If Timothy Geithner is as bad at handling the economy as he is at picking bathroom tiles, he won’t need to sell his house.
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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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July 30th, 2009 at 6:17 am
That has to be one of the best ever! Thanks BR for the early morning LMFAO.
July 30th, 2009 at 9:37 am
brilliant
July 30th, 2009 at 9:43 am
Sold to Sir-Coughs-a-lot!
July 30th, 2009 at 9:59 am
auction was the best part. I’ll bang the bangy thing… lol.
July 30th, 2009 at 10:00 am
also, I loved schillers reaction to the bathroom. I, don’t, like, that…he’ll be on TLC soon enough.
July 30th, 2009 at 10:01 am
Only Timothy Geithner could screw himself.
July 30th, 2009 at 10:11 am
I think he should force Paulson or Greenspan to buy it. He could even take back a second mortgage for them, as kind of an incentive, oh, and maybe offer to pay closing costs.
July 30th, 2009 at 10:30 am
“What it should be…is a piece of accent furniture…so that it doesn’t disrupt the integrity of the design…”
Brilliant! That Schiller is a Renaissance Man.
July 30th, 2009 at 10:31 am
I think Geithner is secretly on meds for Schizophrenia, I mean look at those eyes! Good Skit!
July 30th, 2009 at 10:47 am
Am I the only one who finds it deeply disturbing that the Treasury Secretary bought at the peak and is trying to get more than he paid for his house in spite of a 30% downturn in prices? This is a window into the man’s cognitive processes, and it scares the living daylights out of me.
July 30th, 2009 at 10:53 am
As NY Fed President, he pulled down $381K, or 4.1X the home’s price. Basically, he was a sub-prime borrower.
As Treasury Secretary, he makes $191K, and has to maintain a home in D.C.
How is he carrying two residences on half the salary?
July 30th, 2009 at 11:00 am
What I meant was he paid 4.1x his NY Fed President’s salary for the Larchmont home.
July 30th, 2009 at 11:04 am
I lost a LOT of respect for Shiller! I thought he was one professor who didn’t fall into those who can can and those who can’t teach.
The words were NOT too strong. Like Bernanke the guy never saw it coming, doesn’t see it now.
These people ARE the problem, we’d be better off without their a$$enine help/fixes.
July 30th, 2009 at 12:04 pm
in denial in his personal life
in denial in his work life
timmy, hello, you are in denial
July 30th, 2009 at 12:25 pm
Maybe we’ll see some real change if he has to foreclose.
July 30th, 2009 at 1:37 pm
that was super funny
July 30th, 2009 at 7:03 pm
fucking hysterical-
can’t play video at work- so had to wait until I got home-
when he broke out the color palettes- I was rolling on the floor