Geithner AND Summers need to resign. ASAP.

[Postman]

http://www.huffingtonpost.com/huff-tv/arianna-discusses-outrage_b_176130.html

Arianna is spot on with her description of "toxic thinking"....(watch part 1)

Obama Adm. better get its act together and start acting more like FDR instead of acting like Bush lite when it comes to Wall Street...

[democracy1st]

1. I can't wait for both of those fools to be fired !

[FLAprogressive]

2. two Wall Street lackeys who should have never been in charge.

unfortunately the Wall Street DLC'ers would probably force Obama to pick another Wall Street insider as treasury. Wouldn't want to change the system now would we?

[Fumesucker]

3. Obama trusts them and so should we..

He is playing eleven dimension chess here, there is a grand plan in which everything makes perfect sense.

[democracy1st]

4. LOL that script is in the trash !

[Fumesucker]

5. What is this "script" of which you speak? n/t

[chimpymustgo]

16. All your base are belong to us...

"eleven dimension chess"

[dkf]

6. I don't think the AIG mess is part of the plan.

If Obama wants to tell us he can walk and chew gum at the same time, he can't let stuff like this happen.

He needs to prove the Republicans wrong by running a tight ship at Treasury.

[Fumesucker]

7. My brother has been telling me this has been coming for at least a year now..

He's just another lower middle class guy with in internet connection and a burning desire to know what's going on in the world, not a well connected, world class politician.

Myself, I don't find finance interesting at all so I don't pay any real attention to this stuff but the indicators have been out there for a long time.

[tkmorris]

37. Well if you can't be bothered to understand it

Perhaps you shouldn't register an opinion on the matter? Given your admitted ignorance and all.

[KharmaTrain]

8. There's No Reasoning With The Greedy

These people aren't just tone deaf, they feel entitled. They've had the rule of the roost for a long time...and those rules were to make the most money as you can. They are oblivious to the rest of us cause they still can make the money and that's all that matters. They're not gonna "help" President Obama unless there's something in it for them. Patriotism? We've gotten a real good lesson of what matter most on Wall Street, and it's not taking care of the financial welfare of this nation...only their own.

Summers and Geitner are products of this world and think they can tame it by being "reasonable"...a fatal flaw. Bottom line...if a company is too big to fail, it's too big to exist. There's a battle going on over who really controls the economy and Wall Street is winning. For the overall health of this country, insolvent banks need to be nationalized and now!

[havocmom]

18. yep, the uber greedy do not consider the rest of us as human beings

and frankly, I don't think they are the same species as the rest of us. Reasoning with wild, un-socialized animals who have no inhibitions will not do.

edited for typo & clarity

[NJmaverick]

9. For those that want to bash Obama and his people

all critics are "spot on":eyes:

[flyarm]

13. The house is burning , The House is burning..

and there are still most seats in the firehouse empty..

and the firechief is going on the Leno show..and sending his firemen to knock on peoples doors for support..

now that is change .........

:eyes: :eyes: :eyes: :wtf:

Our house is being decimated, along with our money, and it is all being burnt to the ground..

but don't worry the firechief is still having parties and doing the conga line on Wednesday nights..

[NJmaverick]

19. That is a really sad and pathetic analogy

if you hate Obama, just say so and stop trying to invent excuses to justify your irrational position

[flyarm]

20. my job as an American is to question everything..you got a problem with that??

then may i suggest you read the preamble of the Constitution of the United States of America!

After all ..each and every person in the government is my employee!

I pay their salaries.

My husband wore the uniform of this country to Defend and Protect the Constitution..many before me and during my lifetime laid down their lives for the constitution and gave up limbs for that constitution..every man in my family fought to defend this country..so please spare me your opinions of me..

I have every right to say what i think..at least for the time being..I pay a damn lot of taxes for that right..

May I suggest you watch this video?????

http://www.youtube.com/watch?v=XxVByLm7CzE

and I have a lot of questions ...why don't you????????

Tim Geithner worked for 3 years at Kissingers firm..and then the CFR.........

Look into the back ground of Geithners dad , Peter Geithner and his ties to Obama's mom and step dad!!

Google is your friend!!


See Obama sent Kissinger To Russia shortly after becoming president to represent the Obama administration in Russia..
Kissinger who held positions with Nixon, Ford and Reagan !!!!!!!!!!!!

this kissinger:

http://www.youtube.com/watch?v=GThfWVCfjVo&eurl=http ://...

"There is a need for a new world order," Kissinger told PBS interviewer Charlie Rose last year, "I think that at the end of this administration, with all its turmoil, and at the beginning of the next, we might actually witness the creation of a new order – because people looking in the abyss, even in the Islamic world, have to conclude that at some point, ordered expectations must return under a different system."


This is the Kissinger Obama sent to Russia........representing his administration..

http://www.theatlantic.com/issues/82may/hershwh2.htm

Kissinger and Nixon in the White House
by Seymour M. Hersh


http://www.commondreams.org/views02/0611-03.htm


and that is just for starters!!

and from another poster here at du....thank you Jambalaya

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5273635&mesg_id=5277783

Larry Summers and California Energy "crisis" / Enron

During the California energy crisis of 2000, then-Treasury Secretary Larry Summers teamed with Alan Greenspan and Enron executive Kenneth Lay to lecture California Governor Gray Davis on the causes of the crisis, explaining that the problem was excessive government regulation.<8> Under the advice of Kenneth Lay, Summers urged Davis to relax California's environmental standards in order to reassure the markets.

