Geithner vs Maddow pt.1

[democracy1st]

Run time: 08:52 https://www.youtube.com/watch?v=tneFTwoAx9E   Posted on YouTube: March 17, 2010 By YouTube Member: MoxNewsDotCom Views on YouTube: 2   Posted on DU: March 17, 2010 By DU Member: democracy1st Views on DU: 1776

 
Rachel Maddow interviews Treasury Secretary Timothy Geithner about the economy,jobs,and financial reform.

Geithner vs Maddow pt.2

http://www.youtube.com/watch?v=_k-JiuqACas

Geithner vs Maddow pt.3

http://www.youtube.com/watch?v=c0y54k7wvgw


“The Rachel Maddow Show,”
which airs Monday-Friday at 9 p.m. Eastern on MSNBC-TV
http://www.msnbc.msn.com/id/26315908/

http://moxnews.com/

[rpannier]

1. I do wish she had challenged him on his little tap dance about the elusive Republican votes

He never answered her question (approx 8:00 mark)

[midnight]

2. I get the feeling that regardless of what is being dished to the American

people, that it's no biggie to this man. I can hardly wonder why the squeeze for valuable tax dollars was given to these criminals under this mans watch. I'm sure with the cloudy forecast its being used as groundwork for another bank pay day. I say go directly to the people and move the money this way.

[Hulk]

3. Call me stupid....but I trust this guy.??

I know I've heard a lot of allegations regarding Secretary Geithner. Certainly the right wing hates him with a passion. I feel the progressive wing are frustrated with the terrible state of the economy, and the trust level of ANYONE is going to be a target.

This man is not afraid to take the questions. He may not give the straightest answers, but then that's up to Rachel and others to repeat those questions until we get the answers clear enough to digest.

Lots of accusations.....not really certain how much is right wing shit in the air, and what is a legitimate concern??

[girl gone mad]

4. He's a criminal who helped Lehman cook their books, plain and simple.

It's really a very cut and dry case of fraud and regulatory capture.

Just when you thought that nothing could stink more than Timothy Geithner's handling of the AIG bailout, a new report details how Geithner's New York Fed allowed Lehman Brothers to use an accounting gimmick to hide debt. The report, which runs to 2200 pages, was released by Anton Valukas, the court-appointed examiner. It actually makes the AIG bailout look tame by comparison. It is now crystal clear why Geithner's Treasury as well as Bernanke's Fed refuse to allow any light to shine on the massive cover-up underway.

Recall that the New York Fed arranged for AIG to pay one hundred cents on the dollar on bad debts to its counterparties—benefiting Goldman Sachs and a handful of other favored Wall Street firms. (see here) The purported reason is that Geithner so feared any negative repercussions resulting from debt write-downs that he wanted Uncle Sam to make sure that Wall Street banks could not lose on bad bets. Now we find that Geithner's NYFed supported Lehman's efforts to conceal the extent of its problems. (see here) Not only did the NYFed fail to blow the whistle on flagrant accounting tricks, it also helped to hide Lehman's illiquid assets on the Fed's balance sheet to make its position look better. Note that the NY Fed had increased its supervision to the point that it was going over Lehman's books daily; further, it continued to take trash off the books of Lehman right up to the bitter end, helping to perpetuate the fraud that was designed to maintain the pretense that Lehman was not massively insolvent.

http://neweconomicperspectives.blogspot.com/2010/03/timmy-gate-did-geithner-help-hide_15.html

[PA Democrat]

13. While he was head of the NY Fed, Geithner had significant power to monitor and reign

in member banks, but he largely chose to turn a blind eye. We see his inaction as criminal, Geithner likes the "mistakes were made" approach and performed some pretty amazing verbal gymnastics to absolve himself of any responsibility.

Of course you have to consider how Timmeh got that job in the first place.

http://www.slate.com/id/2217811

So who selected Geithner back in 2003? Well, the Fed board created a select committee to pick the CEO. This committee included none other than Hank Greenberg, then the chairman of AIG; John Whitehead, a former chairman of Goldman Sachs; Walter Shipley, a former chairman of Chase Manhattan Bank, now JPMorgan Chase; and Pete Peterson, a former chairman of Lehman Bros. It was not a group of typical depositors worried about the security of their savings accounts but rather one whose interest was in preserving a capital structure and way of doing business that cried out for—but did not receive—harsh examination from the N.Y. Fed.

[Mithreal]

6. Very recently "former" Republican continuing conservative economic policy, why not

With a passion? Some of those folks doth protest too much, methinks, if you know what I mean. Others, just because he is in Obama's cabinet and then there are those who distrust the federal reserve and anyone connected, you know, like Ron Paul supporters.

