Tuesday, August 04, 2009

Geithner Attempts to Bully Regulators

It's hard to believe that anyone could be intimidated by this punk and let's hope that federal financial regulators weren't. But Tiny Tim Geithner gave it his best shot yesterday as he tried to bully regulators into going along with the Obama Administration's Hugo Chavez-like plan to let Tiny Tim shut down, take over and break up big businesses and banks on a whim:

NEW YORK, Aug 3 (Reuters) - U.S. Treasury Secretary Timothy Geithner issued a stern warning punctuated with expletives to U.S. regulators to end turf battles and show support for President Barack Obama's plan to overhaul financial regulation, a person familiar with the situation said on Monday.

At a tense, hour-long meeting on Friday, Geithner told Federal Reserve Chairman Ben Bernanke, Securities and Exchange Commission Chairman Mary Schapiro and Federal Deposit Insurance Corp Chairman Sheila Bair to end recent public criticism of the plan and stop airing concerns over their potential loss of authority.

The Wall Street Journal, which first reported the meeting, said that Geithner vented frustration over the plan's slow progress and told regulators that 'enough is enough'.

Citing people familiar with the meeting, the newspaper also said that the Treasury Secretary used obscenities and took an aggressive stance in his dressing down of the regulators.


Yes Timmy wants them to "end recent public recent public criticism of the plan and stop airing concerns over their potential loss of authority" -- authority The Messiah wants to give to this petulant brat. I agree with Geithner -- enough is enough. We need to get this power-hungry tax-cheating punk out of power.

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