Comments on: Is the Geithner Nomination in Trouble??? http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 21:03:30 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: TennesseeCPA http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-140142 TennesseeCPA Mon, 19 Jan 2009 16:55:38 +0000 http://www.ritholtz.com/blog/?p=16374#comment-140142 Soon-to-be President Obama should make the phone call to have Geitner withdraw his name. SE taxes are pretty simple to understand. Tax representatives are pretty simple to hire and retain. The press often runs pics of Geitner "cutting his eyes" to one side or the other. Makes him seem shifty and slightly paranoid. Duh! If the man can't take care of his tax obligation, don't put him in charge of the IRS and the rest of Treasury. Find him a place as White House advisor, EPA, OMB... just not Treasury. Soon-to-be President Obama should make the phone call to have Geitner withdraw his name. SE taxes are pretty simple to understand. Tax representatives are pretty simple to hire and retain. The press often runs pics of Geitner “cutting his eyes” to one side or the other. Makes him seem shifty and slightly paranoid. Duh! If the man can’t take care of his tax obligation, don’t put him in charge of the IRS and the rest of Treasury. Find him a place as White House advisor, EPA, OMB… just not Treasury.

]]> By: sportsbiz http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-140058 sportsbiz Mon, 19 Jan 2009 02:01:17 +0000 http://www.ritholtz.com/blog/?p=16374#comment-140058 Obama should withdraw Geithner's nomination now, if Geithner won't have the courtesy to do it himself. Each day that this nomination stays outstanding is another day in which Obama's honeymoon is going away. The tax thing is bad enough and there is no real excuse for it. Anyone as bright as he is can't really plead ignorance and have us take him seriously, especially with the amount of information provided to him by the IMF. However, the real problems are his performance at the Fed and his ties to Goldman. He helped lead us into the bank mess we find ourselves in now and the conflicts he shares with Paulson, et.al have yet to be fully explored. There is nothing about this nomination that reflects favorably on Obama and the sooner he pulls it, the better it will be for him. Clearly, there are better prospects out there. Obama should withdraw Geithner’s nomination now, if Geithner won’t have the courtesy to do it himself. Each day that this nomination stays outstanding is another day in which Obama’s honeymoon is going away. The tax thing is bad enough and there is no real excuse for it. Anyone as bright as he is can’t really plead ignorance and have us take him seriously, especially with the amount of information provided to him by the IMF.

However, the real problems are his performance at the Fed and his ties to Goldman. He helped lead us into the bank mess we find ourselves in now and the conflicts he shares with Paulson, et.al have yet to be fully explored. There is nothing about this nomination that reflects favorably on Obama and the sooner he pulls it, the better it will be for him. Clearly, there are better prospects out there.

]]> By: EDF http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-140028 EDF Sun, 18 Jan 2009 20:34:23 +0000 http://www.ritholtz.com/blog/?p=16374#comment-140028 Geithner did nothing that other red-blooded Americans do: namely, chisel on taxes when they can. You know, "...cast the first stone..." and all that. IMHO, that's not enough reason to reject him. The most damaging charge against Geithner is that he has, for all practical purposes, been a reduced-size version of Paulson. And Paulson has done a remarkably careless (some might say incompetent) job as Treasury Secretary. We don't need to repeat that experience. Geithner did nothing that other red-blooded Americans do: namely, chisel on taxes when they can. You know, “…cast the first stone…” and all that. IMHO, that’s not enough reason to reject him.

The most damaging charge against Geithner is that he has, for all practical purposes, been a reduced-size version of Paulson. And Paulson has done a remarkably careless (some might say incompetent) job as Treasury Secretary. We don’t need to repeat that experience.

]]> By: dunnage http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-139872 dunnage Sat, 17 Jan 2009 20:24:39 +0000 http://www.ritholtz.com/blog/?p=16374#comment-139872 Not paying taxes because of the confusing IRS codes -- Pathetic to even mention. Most everybody fills out the One Page tax form -- by the by -- the $ has been taken thank you. The rest of the pages of are for people like Geithner and companies like Citi. I recommend Geithner try wages -- his employer will remove his taxes from his pay and send them to the government. He should be given help in his time of need. Not paying taxes because of the confusing IRS codes — Pathetic to even mention. Most everybody fills out the One Page tax form — by the by — the $ has been taken thank you. The rest of the pages of are for people like Geithner and companies like Citi.

I recommend Geithner try wages — his employer will remove his taxes from his pay and send them to the government. He should be given help in his time of need.

]]> By: dunnage http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-139868 dunnage Sat, 17 Jan 2009 20:18:57 +0000 http://www.ritholtz.com/blog/?p=16374#comment-139868 I do not see the value of the Dollar fading. Am I mistaken? I do not see the value of the Dollar fading. Am I mistaken?

