"Stress Test"

[Baldy]

Tax Cheat Tommy's Book comes out today.

The most interesting (shocking) revelation is not that Geithner had no clue to the effect of the subprime mortgage business on the downturn in the economy or that he refused to believe that the banks were under capitalized and over leveraged (even after the crash). No, the most mind blowing revelation is that he had never worked in the financial sector, only took one economics class at Dartmouth but was still named as President of the New York Fed...because Robert Rubin and Larry Summers recommended him for the job.

Poor Timmy felt intimidated because he had to do so much on the job training.

After all this, he still became Secretary of the Treasury...

[kalm]

Tax Cheat Tommy's Book comes out today.

The most interesting (shocking) revelation is not that Geithner had no clue to the effect of the subprime mortgage business on the downturn in the economy or that he refused to believe that the banks were under capitalized and over leveraged (even after the crash). No, the most mind blowing revelation is that he had never worked in the financial sector, only took one economics class at Dartmouth but was still named as President of the New York Fed...because Robert Rubin and Larry Summers recommended him for the job.

Poor Timmy felt intimidated because he had to do so much on the job training.

After all this, he still became Secretary of the Treasury...

Summers and Rubin did a ton of damage to the economy and Geithner was their protege. His appointment was the opening salvo in the many failures of the Obama administration.

[YoUDeeMan]

CHANGE!

The only thing Obama has changed recently is that he has turned the middle class against the poor again. Obama isn't hurting the rich, he's hurting the middle class.

[houndawg]

CHANGE!

The only thing Obama has changed recently is that he has turned the middle class against the poor again. Obama isn't hurting the rich, he's hurting the middle class.

Er, no, that started long before. Obama is just piling on.

Are you really surprised that a multi-millionaire would continue the policies of a billionaire? I think not.

[CitadelGrad]

CHANGE!

The only thing Obama has changed recently is that he has turned the middle class against the poor again. Obama isn't hurting the rich, he's hurting the middle class.

Er, no, that started long before. Obama is just piling on.

Are you really surprised that a multi-millionaire would continue the policies of a billionaire? I think not.

Obama wasn't a multi-millionaire until became the POTUS. He was worth about $1.3 million when he was elected. His net worth as of 2013 was $12.2 million.

I wonder how that happened.

[89Hen]

http://www.sixthandi.org/event/secretar ... -geithner/

Secretary Timothy Geithner
In Conversation with Ben Bernanke
May 22, 2014 • 7:00 pm
This program does not include a book signing.

In Stress Test: Reflections on Financial Crises, the former Secretary of the Treasury explains the hard choices and politically unpalatable decisions that he and others in the Obama administration made to save the U.S. economy from collapse.

Admission:

1 ticket + 1 signed book: $40
2 tickets + 1 signed book: $55

[houndawg]

Er, no, that started long before. Obama is just piling on.

Are you really surprised that a multi-millionaire would continue the policies of a billionaire? I think not.

Obama wasn't a multi-millionaire until became the POTUS. He was worth about $1.3 million when he was elected. His net worth as of 2013 was $12.2 million.

I wonder how that happened.

His book sales netted about $4,000,000 I think. Six years salary another 3-4 million roughly... The rest was probably the ordinary corruption our elected folks are so well known for.