Seeking Alpha

Tim Geithner has informed the president of his intention to stay on as Treasury Secretary. As...

Tim Geithner has informed the president of his intention to stay on as Treasury Secretary. As the only remaining member of Obama's original senior economic team in a very difficult period, it raises the question whether he is staying because he wants to - or because no one else can be found for the job.
Comments (31)
  • Charge with treason Turbo tax.... A guy that likes crony capitalism, works for special interest groups and doesn't care about our nation.
    7 Aug 2011, 03:19 PM Reply Like
  • "It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it."
    ~Timothy Geithner

     

    Legacy of Turbo Tax Tim: a liar and a cheat.
    7 Aug 2011, 06:31 PM Reply Like
  • Wholeheartedly agree. Should be drawn and quartered. Instead, he will make tens of millions at GS or some similar gig though when he is through. He is a putrid man.
    7 Aug 2011, 07:00 PM Reply Like
  • Not a man, rather, a piker.
    7 Aug 2011, 07:02 PM Reply Like
  • If he were to resign at this point it would make a bad situation even worse, which I thing would be extremely irresponsible.
    7 Aug 2011, 03:19 PM Reply Like
  • @HFB:

     

    "If he were to resign at this point it would make a bad situation even worse, which I thing would be extremely irresponsible. "

     

    You're kidding right? You should use <sarc> at the end of a post like that so people won't think you're an idiot.
    7 Aug 2011, 04:45 PM Reply Like
  • If Timmy resigned and Jamie Diamond were appointed in his place,the Dow would be up 1000 instead of down 300 as now.

     

    But Diamond is smarter than that,so it's all hypothetical.
    7 Aug 2011, 06:36 PM Reply Like
  • Dimon, is nothing but a Crony Capitalist himself, and as such would fit right in.
    7 Aug 2011, 06:40 PM Reply Like
  • The Chuckleheads on SA would be chewing up Jamie Diamond in a week and spitting him out in two weeks.
    7 Aug 2011, 10:44 PM Reply Like
  • Knucklhead,

     

    It's Dimon, not Diamond
    7 Aug 2011, 11:38 PM Reply Like
  • Hope and change, baby.
    7 Aug 2011, 03:32 PM Reply Like
  • Tax cheat Geithner has been promised the financial version of 72 virgins, so he'll stay on. Then after its all said and done, he'll write a book and start the lecture circuit to repair his reputation. Then it'll be all Obama's and the Republican's fault.
    7 Aug 2011, 03:32 PM Reply Like
  • Whew, thank god he cleared that up, should be good for 500 pt rally tomorrow.

     

    The markets are so detached from what Washington does at the point, they are like conductors of a runaway train.Their screams are soley for their own comfort.
    7 Aug 2011, 03:33 PM Reply Like
  • Just who, would want to work for Obama anyway?
    7 Aug 2011, 03:37 PM Reply Like
  • There is no one willing to replace Geithner, he's the second to the last rat on a sinking ship but doesn't have the nerve to go into the water. Obama is blaming, Japan, the Tea Party, Bush, headwinds, Europe, soon it will be the flooding in Missouri and Ohio, the drought in Texas and Florida, the tornado in Joplin, Mo, Katrina......jeeez can he go back that far to blame someone else? Man up.....it's your policies Obama, you are responsible for what is happening right now so just own it.
    7 Aug 2011, 03:57 PM Reply Like
  • Bozo, Dumbo, Pinnochio, elmer fudd, daffy duck, take your pick. I personally think yosemitte sam would be more than qualified with regard to the current measuring stick they are using in washington. Oh i almost forgot foghorn leghorn. They are all more qualified. Oh wait non of them are crooks.
    7 Aug 2011, 03:58 PM Reply Like
  • If you 're in a poker game and you don't know who the sucker is, then it is you. Timmay has been playing poker with the big boys and he doesn't know who the sucker is. They need this dunce to stay on for a while longer so they'll have someone to throw into the mob as they flee. Timmay has been a complete disaster since day one.
    7 Aug 2011, 04:40 PM Reply Like
  • I never thought of it that way, the last fool standing falls on the sword. Hey Barack, there's a village in Illinois that is missing it's idiot, you might check in with them.
    7 Aug 2011, 05:41 PM Reply Like
  • I'm not sure Tim is the sucker. I heard there was another guy by the name of Ben in the game.
    7 Aug 2011, 06:13 PM Reply Like
  • Surely there is a Wall Street fatcat who will hold his nose and take the job if only for the opportunity to diversify his portfolio without paying cap gains taxes.
    7 Aug 2011, 05:53 PM Reply Like
  • Now I feel better: Timmy is on the job,all is well with the world.

