Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Geithner On Move Your Money: Not A Good Idea (VIDEO)

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 » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:46 PM
Original message
Geithner On Move Your Money: Not A Good Idea (VIDEO)
Treasury Secretary Timothy Geithner does not think that Move Your Money is a good idea.

Geithner addressed the campaign against too-big-to-fail banks during a recent interview with Politico. While Geithner said he understood the anger against bailed out banks and said it was fair of bank customers to expect more, he did not explain why he thought that it was a bad idea.

Move Your Money is a project that seeks financial reform from the ground up. Account holders with money at bailed-out banks are encouraged to withdraw their money and deposit it into smaller, better-managed community banks and credit unions. Wall Street banks have cut lending while accepting taxpayer money and are using profits to fight financial reform in Congress.

Geithner's comments about Move Your Money begin at 3:35. During the same interview, Geithner warned that if Federal Reserve Chairman Ben Bernanke is not reconfirmed, markets would react negatively.

http://www.huffingtonpost.com/2010/01/25/geithner-on-mo...

If I hadn't already moved ours, I sure as hell would now. After all the anger, he's still protecting his bailed out buds?
Printer Friendly | Permalink |  | Top
peace frog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:50 PM
Response to Original message
1. I'll just bet he doesn't thinnk it's a good idea
All the more reason to MOVE YOUR MONEY To a local bank or credit union.

Printer Friendly | Permalink |  | Top
 
laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:54 PM
Response to Reply #1
3. I really like the way he doesn't say why it's not a good idea. nt
Printer Friendly | Permalink |  | Top
 
RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:52 PM
Response to Original message
2. Disingenuous.
Printer Friendly | Permalink |  | Top
 
aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:55 PM
Response to Original message
4. Yeah, he's not one I go to for advice.
Printer Friendly | Permalink |  | Top
 
villager Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:57 PM
Response to Original message
5. Wow, if he thinks it's bad, it must really be a great idea!
n/t
Printer Friendly | Permalink |  | Top
 
caraher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:41 PM
Response to Reply #5
7. indeed! nt
Printer Friendly | Permalink |  | Top
 
RC Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:09 PM
Response to Original message
6. I moved mine from a national to a local bank
over 40 years ago. Am I ahead of the game or what? :P

The national bank could not keep my checking account straight.
Printer Friendly | Permalink |  | Top
 
gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:54 PM
Response to Reply #6
8. What do you care if your checking account is gay?
Gee whiz, and why would you expect your bank, of all places, to make or keep your checking account straight?

:P
Printer Friendly | Permalink |  | Top
 
Marr Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:56 PM
Response to Original message
9. If the Wall Street agents are against it, it must be good for me.
Printer Friendly | Permalink |  | Top
 
BanzaiBonnie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:01 PM
Response to Original message
10. Geithner is protecting HIS FUTURE
When he's done in the Obama admin, he'll go straight back, into the waiting arms of his Wall Street buddies.
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 Aug 01st 2014, 08:44 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) 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