Geithner to stay on as Treasury chief - Reuters

[Tierra_y_Libertad]

*Sigh* - Will this be added as another glorious achievement to The List?

http://www.reuters.com/article/2011/08/07/us-usa-geithner-idUSTRE77623O20110807

"Secretary Geithner has let the president know that he plans to stay on in his position at Treasury," Assistant Treasury Secretary Jenni LeCompte said. "He looks forward to the important work ahead on the challenges facing our great country."

Geithner had indicated he might leave after a debt-limit increase was approved, but administration officials indicated that both Obama and the White House chief of staff had urged Geithner not to leave now.

The announcement lands as a debt crisis on both sides of the Atlantic rises to a boil. European officials are struggling to prevent financial turmoil from spreading from the periphery to core economies such as Italy's, while officials in Washington will seek to minimize fallout from a stunning debt downgrade on Friday.

Geithner, the last of Obama's original economic team to remain in office, is no stranger to economic storms. In his previous job as president of the New York Federal Reserve, he played a central role in the government's response to the housing market collapse and credit crunch of 2007-2009.

[chill_wind]

1. Surprised

NOT.


K & R.

[dixiegrrrrl]

2. Timmy scapegoat, we need you NOW more than ever!

And Bernanke has 4 more years to go....sigh.

[Tierra_y_Libertad]

4. Keeping the same crew and expecting different results....

The economic situation for the common people reminds me of this poem.

Not Waving but Drowning

Nobody heard him, the dead man,
But still he lay moaning:
I was much further out than you thought
And not waving but drowning.

Poor chap, he always loved larking
And now he's dead
It must have been too cold for him his heart gave way,
They said.

Oh, no no no, it was too cold always
(Still the dead one lay moaning)
I was much too far out all my life
And not waving but drowning.

Stevie Smith

[dixiegrrrrl]

5. Well, the cheers me right up, it does.

:evilgrin:

[Tierra_y_Libertad]

7. You have to sing it to the tune of, "Happy Days Are Here Again".

[chill_wind]

11. LOL. I wish all this really WAS

from The Onion or something.

[banned from Kos]

3. Jon Corzine was rumored to be looking at Treasury

Qualified no doubt. But if its not Michael Moore many here would be angry.

[GreenPartyVoter]

6. Well, why the hell not?!

:mad:

[Karmadillo]

8. "Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

Good thing he isn't a school teacher because Obama would have to hold him accountable.

http://188.126.66.67/news/and-just-because-there-risk-us-could-lose-its-aaa-rating-tim-geithner-no-risk

All you need to know (from April 2011):

Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”

Geithner’s response: “No risk of that.”

“No risk?” Barnes asked.

“No risk,” Geithner said.


Video at link.

[xchrom]

9. Fuck. Nt

[cbdo2007]

10. "he might leave after a debt-limit increase was approved...." - DAMN, we were this close!!!

to having this idiot gone.

Can't President Obama just fire him?

[Vanje]

13. Obama begged him to stay

Obama likes Geithner.

[Vanje]

12. Well, Shit.

nt

[corpseratemedia]

14. Let the losingness continue

wtf

maybe the goal is to lose

[_ed_]

15. Let the Good Times Roll!

.