In real life, what does it take to get you to trust someone? If you have a higher bar for people you know and meet, then maybe there's a problem. I suspect getting others to trust you can be learned and not just something innate, right. Send me your thoughts, I am interested in the whole issue of trust in this case.

[onpatrol98]

15. Straightest Answers

Wouldn't not giving straight answers be the reason not to trust him?

[GreenTea]

5. It's called verbal tap-dancing to the uninformed who don't have a clue about finance....

Use words & phases as you know that most can't challenge you with, or most would say, "hey dude your a full of shit"?

Even though the fucker somewhat believes his own bloodsucking capitalist bullshit while catering to the rich, is all that means anything to him and why he went into this preying, greedy selfish lying dishonest business in the first place....His lust for money & power....I can never trust nor respect anyone whose life is that warped, cold and shallow.

Yet, it is amazing to me how many people can get sucked into and believe the bullshit so easily if it's presented as fact and confidence and a smile, even when one doesn't know the facts and then still trust these insects....

Well I suppose that's how Limbaugh & Fox news gets their disciples....people just trust if someone presents a god rap and bullshit...Fuck, every hucksters, Tele-Evangelist and con man has known this from the git-go how the uninformed are so fucking gullible and easily conned - ready to give this con man all their money - Amazing!!

[zenprole]

7. Sec'y. Bottom Feeder

Geithner is the financial equivalent of Sarah Palin - a failure at every post he's held. This segment of the interview, with its pleading armada of "you know," reminds of the resignation speech of the Alaskan dingbat. But we'll be stuck with this character for much longer.

Maddow also drops the ball in this interview. His claim that he's never been employed at a bank and is not a Wall Street guy, is false. The Federal Reserve isn't a government agency. It's a bank which, under the tender mercies of one Alan Greenspan, was a full accomplice to the collapse we're now living through. And, though Geithner may not have served on Wall Street directly, his mentors Rubin and Summers are tied in deeply at the highest levels. To imagine Geithner as some rogue element, dragging accountability into previously-misguided policy, is a pipe dream. There may be more in segments 2 and 3, but I can't stomach it.

[SDuderstadt]

17. What bullshit...

the Federal Reserve is an independent federal agency. Do you really dispute that?

The anti-federal reserve propaganda that passes through DU is really troubling.

[lamp_shade]

8. That was good. Good questions... good answers. I admire Geithner. Tonight he

spoke to me and I understood 99% of what he said, unlike congressional hearings where I'm lucky if I can understand half of it.

[AlbertCat]

16. I understood 99% of what he said,

So did I...


"It's not my fault!"

[ro1942]

9. Softball

wheres the prove that the economy would have blown up? Why didn't they regulate before giving these thieves tax payers money.? Why is no one in jail? NBC is part of this corrupt system. Main stream media has done nothing but dissemble and pacify the public.

[florida08]

10. good interview

You know this guy is taking a lot of heat for Greenspan. It was his laissez faire approach to the markets that actually caused this meltdown over the years of his tenure. Geithner gets it and my opinion of him has changed after watching this. Geithner may have been the NY fed but it was Greenspan during the Reagan years that financial regulations were dismantled. Followed by the repeal of the Glass–Steagall Act.

Even Paulson had said “the stability of our capital markets requires a strong regulator.” Our regulatory system is badly outdated." "Market discipline should be tightened by assigning a regulator with the necessary power."

[The Shadow Knows]

11. Geithner Blowing smoke in Rachel's face

Rachel missed the opportunity to ask plain-folks Geithner how many times he has had diner and barbecues with the heads of Wall Street Investment Banks, at their homes, and how many times he has done so with just plain folks in his long career in government. The answer would have choked most listeners.

Notice Geithner says watch what we PROPOSE to do, not what actually gets done. The usual suspects will morph the final bill into a huge payday to Wall Street, just as they have done to the health/big pharma.

The fix is in Rachel. It seems that The Barack has been coaching The Timothy on how to be just Plain Folks. Timothy is slowly getting there.

[SKKY]

12. I honestly can't think of a better interviewer out there right now than Maddow.

She's "da poop".

[PA Democrat]

14. Anyone else catch his comments on the "failing" education system at the

end of part 3 of the interview. Am I wrong or was that weasel implying that the reason income level for the poor and middle class has taken a hit in the US is due to the public schools? Yeah, Timmeh, slave labor wages and lack of environmental and labor laws in other countries have NOTHING to do with multinational corporations moving jobs offshore.

God I can't stand Geithner.