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Showing posts with the label Paul Volker

Mr. Geithner.....Please Sit Down and Shut Up

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After arguably the strongest move on Wall Street, where it even brought positive reaction out of the most critical progressives on whether he has been truly standing up to them, President Obama's press conference on the big banks didn't warm the hearts of everyone on his economic team. In fact, it even led to some grumbling being heard loud and clear. And that grumbling came from a guy who really shouldn't even be opening his mouth unless it is exhaling carbon dioxide. Oh Timothy and your unnecessary time for being a troll for AIG again: Geithner has reservations on US bank limits-sources Sigh : President Barack Obama's newest Wall Street crackdown was met with hesitation from Treasury Secretary Timothy Geithner, who is concerned that politics could be sacrificing good economic policy, according to financial industry sources. Geithner is concerned that the proposed limits on big banks' trading and size could impact U.S. firms' global competitiveness...