Geithner is a cocky arrogant egotistical SOB....

[dixiegrrrrl]

I am watching his testimony on the Oversight Hearing ( the replay) and he has 3 times
totally ignored Eliz Warren to wrap up his rapid fire bs statements.
And he has said the problems " are very complicated" about eleventy dozen times.

Nice to see Code Pink sitting directly behind him.

Nice to hear Warren asking the questions we all asked.

[polichick]

1. Warren is great; I'm so glad she's on the job!

[MannyGoldstein]

2. He's A Protoge of Kissinger, Rubin, Summers, and Paulson

I wouldn't expect hin to be much different than he is.

[Captain Hilts]

3. Then he'll fit right in in DC. nt

[DCKit]

4. It seems they expected Ms. Warren to be seen and not heard.

Guess she's not simply grateful to have snagged the position, she wants to make her mark too.

[Crewleader]

5. Elizabeth Warren did wonderful today.

I liked how she handled Geithner when asked of the regulations and he kept turning pages...she reminded him of the importance that needs to be done.

Here's Elizabeth speaking of it all for those that missed this.

Elizabeth Warren Introduces COP's April Report

http://www.youtube.com/watch?v=7bRerUGAOAw&eurl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F130425-elizabeth-warren-the-bailout-road-less-traveled&feature=player_embedded

[Crewleader]

6. Elizabeth Warren To Geither , "People Are Angry"

http://www.huffingtonpost.com/2009/04/21/elizabeth-warren-to-geith_n_189446.html

[Skittles]

7. he is disgusting

[KoKo]

8. I watched him today...and thought he was "melting down"

when he was so Defensive in his opening statement. His whole testimony seemed like a guy "lying through his teeth" and trying so hard to be taken as credible that his every non-answer to a question, dug him deeper into a hole.

It was terrible. That guy needs to go. He's always seemed sneaky...today he seemed like a liar in one of the Bush Bot's mode with his rambling defense of himself, and his policies carried over from Paulson and fed to him by Summers.

[girl gone mad]

9. He's always been out of his league, in my view.

As evidence, take the way he handled Lehman, and particularly the spin that eminanted from his office over the months, revising his true role depending on whatever the consensus of the day was.

[Hawkowl]

10. Let's be completely frank

Geitner is blathering, fucking IDIOT! He is basically spouting monetarist, Milton Friedman, Chicago school, economic drivel! He doesn't address the FAILURE of the markets at all, so he doesn't have to come up with remedies for market failure.

He views the problem in completely the wrong light. In his tiny, little, cockroach-like mind, he views the problem as a mere liquidity problem. Something to be fixed by shoveling as much money, as fast as possible at only the largest of the banking institutions. The "institutions" (I always think of "one flew over the cuckoos's nest") are simply stuffing the cash into their mattresses (aka vaults) for the onslaught of the hurricane of mortgages defaults now readily discernible on the bleak economic horizon.

His whole strategy is just Japan's 1990's strategy writ large. Someone should tell the malignant little asshole that the USA is the world's biggest importer, not the world's biggest exporter like Japan was. So our problem is going to be orders of magnitude much worse than Japan's ever was.

Which brings us to the real solution. We need a real economy. An economy that makes things the world wants and pays people enough money to buy the things they make! Having the top 5% taking 50% of the income from merely pushing imaginary financial instruments and forcing real goods and services companies into bankruptcy to profit from their breakups, is not an economy! It is economic suicide. Instead of continuing to shovel cash at these very same assholes who wrecked our economy, we should be investing in the real manufacture of goods and services.

The largest banks need to be broken up and forced into receivership. The way Teddy Roosevelt broke up the trusts in the early 20th century. It is the only way we will fix the economy in our lifetimes.

[barb162]

15. Bingo!

All he really cares about is the big banks and Wall Street, where he came from. He doesn't really care that much at all about the rest of the economy. He'll throw a few crumbs to the rest of the economy just to shut them up, but his major concern is megabanks and Wall Street. The worse problem: who put the "blathering, fucking IDIOT" in this spot.

[notesdev]

11. Why be so nice?

Call him what he is - a thief, a criminal.

Accidents, or acts of incompetence, that just happen to shovel billions and billions and billions to one's friends, beg for a more thorough level of investigation.

[edhopper]

12. Too me, he and Summers

were an obvious mistake on the part of Obama.
Of course try saying that on the GD and your an Obama basher,

[leftofthedial]

13. AND dead wrong.

hubris didn't work out too well for the bushies as I recall.

[blue97keet]

14. Yeah, the tangled up securitization mess is too complicated all right

and Geithner wants to restart it.