Thursday, March 19, 2009

Geithner's June Departure Prop Bets Hit All Time High of $20

At least Chris Dodd should be thankful as this will deflect the public anger tsunami straight at Washington D.C. I am not so sure taking this particular fall was the right thing to do, especially with all the political credit Obama used up to cover up Tim's lack of TurboTax skills.
"Treasury Secretary Timothy Geithner said Thursday that he takes responsibility for knowing the stimulus legislation had a loophole that would allow bailed-out insurance giant American International Group to keep its bonuses.

In an interview with CNN's Ali Velshi, Geithner said the Treasury Department did talk to Sen. Chris Dodd about a clause he put forth that would have strictly limited executive bonuses.

The Treasury Department was concerned that legislation that would restrict contractual bonuses would not hold up to legal challenges, Geithner said.

"We expressed concern about this specific version. We wanted to make sure it was strong enough to survive legal challenge," Geithner said."

Geithner's intrade page below.

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Anonymous said...

intrade is notoriously illiquid and often manipulated in the current partisan struggle. we've seen it already during Obama/McCain campaign.

Jim T said...

Dear President Obama,

I really do want to believe in you and your administration, but I need to see "Change I Can Believe In!"

1.) Fire Tim Geithner, Larry Summers, Ben Bernanke and that idiot woman in charge of Homeland Security!
2.) Stop all of the bailouts!
3.) And for God sake get more CENTRAL, you have been "So Far Left" it has been making me sick!

That would be a good start! I want you to succeed, so please shape up!

Thank you!