WATCH the Jon Stewart interview of Tim Geithner from last night:

[bvar22]

Posted without comment because I'm too angry.

[SoCalDem]

1. Geithner is such a doofus lightweight.

and annoyingly clueless.. I wish HE would be forced to lose his job/home & see how happy HE would be at having to work a part time job that paid $10 an hour

[bvar22]

3. Stewart aksed most of the questions I've wanted to ask,

...and made Geithner very uncomfortable at times.
The cover story is full of holes.

[Enthusiast]

12. Geithner is weasel.

[Leme]

2. meh

Reminded me how banks were lent money at 0 % and could the buy treasury that yielded 3 %...guaurantee return with zero risk.

[bvar22]

4. Geithner jumped in and changed the subject very quickly to cut off that question.

I'm surprised Stewart let him get away with that.

[Jefferson23]

5. It is pathetic that Americans need to rely on a comic to ask difficult questions to this

complete failure of man, Geithner. My blood boils when I hear this man speak.

K&R

[Jefferson23]

6. Geithner’s Single Most Revealing Sentence

By William K. Black

Timothy Geithner has a great deal of competition for the title of worst Treasury Secretary of the United States, but he has swept the field as worst President of Federal Reserve Bank of New York (NY Fed). Geithner is a target rich environment for critics and he has a gift for saying things that are obviously depraved, but which he thinks are worthy of a public servant.

He did vastly more harm to the Nation as the President of the New York Fed than he did as Treasury Secretary. He was supposed to regulate most of the largest (and most criminal) bank holding companies – and failed so completely that he testified to Congress that he had never been a regulator and that the problem in banking leading up to the crisis was excessive regulation. His statement that he was never a regulator was truthful – but you’re not supposed to admit it, and you’re certainly not supposed to be proud of it. Geithner, Greenspan, and Bernanke are the three Fed leaders who could have prevented the entire crisis by being even modestly effective regulators.

Instead of regulating the banks, Geithner relied on the banks self-regulating through “stress tests.” The stress tests were (and remain) farcical. AIG, Fannie, Freddie, Lehman, the Irish banks, and the big three Icelandic banks all passed stress tests shortly before they collapsed. It is a measure of Geithner’s goofiness that he has entitled his book “Stress Test.”

As Treasury Secretary, Geithner made his infamous “foam the runways” comment. He admitted that while the way he ran the programs putatively designed to help distressed homeowners was causing them to fail frequently to help homeowners it was succeeding in easing the bank crashes.

Geithner repeatedly claimed as Treasury Secretary that he never worked for Wall Street (and as he left congratulated himself on not joining Wall Street – a few months before he did). As New York Fed President Geithner worked for Wall Street for five years and was handsomely rewarded for that service. As he has admitted, virtually bragged, he did not work for the American people as a regulator though that is what he was supposed to do.

http://neweconomicperspectives.org/2014/05/geithners-single-revealing-sentence.html

[bvar22]

7. Thank You for that info.

If his book and appearances on the Talk Shows is supposed to rehabilitate his "image",
his appearance on Jon Stewart was a failure.

[Jefferson23]

8. You're very welcome.

Geithner won't be not confronted in such a way as to reveal his complicit actions, nor will
he risk doing any interview without an understanding built in, imho.

Stewart did a very good job, especially with his humor at the end..that if you
buy the book you can yell at some of the pages.

That is as good as it will get on msm. When was the last time William Black was
invited on by the msm to discuss Geithner?


I don't think I wish to know what he received in advance payment for his book..that
might be too hard a read for me right now.

[cilla4progress]

9. So the real question is

why oh why did Obama pick him? I wanted Krugman.

Never liked the guy (Geithner).

[bvar22]

10. Why Geithner?

Why did he pick ANY of these "Corporatist" conservatives?
[font size=5]
The DLC New Team
Progressives Need NOT Apply
[/font]
(Screen Capped from the DLC Website)


I think we all know the answer to that question.

[deutsey]

14. Why indeed.

I voted for Obama both times, and I had wanted to jump aboard the 2008 campaign bandwagon for him...however, when I heard about Summers, Geithner, and Emanuel being among his inner circle as he emerged as the frontrunner or candidate, I just couldn't.

[Armstead]

16. Um, because he's a corporatist?

Sorry...had to take the bait

[bahrbearian]

11. Did they figure out a way to edit it?

[Enthusiast]

13. K&R! I share your anger.

[Octafish]

15. Airplane ablaze with the arsonists aboard about to crash land..

...on a runway foamed by homeowners.

Looking on the bright side, at least the guy has a sense of humor.

PS: Why is it reversed? I do like the parallel universe motif.

[deutsey]

17. He's practiced at the art of deception, as the Stones would say

And I think what George Bailey said to Mr. Potter applies here as well:

"You sit around here and you spin your little webs and you think the whole world revolves around you and your money. Well, it doesn't, Mr. Potter. In the whole vast configuration of things, I'd say you were nothing but a scurvy little spider!"

[bobduca]

18. BTW higher quality less jacked-up-to-avoid-youtube-dmca-takedowns version is available

http://thedailyshow.cc.com/guests/timothy-geithner

[spanone]

19. k&r...

[Taitertots]

20. If the government gave me near 0% loans, I'd be one of the richest people alive...

Strange how all the people who got near 0% loans are the richest people alive.