Geithner: Not A Good Idea To Move Your Money From Big Banks

[MannyGoldstein]

Geithner On Move Your Money: Not A Good Idea

Until the crypto-Republican troika of Larry, Timmy and Rahm are removed and Dr. Dean is pulled from under the bus, I just can't have any confidence that there'll be any change from the Obama Administration. We've seen what words mean to that crowd - only actions count now.

[yurbud]

1. everyday is opposite day with Geithner, Summers, and Rahm: do the opposite of what they say...

and we'll be okay.

[jasi2006]

47. Yes it is! nt

[Blue_Tires]

51. +1000

[NightWatcher]

2. is this another threat, like the one where he said the dow would crash if we didnt keep Ben?

I'm sick of his terroristic threats

[calico1]

3. Asshat.

I wouldn't dream of taking my money out of my credit union and putting it in a mega bank. I get personalized, friendly service at the CU and better rates.

This guy needs to go.

[GinaMaria]

11. Love my credit union. I'm not going any where

In fact, I just checked with them last week to be sure I can stay with them if I leave the company. No big banks for me.

[MadMaddie]

4. Screw Geitner and screw the big banks

the big banks have proven they are only in the buisness to make money and screw consumers over. They should have been allowed to fail.

[mariawr]

5. Move your money. That is all. nt

[thatsrightimirish]

6. thank god

we have a treasury secretary that is looking out for our best interests

[ljm2002]

7. Geithner is slimy...

...the first clue was when he had not done his taxes properly.

The guy was nominated to be our friggin' TREASURY SECRETARY but he couldn't be bothered to get his taxes right.

And wonder of wonders, the mistake was in his favor. Imagine that.

Now he tells us, there'll be Big Trouble on Wall Street if his buddy Bernanke is not reappointed to his position.

And then to top it all off he warns us that it's a Bad Idea to move our money out of the big banks.

And President Obama is still listening to this asshat.

[napi21]

8. It wouldn't matter to the Big Banks if a lot on individuals

moved their money! For a very long time, the Big Banks have made it clear...at least to me, that all they really were interested are big business money. I moved my $$, little that it is, from all big bank right after Glass Steigel was
They don't NEED US! Geitner is just kissing A to have said so.

[ProSense]

9. He's the Secretary of the Treasury, what did anyone expect him to say?

Run on the banks?

Are people this desperate for controversy?

People are free to do what they want with their money. Geither can't change that.

[depakid]

14. I expect him to act in the public interest

which he and the administration have not in this instance.

At the very least, he should have kept his weaselly mouth shut.

[ProSense]

22. Telling people to run on the banks is in the public interest?

Delusional.

[depakid]

23. Typically ill considered remark

demonstrating (yet again) zero understanding of the issues.

[ProSense]

24. No, it's beyond stupid to think the Treasury Secretary is going to avocate a run on the banks. n/t

[depakid]

25. With your ability to deceptively and cluelessly spin-

there ought to be a job with a blue dog campaign out there for you.

[ProSense]

26. Repeat:

It's beyond stupid to think the Treasury Secretary is going to avocate a run on the banks.

[ibegurpard]

40. why is it a run on banks to transfer from one bank to another?

although I'm sure the banks affected would like that kind of hyperbole to take hold.

[PA Democrat]

48. Exactly. This may be a good way to reduce the size of those "too big to fail"

banks. In addition, community banks and credit unions in my personal experience seem to be more eager to work with smaller "retail" depositors and small businesses.

[MannyGoldstein]

46. Moving Money, Not Removing From The Banking System

Different thing.

[HCE SuiGeneris]

10. His proclamation tells me... it is EXACTLY the right thing to do.

F U, Timmy!

F U, Banksters!

[change_notfinetuning]

45. Yep. That confirms it. All doubt is dispelled. n/t

[uponit7771]

12. Wow....k, fuck Geithner he's ...wow

[Joe Chi Minh]

13. Nice to hear him squeal though. Boycotts work.

[ananda]

15. LOL

Already moved to a credit union and LOVE it.

[Froward69]

16. 14 Fucking months BOA!!! You hear me???

