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Tim Geithner was approved as the Treasury Secretary in the Senate by a vote of 60 ayes- 34 nays.....
Oldtimer said:Tim Geithner was approved as the Treasury Secretary in the Senate by a vote of 60 ayes- 34 nays.....
Tam said:Oldtimer said:Tim Geithner was approved as the Treasury Secretary in the Senate by a vote of 60 ayes- 34 nays.....
Be proud Oldtimer the man that designed the TRAP program and tax cheat is in charge of the US purse strings. :roll:
Oldtimer said:Tam said:Oldtimer said:Tim Geithner was approved as the Treasury Secretary in the Senate by a vote of 60 ayes- 34 nays.....
Be proud Oldtimer the man that designed the TRAP program and tax cheat is in charge of the US purse strings. :roll:
Who's he been TRAPPING :???: :wink: :lol:
I don't know much about the man- but apparently a majority of the Senators think his qualifications are more important- apparently including some Republicans -eh ....
Oldtimer said:Tam said:Oldtimer said:Tim Geithner was approved as the Treasury Secretary in the Senate by a vote of 60 ayes- 34 nays.....
Be proud Oldtimer the man that designed the TRAP program and tax cheat is in charge of the US purse strings. :roll:
Who's he been TRAPPING :???: :wink: :lol:
I don't know much about the man- but apparently a majority of the Senators think his qualifications are more important- apparently including some Republicans -eh ....
Tam said:Oldtimer said:Tim Geithner was approved as the Treasury Secretary in the Senate by a vote of 60 ayes- 34 nays.....
Be proud Oldtimer the man that designed the TRAP program and tax cheat is in charge of the US purse strings. :roll:
hopalong said:Oldtimer said:Tam said:Be proud Oldtimer the man that designed the TRAP program and tax cheat is in charge of the US purse strings. :roll:
Who's he been TRAPPING :???: :wink: :lol:
I don't know much about the man- but apparently a majority of the Senators think his qualifications are more important- apparently including some Republicans -eh ....
Do you have a brake down on who voted yea and who voted nay?
or are you just spouting off again! offer up some real proof !!!!!
aplusmnt said:Oldtimer said:Tam said:Be proud Oldtimer the man that designed the TRAP program and tax cheat is in charge of the US purse strings. :roll:
Who's he been TRAPPING :???: :wink: :lol:
I don't know much about the man- but apparently a majority of the Senators think his qualifications are more important- apparently including some Republicans -eh ....
If McCain would have gotten elected and nominated Geithner or another person with similiar issues you would be all over this.
You have either became a partisan Democrat, a Obama supporter that has to save face or a Caustic Burno one of the three! Because I know based on your post from years ago, you would be against this man if you were honest with us on here. And that is why you have lost respect from all of us because either you are not honest with your self or you are being dishonest with us.
he's one of the only ones with the knowledge to bring the country back from the Depression it is headed into/currently in
Oldtimer said:Tam said:Oldtimer said:Tim Geithner was approved as the Treasury Secretary in the Senate by a vote of 60 ayes- 34 nays.....
Be proud Oldtimer the man that designed the TRAP program and tax cheat is in charge of the US purse strings. :roll:
Who's he been TRAPPING :???: :wink: :lol:
I don't know much about the man- but apparently a majority of the Senators think his qualifications are more important- apparently including some Republicans -eh ....
hypocritexposer said:he's one of the only ones with the knowledge to bring the country back from the Depression it is headed into/currently in
Why would he be one of the only ones, could it be that he took part in making it this way?
How's that Reader, did I do good, I have an issue with one of Obama's decisions, so let's discuss it?
Oldtimer said:Tam said:Oldtimer said:Tim Geithner was approved as the Treasury Secretary in the Senate by a vote of 60 ayes- 34 nays.....
Be proud Oldtimer the man that designed the TRAP program and tax cheat is in charge of the US purse strings. :roll:
Who's he been TRAPPING :???: :wink: :lol:
I don't know much about the man- but apparently a majority of the Senators think his qualifications are more important- apparently including some Republicans -eh ....
Oldtimer said:hypocritexposer said:he's one of the only ones with the knowledge to bring the country back from the Depression it is headed into/currently in
Why would he be one of the only ones, could it be that he took part in making it this way?
How's that Reader, did I do good, I have an issue with one of Obama's decisions, so let's discuss it?
Because of his past experience- performance- and the fact he's been working with the current Administration to take some fast major moves, is what I'm hearing...
In reading the political history of the Great Depression- much of it is like Deja Vu all over...Presidents (Hoover/Bush) that wouldn't regulate- that wanted to allow the free market to work it out- that did little or no action until too late...Both replaced in a major election by Presidents from the opposite party- that both will probably take/make those fast major moves in rebuilding the economy- and replacing the banking/regulatory system....
Sadly- Congress over the last 10-15 years forgot why those rules/regulations were put in place- and has history repeating itself now..
Oldtimer said:aplusmnt said:Oldtimer said:Who's he been TRAPPING :???: :wink: :lol:
I don't know much about the man- but apparently a majority of the Senators think his qualifications are more important- apparently including some Republicans -eh ....