     

    What has he done that anyone else couldn't do? His presence or absence makes no difference. He is irrelevant. If he died of an aneurysm in his sleep tonight,the NYSE would still open trading at 9:30 tomorrow morning,I would still be in my local Starbucks with my Venti Latte. The world would still turn and the US would still be the mess that it is today.
    7 Aug 2011, 06:05 PM Reply Like
  • They could always bring in Paul Krugman to try his hand at Treasury. LOL! If you haven't yet had your fill of political divisiveness, he's your man.
    7 Aug 2011, 07:27 PM Reply Like
  • Duude,

     

    I think Obama, will appoint Ron Paul after his failed election Bid, LOL
    7 Aug 2011, 07:41 PM Reply Like
  • If nominated I will not run. If elected I will not serve, But, if asked nicely, I will take Timmy's job. Why, you ask, because I need the money after what these morons have done to the country.
    7 Aug 2011, 07:50 PM Reply Like
  • Timmy is staying. All the buffoons are staying in the white house.
    Margaret Mead would be proud.
    7 Aug 2011, 07:59 PM Reply Like
  • Few know the name. Your reference for audience consumption is as follows: Mead formed the CIA out of the OSS after WW2. The CIA's model was fashioned after Edward Berneys and Ghoebbels. I know people that help established the U.N. that knew Mead personally. They tell me she was trying to reform some of the dirty nature of the CIA. Well, if that is true she failed miserably.

     

    Bottom line: People pay politicians to lie to them so the people can refuse to look in the mirror as a long as possible. Modern communications in its present form is one huge mirror. The age of secrets is coming to a close.

     

    The last three hundred years TPTB financeers went from making sure they were the first source of knowledge and using spin to directly choosing the narrative. I view the former as a form of fair
    competition (but devolved from where mankind could be) to the latter which is pushing mankind off the evolutionary cliff without a parachute. Such are cupable and also foolish thinking somehow they alone will avoid collectivist fate of previous choices made.

     

    Evolution is a real bitch.
    7 Aug 2011, 08:49 PM Reply Like
  • Please sir if you had a shred of decency you would not "Jerk" around and play with this issue. Just do the somewhat, (can't really use honorable with regard to you),so just say "Forgiveness Seeking", I'll live with that. Just do that and go away and be contrite. Be silent. Don't pull a Bob Rubin and go behind the curtain and try out the "Puppet-master's" "Strings". We wont tolerate that nonsense again. IF you ask me? Why not grab up good 'ole Bob Rubin and throw his sorry butt down and ask him just one question.

     

    "Just what the hell were you doing as the financial system imploded around you while you were behind paid $100 MILLION dollars"!

     

    I, as a taxpayer would really like to know just what the hell was going on Bob, while "Rome Burned", you were in the cat birds seat. You always have something to say about raising tax's,(Bob's always OK with that),but are unusually quiet right now. Bob? Bob?! Don't you have anything to say for yourself?
    B OOO BBBBBB???
    SORRY? Might be a start. But what the heck,don't start now.. Way to uncharacteristic of you.
    This must end for the good of the country. When you have this well ingrained "Progressive" party in place, and a complicit "News Media" behind them, bad things can and usually do happen.

     

    The times are about to change folks! We as a country have been through this before, we'll get through it again. This time will be stressed to the Max, the breaking point. With ten years going on 11 now, we have nothing to show for it! We have more negatives than any where near enough positives to even begin to balance things out.
    We need to get small, take all risk off the table. Let the market barracuda's eat each other. Get safe and liquid. Then help each other out. Turn inward, find God, he never left. He was always here. Will always be.
    But your gut just tells you, "Something just 'aint right", call it intuition? As good as any to start. The individual is paramount. Be good to each other.

     

    "Rebellion to tyrants is obedience to God"

     

    May God watch over this wonderful little experiment in freedom we call America
    Jerry
    7 Aug 2011, 08:15 PM Reply Like
  • Guess Corzine doesn't want it now.

     

    Geithner should resign immediately.
    7 Aug 2011, 09:00 PM Reply Like
  • I'm guessing Tim is staying because he can't find another job....

     

    Seriously what can he put on his resume - "I helped ruined the world's strongest economy" ?

     

    He could use Obama as a reference.... I'm sure that'll help.
    7 Aug 2011, 09:03 PM Reply Like
  • when it comes to stunning lacks of knowledge about things, Tim is the absolute expert
    7 Aug 2011, 09:10 PM Reply Like
  • Turbo-tax Timmy having this downgrade occur under his watch has proven to be a disaster so it's fitting that he'd stay-on with Obama.
    7 Aug 2011, 10:01 PM Reply Like
DJIA (DIA) S&P 500 (SPY)