14 months and the incredible pre-payment penalty will no linger be in effect on my Mortgage... My LOCAL Credit Union will be happy to refinance my loan for a LOWER interest rate assholes!

BOA Buys countrywide with bailout money then jack my interest rate??? F-U B-O-A!.
then try to get me to refinance to include the prepayment penalty Just so you can make more off of me. you think the rest of us are stupid?

YOU hear me you greedy corporate in need of a bailout FUCKS. and FUCK Geithner too!

[Ernesto]

27. "BOA Buys countrywide with bailout money"

I get as many as 3 junk-mailings a week from these bastards since they grabbed my mortgage!

[Froward69]

49. Darn straight

they call and call offering mortgage insurance, refinance, life insurance etc... then the mailings every month... at least three.

this month they stopped using colors on the mortgage payment slips. and even dropped their logo. (to save money I guess) yet the calls and mailings continue to flow.
oh did I mention sending me credit cards without my asking for them. I clip them up and close the account. (I have two and do not want any more. one personal and one business) then they send me another two months later.

they get 71/2% and still want more. They will not drop the prepayment penalty to refinance yet ask and ask to do so.

[marlakay]

17. Love my small community bank they are wrong!

and Obama isn't going to have a second term until he gets new staff.

[inna]

18. What bastard. Be sure to see this:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7568487

[BrightKnight]

19. I've happily used the same credit union for 25 years. When I want his opinion

I'll ask.

My little credit union has always treated me right. With over 25 years of loans, credit cards, retirement savings, and daily banking I have never had a single issue. Not all credit unions are created equally but he can stick his advice...

[ShortnFiery]

20. Yes to Credit Unions! eom

[salguine]

39. Don't be surprised if the Too Big To Fail banks buy the abolition of credit unions.

[flyarm]

21. Obama may listen to this Kissinger protoge'..but me?? Fuck no!

if this asshat told me to go left..I would go right..and i would be more "right" than he will ever be..he is a sell out and part of the shadow government big boys! He is Kissinger's boy..fuck him!

[fadedrose]

28. And the nice thing about Dean is

that he doesn't back down - didn't back down to Rahm and he doesn't brownnose just to be buds with the WH....

If the Pres wants to fight, as he said he does, he couldn't find a braver partner than Dean....

[apnu]

29. Hey Tim! Suck it! I moved my money to a local Credit Union and couldn't be happier.

So bite my schawanz loser.

[That Is Quite Enough]

30. Eff Geithner and the rest of the economic bandits

[DLnyc]

31. Okay, Timmy convinced me. I'm moving my money tomorrow.

Anything he thinks is 'a bad idea' must be good.

And bailing the banks out did NOT improve the availability of credit. They appear to be using the money to invest in foreign treasuries, which are paying higher rates than US ones.

[old mark]

32. Way too late, g-man - we closed our last bank account a year ago.

Credit union only since then and much happier for it.


mark

[PurityOfEssence]

33. ...'cuz my friends and I are busy destroying them right now...

Don't be such a pest; there are only two kinds of people and two kinds of banks: ones too big to fail, and ones too small to matter.

[Hawkeye-X]

34. I moved my money to a CU when big banks started charging me unnecessary fees

Think about that, Geithner?

[depakid]

35. Repeat lie- over and over (be careful not to overlearn the principle)

[santamargarita]

36. Now I'm definitely moving my money...

to my mattress!

[donheld]

37. Oh god, now I have to go the the Credit Union.

[salguine]

38. Moving from Chase to Apple Bank first thing in the morning.

[Skittles]

41. fuck you Geithner

fucking money grubbing whore

[bluedigger]

42. "he did not explain why he thought that it was a bad idea"

Your opinion is duly noted, Timmy.

Run along now.

No, really.


Please.

[D23MIURG23]

43. Well that was all I needed. My money is as good as gone.

Anyway, its one less way I have to pay for ridiculous bonuses.

[Wilms]

44. LOL! n/t

[asdjrocky]

50. He doesn't want us to hurt his friends.

As far as showing Timmy, Larry, (let's add Ben too) or Rahm you have to figure he hired these guys for a reason. I think they are just doing the job they were hired to do.

The alternative is to believe that our President has been hoodwinked by them.

Has he?