[HiFructosePronSyrup]

23. Don't play the patriotism angle.

That's the last refuge in the scandal.

There's nothing in the Constitution that says you're supposed to come up with really dumb, insipid complaints and call it patriotism.

[NJmaverick]

27. Pretty sure Rush Limbaugh says there is a section that covers that

[NJmaverick]

26. INTELLIGENT and THOUGHTFUL questions are quite good

ridiculous ones, that serve a personal agenda, are not helpful. In fact it could be reasonably characterized as destructive.

[dionysus]

31. chicken little FAIL

pathetic...

[Marie26]

10. Are you sure the replacements would be any better?

Obama is progressive on a lot of issues, but on economic/financial matters, he leans free-market neoliberal. That's who his whole economic team is & probably anyone he'd appoint would reflect that economic philosophy.

[flyarm]

11. they are exactly where this admin wants them!

wake the hell up! Just because some want to bury their heads in sand doesn't mean everyone has!

I am going to keep posting this until people wake up!
Obama knew exactly who he was hiring at treasury!

Tim Geithner worked for 3 years at Kissingers firm..and then the CFR.........

look into the back ground of Geithners dad , Peter Geithner and his ties to Obama's mom and step dad!!

Google is your friend!!


See Obama sent Kissinger To Russia shortly after becoming president to represent the Obama administration in Russia..
Kissinger who held positions with Nixon, Ford and Reagan !!!!!!!!!!!!

this kissinger:

http://www.youtube.com/watch?v=GThfWVCfjVo&eurl=http://...

"There is a need for a new world order," Kissinger told PBS interviewer Charlie Rose last year, "I think that at the end of this administration, with all its turmoil, and at the beginning of the next, we might actually witness the creation of a new order – because people looking in the abyss, even in the Islamic world, have to conclude that at some point, ordered expectations must return under a different system."


This is the Kissinger Obama sent to Russia........representing his administration..

http://www.theatlantic.com/issues/82may/hershwh2.htm

Kissinger and Nixon in the White House
by Seymour M. Hersh


http://www.commondreams.org/views02/0611-03.htm


and that is just for starters!!

[chimpymustgo]

17. Thank you, flyarm. Wake up, People!!!

[mmonk]

24. Great post.

[Deja Q]

32. Oh my

:popcorn:

[flyarm]

12. WSJ: Citi's Chief Economist Leaves for Treasury Post

WSJ: Citi's Chief Economist Leaves for Treasury Post


Source: The Wall Street Journal

Citigroup Inc.'s chief economist is leaving the New York company for a job at the U.S. Treasury Department, according to an internal Citigroup memo.

Lewis Alexander, who has been at Citigroup since 1999 and before that worked at the Federal Reserve, will head to Treasury "to work on domestic financial issues," said the Citigroup memo, which was sent Tuesday.

According to a government official, Mr. Alexander will be a counselor to Treasury Secretary Timothy Geithner. Mr. Alexander and a Treasury spokesman weren't immediately available to comment Tuesday. A Citigroup spokesman declined to elaborate on the company's memo.
(...)
Mr. Alexander's role as Citigroup's chief economist didn't entail significant management responsibilities. But his optimistic economic forecasts colored executives' views that the U.S. was unlikely to face a prolonged slump.

Read more: http://online.wsj.com/article/SB123732747181462245.html


oh i have the warm fuzzies running down my legs now!! woo woo...

[Tigermoose]

14. Some people just want to watch the world burn.

nt

[flyarm]

28. Some people have seen big buildings burn..along with their co-workers and know

what they are seeing again.

Too bad people still want to ignore it.

[Pastiche423]

35. Those that choose to ignore it

apparently know jack shit about our history. They just want to be on the "winning team".

Thanks for your links and research, flyarm!

[DainBramaged]

15. Democrats begin to eat their own, to the cheers of the Reich wing

:eyes:

[eridani]

36. Politicians who whore for corporations are not "our own," regardless of party n/t

[Clear Blue Sky]

21. Agree...

[HiFructosePronSyrup]

22. On what grounds?

This reminds me of the complaints about earmarks.

Oh, they should stop the ear marks. Oh, Geithner should resign.

Nobody ever actually gives a clear answer why.

[goforit]

25. Obama's #s will be in the tank real quick if he keeps operating like GW Bush!

[DainBramaged]

30. DU members begin to pick at Obama's bones

film at eleven

[CreekDog]

33. except that Obama is not acting like GW Bush

huge flaw in your premise. :eyes:

[closeupready]

29. Again, completely 100% agree.

They are bad news.

[lib2DaBone]

34. Geithner and Summers are in OVER THEIR HEAD....

..Get an adult in there and do it quickly....

[Marrah_G]

38. After Dodd saying someone from the Obama admin told him to reword the amendment....

These guys are making Obama look incompetent or like a liar. They need to GO before they do any more damage.