]]> By: dunnage http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-139865 dunnage Sat, 17 Jan 2009 20:17:14 +0000 http://www.ritholtz.com/blog/?p=16374#comment-139865 How nice, folks now find that Mr.Geithner has basically done nothing. My favorite is how everybody says our Intelligence on WMF was crap and therefore..... When I remember numerous reports from CIA, FBI, and Foreign Service saying the whole story was BS. Ya, the CIA finally caved, weasels, yet they were correct at the beginning. Newspapers and News Networks are the biggest damned bunch of cheerleaders in our history. NYTs a great example of today's liberal. Hell, nuke Syria, Iran ----- OK, I guess Iraq was a tiny mistake, so move out and get into the Right War: Afghanistan. Conflict of Interest? Hello, did you just notice? Try an actual reality check. And while you want reports sent in --- I say, reality check again--- Paulsen for one said from day 1 he was going to do with the money as he pleased. And Conflict, it will not change. So what do we do with it as it is and was and will be short of a soft revolution of sorts? Convince the Princes of Supple Side that it would be to their benefit to do a few things for the country. Otherwise they will pocket the $. And the public, hell they believe in the Philips Curve and gladly march down to unemployment for their own good to preempt INFLATION. Public hasn't gotten a raise in 40 years and we do not hear a peep. In fact the working fool trashes Unions with more venom than a Prince, How nice, folks now find that Mr.Geithner has basically done nothing.

My favorite is how everybody says our Intelligence on WMF was crap and therefore….. When I remember numerous reports from CIA, FBI, and Foreign Service saying the whole story was BS. Ya, the CIA finally caved, weasels, yet they were correct at the beginning.

Newspapers and News Networks are the biggest damned bunch of cheerleaders in our history. NYTs a great example of today’s liberal. Hell, nuke Syria, Iran —– OK, I guess Iraq was a tiny mistake, so move out and get into the Right War: Afghanistan.

Conflict of Interest? Hello, did you just notice? Try an actual reality check. And while you want reports sent in — I say, reality check again— Paulsen for one said from day 1 he was going to do with the money as he pleased. And Conflict, it will not change. So what do we do with it as it is and was and will be short of a soft revolution of sorts?
Convince the Princes of Supple Side that it would be to their benefit to do a few things for the country. Otherwise they will pocket the $. And the public, hell they believe in the Philips Curve and gladly march down to unemployment for their own good to preempt INFLATION. Public hasn’t gotten a raise in 40 years and we do not hear a peep. In fact the working fool trashes Unions with more venom than a Prince,

]]> By: Mike in Nola http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-139729 Mike in Nola Sat, 17 Jan 2009 06:31:36 +0000 http://www.ritholtz.com/blog/?p=16374#comment-139729 The bigger problem is not his tax ethics, but his connection to the failed policies that led to the mess and his role in bailing out those who got rich and stuck us with the bill. The bigger problem is not his tax ethics, but his connection to the failed policies that led to the mess and his role in bailing out those who got rich and stuck us with the bill.

]]> By: DL http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-139717 DL Sat, 17 Jan 2009 04:08:42 +0000 http://www.ritholtz.com/blog/?p=16374#comment-139717 Certainly, Geithner wants to extract money from the taxpayers and give it to the banks, which is a course of action not in the national interest. The question, however, is whether or not Obama likes the idea. If so, he'll just direct his treasury secretary to do just that. I've never heard Obama discuss this matter. There's no question that he wants government to assume a much larger share of the GDP than is currently the case, but given his campaign rhetoric, I would guess that throwing money at Wall Street "fat cats" is not at the top of his agenda. Certainly, Geithner wants to extract money from the taxpayers and give it to the banks, which is a course of action not in the national interest.

The question, however, is whether or not Obama likes the idea. If so, he’ll just direct his treasury secretary to do just that. I’ve never heard Obama discuss this matter. There’s no question that he wants government to assume a much larger share of the GDP than is currently the case, but given his campaign rhetoric, I would guess that throwing money at Wall Street “fat cats” is not at the top of his agenda.

]]> By: Mannwich http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-139670 Mannwich Fri, 16 Jan 2009 23:03:07 +0000 http://www.ritholtz.com/blog/?p=16374#comment-139670 I say bring back Spitzer in some regulatory role, maybe not Treasury Chief, but head of SEC. I say bring back Spitzer in some regulatory role, maybe not Treasury Chief, but head of SEC.

]]> By: Sandy http://www.ritholtz.com/blog/2009/01/is-the-geithner-nomination-in-trouble/comment-page-1/#comment-139632 Sandy Fri, 16 Jan 2009 21:06:41 +0000 http://www.ritholtz.com/blog/?p=16374#comment-139632 As the value of a dollar fades so too integrity. As the value of a dollar fades so too integrity.

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