Geithner Said to Consider Leaving Treasury After Debt Debate

[ChrisBorg]

Source: bloomberg

Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter.

Geithner hasn’t made a final decision and won’t do so until the debt ceiling issue has been resolved, according to one of the people. All spoke on condition of anonymity to discuss private discussions.

The Treasury secretary has said the U.S. risks defaulting on its obligations if Congress doesn’t raise the $14.3 trillion debt ceiling by Aug. 2. The administration and congressional Republicans are at an impasse in negotiations to raise the limit, which also is tied to efforts to cut the nation’s long- term deficit.

Moody’s Investors Service said on June 2 it expects to place the U.S. government’s Aaa credit rating under review for a possible downgrade if there’s no progress on the debt limit by mid-July. Fitch Ratings said June 21 it would place the U.S. on a negative rating watch if no action is taken by Aug. 2.



Read more: http://www.bloomberg.com/news/2011-06-30/geithner-said-to-weigh-leaving-treasury-after-debt-ceiling-debate-resolved.html

[Myrina]

1. Yes please and make sure he doesn't get a job with Lehmann or Goldman/Sachs ...

.... or any of the other rich fuckwad corporations whose pockets he's lined for the past 2 years ...

[Springer9]

7. Not to worry, he can always go back to Kissinger Associates

I'm sure they'd be glad to have him.

[roguevalley]

17. he can't cram any more gold bars up his butt so he's waddling off.

please, may he never prosper. (A dose of poverty would do him good.)

[OHdem10]

2. Get ready for GOP to have their way on tax cuts.

[Fuddnik]

3. It's been rumored for several months that Jamie Dimon (Chase) will replace him.

[locahungaria]

5. I seriously hope that you were being sarcastic.....

Please say it ain't so?

[Fuddnik]

11. It's been floating around a few financial blogs and sites for months.

[truebrit71]

6. No way on god's green earth would that low-life sack of shit...

..leave his job worth hundreds of millions of dollars a year to run Treasury. Unless it personally enriches him, he isn't interested.

Double Fuck Jamie Dimon.

[progressoid]

13. Aw christ, that's just what we need.

Another corporate big wig in the White House. :grr:

[Renew Deal]

14. Proof?

Link?

[w4rma]

4. He has to fulfill his obligations to his future employers as per the terms of his next employment.nt

[gkhouston]

8. Big holiday coming up. Why not get an early start?

:evilgrin:

[Demeter]

9. Here's Your Hat, What's Your Hurry?

Goodbye, and good riddance!

[valerief]

10. Getting out before the big crash, I see. nt

[bullwinkle428]

12. TOOL little, TOOL late, Timmy!

[SoapBox]

15. Garbage in...Garbage out

The cycle never seems to change.

[Hubert Flottz]

16. Good, one less republican at the White House.

[CleanGreenFuture]

18. Good riddance. Don't let the door hit ya where the good Lord split ya!

[RoryK]

19. I should think that an excellent idea.

If I may be so bold as to suggest.

[Sportsguy]

20. Treasury Secretary Tim Geithner Is Considering Leaving His Post Once A Debt Ceiling Deal Is Reached

Source: CNN

"Treasury Secretary Tim Geithner Is Considering Leaving His Post Once A Debt Ceiling Deal Is Reached."

Read more: http://www.cnn.com/

---

Not a link to the story. It's breaking news on CNN. Hope I did this correctly.

[fascisthunter]

21. let me guess... he goes back to Wall Street

[andym]

22. "Back to Wall Street"?

Did he ever work on Wall Street? I thought he was in government most of his professional life-- late of the New York Federal Reserve.

[fascisthunter]

24. ooops... Freudian slip on my part.... he's a hack who works for Wall Street

[PoliticAverse]

25. Yeah the Federal Reserve in NY is 2 blocks away from Wall Street... n/t

http://en.wikipedia.org/wiki/Timothy_Geithner

[fascisthunter]

32. pretty convenient

[PoliticAverse]

23. Here's the direct link:

http://money.cnn.com/2011/06/30/news/economy/tim_geithner_resignation/index.htm

[InkAddict]

26. The road to Hell is paved with good intentions

to get out while the gettin's good.

[Johnny Harpo]

27. And Don't Let The Door Hit You In The Butt On The Way Out Timmy...n/t

[cal04]

28. Geithner says he'll stay for 'foreseeable future'

http://news.yahoo.com/geithner-says-hell-stay-foreseeable-future-225747690.html

Treasury Secretary Timothy Geithner said Thursday he'll stay in his job for the "foreseeable future," addressing speculation he might leave the Obama administration following the current round of budget negotiations.

"I live for this work. It's the only thing I've ever done. I believe in it," Geithner said when questioned about his plans by former President Bill Clinton onstage at a meeting of the Clinton Global Initiative.

"We have a lot of challenges in the country and I'm going to be doing it for the foreseeable future," he said.

Geithner, 49, acknowledged the interest in his plans, noting that he'd been commuting back and forth from New York and had a son who was going to be finishing high school there. Earlier a person familiar with his thinking told The Associated Press that Geithner saw an opening to potentially leave once a deal was reached on raising the nation's borrowing limit, but the source emphasized no decisions had been made. The person spoke on condition of anonymity to discuss private deliberations.

[OhioChick]

29. Here's the link from CNN:

http://money.cnn.com/2011/06/30/news/economy/tim_geithner_resignation/index.htm?hpt=hp_t1

[williesgirl]

30. Don't let the door hit you in the ass. run, don't walk, right back to your masters.

[AnneD]

36. Here we say.....

Don't let the door hit you where the good Lord split you.

[Angry Dragon]

31. A good spot for Warren??

[Volaris]

33. that was going to be my suggestion as well =)

[ejbr]

34. Obama wouldn't dare upset repigs like that. n/t

[global1]

35. Is That The Compromise?.......

The Repugs let the debt ceiling rise and Geithner resigns?

[defendandprotect]

37. The vile deeds done, off to his reward?