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Awkward Dartmouth Kid to Lead Warburg Pincus
I guess they'll let anyone run a private equity firm these days. Case in point: a legacy admit to Dartmouth with only three and a half years experience in the private sector (at a consulting firm no less!) is set to take the reins at Warburg Pincus early next year. What's worse is that nobody has...
How to Rob the IRS
Before I get into the subject matter at hand, I have to ask the question: Are you starting to get it? Populism, that is. How can people not be pissed when GE doesn't pay a dollar of federal corporate income tax? This not even three months after General Electric CEO Jeffrey Immelt was appointed by...
Weekend Wars: Tim&Ben vs. The World
Weekend wars returns this week with a propagandist homage to the "good cop, bad cop" routine. As Jorgé notably summarized a few days ago , it seems as though the winds of change are blowing for Timothy Geithner, but is that really such a bad thing for the U.S. overall? Is it bad for TG himself? One...
Geithner Out; Bloomberg Next Treasury Secretary
Pretty interesting speculation here: http://www.businessandmedia.org/articles/2010/201… Kudlow says Geithner is out as Treasury Secretary and that NYC Mayor Michael Bloomberg has already agreed to take over. What do you think that will do for the country in general, and Wall Street in particular?
Davidowitz Unglued
This video is hilarious because Howard Davidowitz absolutely loses his shit when questioned about the hearings currently under way on Capitol Hill. Unfortunately, exasperation aside, he's right on every point. Good stuff:
Did Geithner Have a Choice?
After watching Tim Geither get torn a new one by the House today, I couldn't help but put into question the validity of some of his answers - especially of those relating to the Fed's repayment of AIG's swaps to counterparties such as Goldman Sachs and other big banks. Geither asserted that when...
AIG Bailout a Matter of National Security?
***UPDATE: Geithner Spoke to Buffet, Blankfein on the Morning of AIG Bailout *** The Federal Reserve will apparently go to any length to conceal their actions from the public. After the inconvenient disclosure of emails from the New York Fed encouraging AIG to conceal the terms of the backdoor...
DeFazio Calls for "Timmy's" Head
Rep. Peter DeFazio (D-OR.) yesterday called for the firing of Larry Summers and "Timmy" Geithner , claiming they were both in the bag for Wall Street. In an interview with MSNBC, DeFazio blasted Obama's recovery plan for using taxpayer funds to bailout banks instead of building roads and bridges to...
Geithner Loses It
Tim Geithner lost his shit in a regulatory meeting on Friday, it is being reported: http://www.nytimes.com/reuters/2009/08/03/busines… Evidently, he takes umbrage at those who would question the altruistic intentions of the Federal Reserve Bank. And he was not polite about it. According to the...
Geithner Pwns Union Stooge
In case you weren't aware of the stigma being called an investment banker carries these days, check out this exchange between Timothy Geithner and AFL-CIO mouthpiece Damon Silvers: http://blogs.wsj.com/economics/2009/04/21/geithne… I just find it hilarious that a union lawyer would go into a...
Geithner, Romer, And Summers - Best Team Ever?
Obama just got finished officially announcing his new economic Dream Team. As we all know, Tim Geithner will be the new secretary treasury (and he skateboards , isn't that ,like, totally rad or something?), Larry Summer will serve as his top economic advisor (probably said 'No' to the Treasury job,...
A Mortally Wounded Private Sector
The President’s 2011 budget proposal was so outrageously egregious that Obama had to hold a special conference on Monday just to spin the news. The scope of the proposed budget for fiscal 2011 is $3.8 trillion. The difference between revenue and expenditures for this fiscal year will leave us with...
Jimmy Cayne on Geithner
I came across this earlier today and got a kick out of it. http://www.businessinsider.com/jimmy-cayne-tim-ge…
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