Do You Have Confidence in Tim Geithner?
April 3rd, 2009
Do you have confidence in Tim Geithner to solve the many financial problems now confronting the United States? How do you feel about his plans to bailout the banks?
Tim is probably a very nice fellow and I’m sure to have reached the position of Chairman of the New York Federal Reserve Bank before being appointed by President Obama as the US Secretary of the Treasury he must be a smart fellow as well.
Unfortunately, Geithner seems to always have a perplexed, even confused look about him. Like a deer suddenly smack dab in the middle of the headlights of a big old eighteen wheeler. Perhaps he is still is dazed by the financial collapse that started while he was Chairman of the NY Fed. Like Fed Chairman at the time Alan Greenspan, how could he have known that straight up lines on housing price charts represented a housing bubble? Gee, who could have known?
There seems to be no doubt that Geithner is confused as to whose interests he now represents. While at the Fed he must have enjoyed some cozy relationships with Wall Street and the arrogant high profile bankers who served the Wall Street crown so well. He seems not to have yet realized that his role has shifted a bit and now he should be looking after the interests of the American taxpayer.
As Secretary of the Treasury Geithner makes me a bit nervous. But perhaps that’s just me in these volatile times.
What do you think? Does Geithner’s actions so far inspire confidence?
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Posted in Economy