Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

If Geithner leaves in the "foreseeable future" - sooner rather than later -

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
sad sally Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-10-11 11:42 PM
Original message
If Geithner leaves in the "foreseeable future" - sooner rather than later -
which Goldman alumni would take his place? Is this another balloon float? If he can't help move debt ceiling talks, does the President view him as a liability?

On NBC, Geithner acknowledged that he is contemplating leaving his position before the end of Obama's first term. He said he will be in office for the “foreseeable future”, but would not say he will stay for the first term.

Back in May when there were rumors of him leaving, two names that were floated were former White House chief of staff, Erskine Bowles, and the current chief of staff William M. Daley.
Printer Friendly | Permalink |  | Top
QC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-10-11 11:51 PM
Response to Original message
1. Lloyd Blankfein?
Why not cut out the middleman and go straight to the source?
Printer Friendly | Permalink |  | Top
 
DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 12:03 AM
Response to Original message
2. Not Goldman, JP Morgan Chase this time
Jamie Dimon has been talked about.

Though why anyone would leave a multi million position to take one that pays 1/10th as much (or why that shouldnt set off alarms about corruption) is beyond me.
Printer Friendly | Permalink |  | Top
 
sad sally Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 12:13 AM
Response to Reply #2
3. Let's see.
First, you can rewrite - streamline - treasury regulations.

Second, it's a lot shorter walk to the discount window to pickup piles of almost free cash, which can be used to buy T-bills and bonds that have a guaranteed interest of 3% or so, and by rewriting regulations, a fast-talking treasury secretary with a strong banking background and several influential congresspeople at their beck and call, they could probably make anything they wanted to do/screw the taxpayers legal.

Printer Friendly | Permalink |  | Top
 
PoliticAverse Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 12:16 AM
Response to Reply #2
4. Because it's easier to 'loot the Treasury' if you are part of it?... n/t
Printer Friendly | Permalink |  | Top
 
RaleighNCDUer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 12:24 AM
Response to Reply #2
5. For the same reason that Cheney left Haliburton -
to take a low paying job that allows you to make a lot of friends extremely wealthy - which they won't forget.
Printer Friendly | Permalink |  | Top
 
OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 12:33 AM
Response to Original message
6. How about Jamie Dimon (Diamond) . I have heard his name
mentioned and that he is interested. It was like
a side comment on a talk show a while back.
Printer Friendly | Permalink |  | Top
 
chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 02:17 AM
Response to Original message
7. Here's a few with links
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Apr 26th 2024, 07:21 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC