U.S. Treasury Secretary Tim Geithner’s bout with foot-in-mouth disease continues. Now, apparently, he endorsed efforts to undermine the security of the United States by (inadvertedly, or otherwise) supporting the replacement of the U.S. dollar as the worldwide reserve currency with something new. Like so many of Geithner’s grand ideas, this one too manages to leave investors weary.
Posts Tagged ‘geithner’
Arrogance, Incompetence, Greed
New Hampshire Democratic Congressman Paul Hodes attended a hearing Wednesday on the AIG bonus controversy wherein he claimed that for the American people, the acronym utilized by American International Group, AIG, stands for “arrogance, incompetence and greed“. However, such a description is rather more applicable to the current administration in Washington than the corporation said incompetents [...]
Obama administration vetting process requires greater scrutiny.
The image of Barack Obama as a politician above the typical fray of folly forever present in contemporary political life is speedily being replaced with a more accurate picture of a Chicago suit operating under the the same rules as generations of earlier pols hailing from the windy city. Chicago has its well-known moniker not [...]
The Honeymoon is over for President Obama
Around the world, various groups reacted differently to the inauguration of the 44th President of the United States. While well-received in Europe, for the regimes most critical of the Bush administration, promises of hope and change weren’t enough. However, in recent days, the much-warranted celebraton of President Obama’s inauguration has worn off, and the governing has [...]