If McCain would have gotten elected and nominated Geithner or another person with similiar issues you would be all over this.
You have either became a partisan Democrat, a Obama supporter that has to save face or a Caustic Burno one of the three! Because I know based on your post from years ago, you would be against this man if you were honest with us on here. And that is why you have lost respect from all of us because either you are not honest with your self or you are being dishonest with us.
I really don't know the man that well-- but according to a huge majority of the economists, he's one of the only ones with the knowledge to bring the country back from the Depression it is headed into/currently in....And like I said on a previous post-- if the man was hiding money from taxation like Phil Gramms bank was helping people do- then I would be up in arms----but a mistake on what you should or should not file is not that big a deal...As we found out personally- even H&R Block, the local CPA's, the tax attorneys and the IRS don't have a clear understanding or agreement on how to interpret the huge volumes of tax law...
I'm more in favor of a simplified tax code- than in criticizing someone that gets caught underpaying....
reader (the Second) said:Here's an article on Geithner from November. What I heard today at work was that the market would have had another drastic downturn if he had not been confirmed. I believe part of his appeal is that his appointment would encourage the financial market, as they have confidence in him, he's a bridge from the Fed to Wall Street per the article below. So he lives in two critical worlds. My BIL is an economist and I'll ask him why Geithner when I get a chance. I'm telling you what I hear here.
Who is Timothy Geithner? (Wall Street Journal)
President-elect Barack Obama’s pick for Treasury secretary is relatively young, largely unknown and a proud workaholic. He is known for staying out of the spotlight, preferring to operate quietly behind the scenes to watch over financial markets as president of the Federal Reserve Bank of New York.
Timothy Geithner, 47, has had a seat at the table since the credit crisis erupted in August 2007 and eventually sparked the deep economic downturn the nation is facing now. As a result, at least until his confirmation hearing, he’ll be criticized for having a major role in a government response that hasn’t always instilled confidence in financial markets — even if it prevented a wider financial meltdown.
As the Fed’s man on Wall Street, Mr. Geithner was a key architect of the $30 billion bailout to prevent the bankruptcy of Bear Stearns Cos., leading to charges the government was stoking moral hazard. He shaped the Fed’s lifeline to investment banks that followed, and was among the officials involved in assessing the implications of the troubles around Fannie Mae, Freddie Mac, Lehman Brothers Holdings, American International Group and numerous other firms (from Wachovia to Citigroup) that have come under market pressure.
Few of those calls were his decision alone. Mr. Geithner will be praised as one of the most effective managers in an unprecedented situation, looking around the corner for the crisis that might follow. He has been in many ways an activist looking to intervene wherever the government could to address a market failure. As vice chairman of the interest-rate-setting Federal Open Market Committee (the usual role of the New York Fed chief), Mr. Geithner was among the first officials deeply concerned about the economic implications of the credit crisis. He advocated for the aggressive rate cuts since September 2007 that probably kept the economy out of a deeper downturn until now.
Mr. Geithner has been at Fed Chairman Ben Bernanke’s side throughout the crisis. He’ll bring a deep familiarity with the government’s actions so far and an understanding of its authorities. He worked directly with top Treasury and FDIC officials throughout the crisis to create new government programs to backstop the faltering financial system. At Treasury starting in 1988, rising through the ranks to become an undersecretary in the Clinton administration, Mr. Geithner learned from Treasury Secretaries Robert Rubin and Lawrence Summers to keep options open and became a top official managing the international financial crisis in the late 1990s.
He took over the Federal Reserve Bank of New York five years ago, after working at the International Monetary Fund, without the traditional training of a Fed policy maker — a Ph.D. in economics. (His undergraduate degree, from Dartmouth College, is in government and Asian studies. He also has a master’s in international economics and East Asian studies from Johns Hopkins University.) So in his speeches after taking the top New York Fed post, he focused on risks to the financial system and the importance of addressing them.
His work clearly didn’t go far enough — and that may become one focus of his confirmation hearings. One of the Fed’s harshest critics, Sen. Jim Bunning (R., Ky.), earlier this year accused Mr. Geithner and other officials of missing “an awful lot of red flags” as regulators over the past decade. “Nobody was watching the store, so it was eventually going to happen,” he said at an April hearing after the Bear Stearns crisis.
Mr. Geithner argued that regulators have been taking action for years, trying to address the risks, but acknowledged that broader action would be necessary.
“I’m not claiming that people were wise and all-knowing or that we did everything that could have been done, but I just want to underscore the fact that we took a series of actions to try to make the system more resilient to these kinds of stress and those things have made a lot of difference,” he said. “The system would have been more fragile without those things. … They did not achieve enough traction in areas where we would have liked them to achieve more.” –Sudeep Reddy
Republican Senator Lindsay Graham supports Geithner's nomination, calling him "very, very competent" and "the right guy" for Secretary of the Treasury. Utah Senator Orrin Hatch said that Geithner had made "a mistake that a human being can make", and said that Geithner was the best person the Obama administration would nominate for Secretary of the Treasury
and said that Geithner was the best person the Obama administration would nominate for Secretary of the Treasury
and said that Geithner was the best person the Obama administration would nominate for Secretary of the Treasury