geithner gone by june?

Discussion in 'Economy' started by wimpy77, Mar 6, 2009.

  1. wimpy77
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    wimpy77 Member

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    a guy on cnn said that in his opinion geithner will be gone by june. do you agree? he basis is that the markets have no confidence in this ability and the fact that he is having trouble getting his posiitons filled.
     
  2. Annie
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    Annie Diamond Member

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    Sooner.
     
  3. wimpy77
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    wimpy77 Member

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    you could possibly be right.
     
  4. Toro
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    Toro Diamond Member

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    I was skeptical of the pick in the first place.

    However, saying he'll be gone by June is pure speculation.
     
  5. toomuchtime_
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    toomuchtime_ Gold Member

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    He's certainly off to a rocky start, but the stress tests will end in May and then action will have to be taken, probably including going to Congress to ask for more money, and June just doesn't seem like the right time to put some one new in unless Obama wants to delay taking action on a bank rescue plan. On the other hand, politics is a rough game, and Geithner has been Obama's front man on the budget items and the housing plan and the stimulus as well as on the rescue plan for the financial system, so if things go south between Obama and Congress or Obama and the private sector, it wouldn't surprise me if Geithner was the one to take the hit for it.
     
  6. wimpy77
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    wimpy77 Member

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    according to geithner and bernanke the stress tests should be done by end of april
     
  7. toomuchtime_
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    toomuchtime_ Gold Member

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    I thought they had said May, but even so, I don't think Geithner will go before the results of the stress tests are taken to Congress and acted upon unless Obama wants to delay taking action on this because he is pushing some other agenda item at the time.
     
  8. Paulie
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    Paulie Platinum Member

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    wimpy I appreciate your interest in economics, but you really ought to stop listening to shit on TV. You're going to literally hear multiple different takes on any and everything. Some joker will say Geithner's gone by June, another one will say he isn't going anywhere. It's all part of the entertainment, fear, manipulation, etc.

    There's a mark to market hearing next thursday. Let's see how that goes first. If mark to market is suspended, Geithner lives to see another year. It's really as simple as that.

    After that, bring back uptick, and watch the market start behaving semi normally for a change.
     
  9. wimpy77
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    wimpy77 Member

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    i know i should stop watching those shows but its hard not to. i have actually cut way back on cnbc they have turned into the eqivalent of fox news.

    what do you think the odds are of them suspending market to market.
     
  10. elvis
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    elvis BANNED Supporting Member

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    If he is, theyll have to find another cheat to take his place.
     

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