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There’s Nothing In The Treasury Anyway

By Jim Vicevich / January 14, 2009 /

Classic Shep Smith. His comments come on the heals of the Obama press conference on Treasury Secretary Nominee Timothy Geithner’s now well documented tax problems. You can watch Obama first here but essentially he dismisses the whole affair as “a mistake.” Well that’s about all Shep Smith can take and if you listen closely it really…

IRS simply withholding information and lying to Congress

By Steve McGough / June 6, 2013 /

On June 2, I wrote about the IRS conferences being held between 2010 and 2012. During that period, the inspector general’s report indicated the agency spent upwards of $50 million on conferences. About a year ago, then Treasury Secretary Timothy Geithner – or someone answering his mail – outright lied and claimed the department had only spent $500,000…

Treasury secretary proposes infinite debt limit

By Steve McGough / November 19, 2012 /

Hey, when you’re trying to run an expanding federal government, seeking permission from the people to spend more and more money we don’t have is a bloody inconvenience. When asked if we should ditch the debt limit all-together, Treasury Secretary Timothy Geithner agrees with Alan Greenspan – spend away! “Well, this is something only Congress can solve,”…

Geithner on the economy: it’s going to be hard, harder than anything you’ve ever experienced

By Jim Vicevich / July 11, 2011 /

I debated whether or not I would post this, because it’s just so doggone depressing. But it’s also refreshing to hear this coming from someone in the administration. Yesterday Treasury Secretary Tim Geithner, when asked the question how long this recession will continue, he responds … oh why should I spoil the surprise video below…

Obama provides unlimited loss coverage to Fannie Mae and Freddie Mac

By Steve McGough / December 26, 2009 /

A Christmas Eve White House decision that nobody will notice. President Obama and his treasury secretary, Timothy Geithner, have elected to increase loss coverage for the Government Sponsored Enterprises (GSE) of Fannie Mae and Freddie Mac from $200 billion to unlimited for the next three years.

Geithner to crack down on tax cheats? Bwahahaha

By Jim Vicevich / May 5, 2009 /

It’s just too good to pass up. The best part is they say it with a straight face. The president said he intends to close loopholes that actually were put in place during the Clinton administration to allow companies to compete more effectively overseas.

When Geithner speaks – stock market reaction

By SoundOffSister / April 22, 2009 /

Did anyone notice the big drop (more than 3.5%) in the stock market as of Monday’s close? As the financial stocks seem to have been the hardest hit, the better question, however, is “why”?  Well, it seems that this weekend, the latest administration news “leak” landed with a thud, causing an even louder thud on…

Capitalists … Meet Your Master

By Jim Vicevich / April 6, 2009 /

Just in case you were wondering if the CEO of General Motors is the only one facing the guillotine (figuratively of course).

No Time To Waste

By Jim Vicevich / March 28, 2009 /

Secretary Geithner needs sweeping powers to do all kinds of things like take over financial institutions that the government thinks might possibly need taking over. So he needs to move fast … faster than fast. No time to look this deal over … quick.   First this on Wednesday Allowing the Treasury Department to take over…

Geither To Announce Details … Wall Street Waits

By Erik Blazynski / March 21, 2009 /

Geithner is going to provide details of his toxic asset plan, there are serious ramifications to this. Obama says there are plans to expand government authority to take over failing companies.