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Posts Tagged ‘Tim Geithner’

Warren Buffett speaking to a group of students...

Warren Buffett showed his bankster and Wall Street insider sympathies on the September 30, 2011 episode of Charlie Rose.

At 26:54, he said:

The decision to make Tim Geithner the Secretary of Treasury was a terrific decision.

Yes, that’s correct. He’s talking about Tim Geithner, the guy became U.S. Treasury Secretary despite not even being able to figure out TurboTax, the guy who made Chinese students laugh when he tried talking up the dollar, the guy who issued a debt limit threat, and the guy who claimed the U.S. would never lose its triple-A credit rating a year before it did just that.

Seriously, Warren? Are you telling me that kind of track record got your company to where it is today? Oh that’s right — you turned your back on the principles that made your company great, as I outlined in this article.

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Official portrait of United States Secretary o...

Treasury Secretary Tim Geithner, aka Tiny Tim TurboTax Made Me Do it, threatened the American people on the April 17, 2011 episode of Meet the Press.

The office of Treasury Secretary is no stranger to threats. Geithner’s precedessor, Hank Paulson, threatened some members of Congress with martial law in America, as Congressman Brad Sherman told fellow Representatives from the floor of the House.

Geithner said (emphasis mine):

Let me tell you how we’re going to do this. Congress is going to have to raise the debt limit. They understand that. That’s absolutely essential to preserve the creditworthiness of the United States of America. You know, we’re a country that meets its obligations, and we have to meet our obligations, and they recognize that. I heard–in fact, I heard the leadership tell the president that again on Wednesday.

A country that meets its obligations, except for when it didn’t, like ending the domestic gold standard in 1933, and the gold exchange standard in 1971.

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