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

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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:34 PM
Original message
Geithner: Not A Good Idea To Move Your Money From Big Banks
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.
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:35 PM
Response to Original message
1. everyday is opposite day with Geithner, Summers, and Rahm: do the opposite of what they say...
and we'll be okay.
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jasi2006 Donating Member (544 posts) Send PM | Profile | Ignore Tue Jan-26-10 09:34 AM
Response to Reply #1
47. Yes it is! nt
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 10:28 AM
Response to Reply #1
51. +1000
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NightWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:36 PM
Response to Original message
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
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calico1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:37 PM
Response to Original message
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.
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GinaMaria Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:45 PM
Response to Reply #3
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.
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MadMaddie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:38 PM
Response to Original message
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.
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mariawr Donating Member (171 posts) Send PM | Profile | Ignore Mon Jan-25-10 03:39 PM
Response to Original message
5. Move your money. That is all. nt
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thatsrightimirish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:40 PM
Response to Original message
6. thank god
we have a treasury secretary that is looking out for our best interests
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ljm2002 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:42 PM
Response to Original message
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.
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:43 PM
Response to Original message
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.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:43 PM
Response to Original message
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.

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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:58 PM
Response to Reply #9
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.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:41 PM
Response to Reply #14
22. Telling people to run on the banks is in the public interest?
Delusional.

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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:46 PM
Response to Reply #22
23. Typically ill considered remark
demonstrating (yet again) zero understanding of the issues.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:48 PM
Response to Reply #23
24. No, it's beyond stupid to think the Treasury Secretary is going to avocate a run on the banks. n/t
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:57 PM
Response to Reply #24
25. With your ability to deceptively and cluelessly spin-
there ought to be a job with a blue dog campaign out there for you.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 05:01 PM
Response to Reply #25
26. Repeat:
It's beyond stupid to think the Treasury Secretary is going to avocate a run on the banks.

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ibegurpard Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:43 PM
Response to Reply #9
40. why is it a run on banks to transfer from one bank to another?
Edited on Mon Jan-25-10 10:45 PM by ibegurpard
although I'm sure the banks affected would like that kind of hyperbole to take hold.
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 09:49 AM
Response to Reply #40
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.
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 08:49 AM
Response to Reply #9
46. Moving Money, Not Removing From The Banking System
Different thing.
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HCE SuiGeneris Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:44 PM
Response to Original message
10. His proclamation tells me... it is EXACTLY the right thing to do.
F U, Timmy!

F U, Banksters!
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change_notfinetuning Donating Member (750 posts) Send PM | Profile | Ignore Tue Jan-26-10 01:21 AM
Response to Reply #10
45. Yep. That confirms it. All doubt is dispelled. n/t
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uponit7771 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:48 PM
Response to Original message
12. Wow....k, fuck Geithner he's ...wow
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Joe Chi Minh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:57 PM
Response to Original message
13. Nice to hear him squeal though. Boycotts work.
Edited on Mon Jan-25-10 04:05 PM by Joe Chi Minh
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ananda Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:03 PM
Response to Original message
15. LOL
Already moved to a credit union and LOVE it.
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Froward69 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:11 PM
Response to Original message
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!
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Ernesto Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 05:01 PM
Response to Reply #16
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!
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Froward69 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 10:08 AM
Response to Reply #27
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.
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marlakay Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:13 PM
Response to Original message
17. Love my small community bank they are wrong!
and Obama isn't going to have a second term until he gets new staff.
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inna Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:23 PM
Response to Original message
18. What bastard. Be sure to see this:
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BrightKnight Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:31 PM
Response to Original message
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...
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ShortnFiery Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:33 PM
Response to Original message
20. Yes to Credit Unions! eom
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salguine Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:32 PM
Response to Reply #20
39. Don't be surprised if the Too Big To Fail banks buy the abolition of credit unions.
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flyarm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:37 PM
Response to Original message
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!
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fadedrose Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 05:13 PM
Response to Original message
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....
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apnu Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 05:23 PM
Response to Original message
29. Hey Tim! Suck it! I moved my money to a local Credit Union and couldn't be happier.
So bite my schawanz loser.
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That Is Quite Enough Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 05:27 PM
Response to Original message
30. Eff Geithner and the rest of the economic bandits
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DLnyc Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 05:46 PM
Response to Original message
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.
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old mark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 06:15 PM
Response to Original message
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
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PurityOfEssence Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 06:23 PM
Response to Original message
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.
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Hawkeye-X Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 07:21 PM
Response to Original message
34. I moved my money to a CU when big banks started charging me unnecessary fees
Think about that, Geithner?

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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 07:23 PM
Response to Original message
35. Repeat lie- over and over (be careful not to overlearn the principle)
Edited on Mon Jan-25-10 07:23 PM by depakid
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santamargarita Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 07:30 PM
Response to Original message
36. Now I'm definitely moving my money...
to my mattress!
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donheld Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:22 PM
Response to Original message
37. Oh god, now I have to go the the Credit Union.
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salguine Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:31 PM
Response to Original message
38. Moving from Chase to Apple Bank first thing in the morning.
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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:58 PM
Response to Original message
41. fuck you Geithner
fucking money grubbing whore
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bluedigger Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 11:00 PM
Response to Original message
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.
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D23MIURG23 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 11:54 PM
Response to Original message
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.
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Wilms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 12:59 AM
Response to Original message
44. LOL! n/t
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asdjrocky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 10:13 AM
Response to Original message
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?
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