Will Paul Volcker Replace Geitner

[HappyTexan]

Volker was tough and not liked at the time..but he got us through it back then.
I would like to see him replace tiny Tim.

[summers73]

Originally Posted by Finn_Jarber

He didn't raise the rates to 20%. They were already sky high when he was nominated. He FLOATED the rates.

If you don't like him, it's too bad.

You forgot to say "tough tacos" or "tough ****"

[Kracer]

Doesn't matter who they get as long as he isn't going in the same direction Volker, Greenspan, Geitner et al have taken us. None of the choices mentioned appear suitable. They are all complicit in getting us down the wrong road and compounding the problem while helping their buds in Goldman, etc.

Geitner....PO anounces he doesn't want to steal the thunder from Geitner's announcement to expalin his strategy in detail, Geitner shows up, eventually, and provides no useful information. So much for first impressions.

Geitner has been a publicity disaster in thought word and deed. He has provided not irrevocable proof that he is navigating a reliable economic course. In fact all his moves appear counter intuitive to most economists and more importantly to the people on Maint st who have no clue as to what the heck he is doing. That my friends does not engender support or trust.

Let us not forget the midnight ammendment to tarp that even Chris Dodd, who championed the bill was not aware it had been added. Subsequently Dodd admitted it came from the treasury dept, as in TGeitner. This ammendment was to ensure AIG got their bonuses. This is what the NY Times was famous for exposing and investigating. How has this slipped by the media?????

The idea that Obama, et al and Cuomo jr would go after the guys who received the bonuses is beyong comprehension. That escapes logic in amyone's mind, unless..... conspiracy, conspiracy without relying on a conspiracy theory you are left with the fact these guys are incompetent.

Cuomo jr has ended his career with his dogged pursuit of the guys who RECEIVED the AIG bonuses. Anyone who adviocates that guy for further political office must be a paid consultant.

So none of the aforementioned names would be acceptable to replace Timmy "tax cheat' Guitner who has proclaimed a crusade against tax cheats. Get these guys out of the way!!!!!!!!!!!!!!!!! and take away TG's pardon.

[Bagger]

Originally Posted by Finn_Jarber

Maybe he should. Volcker may be old but he is a bit of a genius when it comes to monetary policy. He was nominated by Carter towards the end of his presidency, and he came up with the solution to kill the inflation. Then he served under Reagan to see his inflation battle come to fruitation.

Obama bank plan shifts power from Geithner

Proposed checks on financial firms show rival Volcker’s growing influence


Obama bank plan shifts power from GeithnerÂ* - Washington Post- msnbc.com

WASHINGTON - For much of last year, Paul Volcker wandered the country arguing for tougher restraints on big banks while the Obama administration pursued a more moderate regulatory agenda driven by Treasury Secretary Timothy F. Geithner.

Thursday morning at the White House, it seemed as if the two men had swapped places. A beaming Volcker stood at Obama's right as the president endorsed his proposal and branded it the "Volcker Rule." Geithner stood farther away, compelled to accommodate a stance he once considered less effective than his own.

He's 82.... I don't know, having him as a sounding board or consultant, ok, but I don't know about being the Sec of Treasury.