30 Jun 2011, 05:01 PM Reply Like
  • zaire
    , contributor
    Comments (13) | Send Message
     
    Party politics is ruining Americans' dream. Republicans have no regard for underprivileged and Democrats believe in Mana from heaven, making people dependents.

     

    While republicans live on stolen wealth through crooked deals, undue advantages for the elites, Democrats thrive on rhetorics.

     

    Both are parasites and shall be removed, Republicans are ticks, Democrats are lice.
    Solution: Nothing free for abled people.
    Corporate Tax Nil to maximum of 10%. This will encourage ploughing back and creating more jobs.
    No difference in source of income. In fact if any credit is to be given it shall go to "Earned Income" rather than to "Capital gains/dividends"

     

    Tax shall be progressive: First 36,000 NIL
    and then progressively increasing to 65% for those who earn above 500,000 dollars a year.
    Minimum wage shall be a factor of the highest paid executive in any corporate/govt/public/... organisation.
    Entrepreneurs shall earn and make their money from profits and not from manipulated profit linked performance bonuses.

     

    No free health, no old age pension, nothing free. Everybody shall just plan for their retirement.

     

    Tort law shall be changed. Nobody can sue and claim more than a fixed amount, say $200,000 for injuries/death etc. If somebody thinks his life is worth more, let him buy insurance. This will bring sanity to insurance premiums, medical practice and alike.
    30 Jun 2011, 05:09 PM Reply Like
  • zaire
    , contributor
    Comments (13) | Send Message
     
    On the expenditure side, no political appointee shall get salaries, benefits unless and until budget is balanced, employment at acceptable levels, all benefits (including perks like White House market rent) shall be included in politicians salaries and they pay tax from their pockets.
    30 Jun 2011, 05:12 PM Reply Like
  • valueinvestor123
    , contributor
    Comments (327) | Send Message
     
    I will put my money on JP Morgan hiring him to reward him for all the help he has provided bankers during his stint.
    3 Jul 2011, 10:30 AM Reply Like
  • valueinvestor123
    , contributor
    Comments (327) | Send Message
     
    Looks like GS is full anyway:

     

    The revolving door between Goldman Sachs and central banks is spinning again.

     

    Coming into Goldman, the firm said Friday, is Bank of England economist Andrew Benito. This comes the week after the bank recruited Huw Pill from the European Central Bank and Naohiko Baba from the Bank of Japan at the beginning of the year.

     

    Moving in the other direction is Ben Broadbent, Goldman's former chief UK economist, who started at the Bank of England last month.

     

    Former Goldman vice chairman Mario Draghi will take up the presidency of the ECB in November after heading up Italy's national bank.

     

    The personnel moves only lend more credence to the "Government Sachs" nickname given to the firm by Wall Street detractors.

     

    The targeting of central banks reflects the value banks such as Goldman Sachs and others place on the skills economists gather working in policymaking on a national or governmental level. Meantime, governments seeking top officials are again turning to Goldman Sachs for top decision-makers a year after it settled US fraud claims and almost four years since the start of the worst financial crisis since the Great Depression.

     

    Goldman Sachs has been a breeding ground for central bankers.

     

    Broadbent is the third Goldman Sachs alumnus to sit on the Bank of England's Monetary Policy Committee since its creation in 1997.

     

    Former MPC members David Walton and Sushil Wadhwani also had Goldman Sachs on their resumes before joining the central bank.

     

    Bank of Canada Governor Mark Carney and New York Fed President William Dudley both previously worked for Goldman Sachs.

     

    Former US Treasury secretaries Robert Rubin and Henry Paulson ran the bank before entering government.

     

    Read more: www.nypost.com/p/news/...
    3 Jul 2011, 06:12 PM Reply Like
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