Geithner – Gone by June
Chris Whalen Director of Institutional risk Analytics tells TSC’s Debra Borchardt that Treasury Secretary Tim Geithner will be gone by June.
Fri 03/06/09 12:19 PM EST
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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March 7th, 2009 at 12:26 pm
Leave us hope so.
March 7th, 2009 at 12:36 pm
A lot of damage can be done between now and then.
March 7th, 2009 at 3:18 pm
Not soon enough considering the recent AIG bailout to pay off the CDS counterparties.
March 7th, 2009 at 4:40 pm
Can we get a protégé of Volker in at Treasury?
March 8th, 2009 at 8:53 am
Volker? Is unemployement too low for you or inflation too high? Volker?
March 8th, 2009 at 12:48 pm
So you think the one guy who knew what the right thing to do 29 years ago is just a one trick pony who doesn’t understand that different times need different solutions?
Have you read any of what Volker has said in the last two years?
I don’t recall seeing him advocate ramping up interest rates.