Mar 12 2010

Tsk, tsk, sigh. Timmy, Timmy, Timmy.

Timmy “sizzle chest” G, also known as “Timmy the Moocher,” “Two-timing Tim,” “Hey, you little bastard, where’s my wallet,” “Timmy the Stress Test,” “Timothy the Treasury Mouse,” “Hey, who stole my cheese?” “Geithner the Purse Lightener,” “‘T’ that rhymes with ‘P’ that stands for ‘pool,'” “Gangsta Rap,” “Who stole the cheese?  I wanna know who cut the cheese!” “The Invisible Regulator,” “G is for Growth,” “Fake it ’til you Make it,” “Tricky Tim,” “Humbug Jive,” “Shell Game,” “Dirty Trick,” “Swindler’s List,” “The Fiddling Fed,” “The Treasurer’s Measurer,” “Bill O’Goods,” “The Two-Fer Spoofer,” “Run Around Tim,” “Too Money,” “Fictional Assets,” “Mark T. Fantasy,” “Timmy Too Bigs,” “Turbo Tim,” “Timmy the Greek,” “Fail-safe,” “Don’t Stop Me Now,” “Chopper Pilot,” “Flim-Flam,” “Shock Doc,” and “Jelly, You Broke My Heart, Geithner…”  Smack!  Smack!  You wanna fresh one?  –  was apparently over-seeing financial fraud at Lehman before they went kaput.

Tangled webs make us sad and frustrated.  And vengeful.

Update

Oh, fun.  A plug for Yves:

Update 2: Hell, just go read bobswern for content:

http://www.dailykos.com/story/…

9 comments

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  1. We all know which way the wind blows, and this shit is just getting tiresome.  It’s beyond exhaustion, and extends well into babbling, mine being case in point.

    Hell-bent humans are like prion disease.

    I’ll admit that I found this somewhat humbling, even though the lessons didn’t stick.

  2. Found!

    https://www.docudharma.com/diar…

  3. …same time period when L Paul Bremer was also there. In fact Geithner’s job at K & A was his first after completing his academic career.

    It is a reasonable question as to whether Geithner has been a long term mole for shadowy forces within the US.

  4. heh.

    Here’s the kicker:

    So get this: the stress tests were a sham. Only one outcome was permissible: that Lehman pass. So after the Fed was unable to come up with an objective-looking stress test that Lehman could satisfy, they permitted Lehman to devise a test with low enough standards to give itself a clean bill of health.

    So why should we trust ANY government designed stress test, particularly when the same permissive grader, Timothy Geithner, was the moving force behind the ones dreamed up last year, which have been widely decried by banking experts, including Bill Black, Chris Whalen, and Josh Rosner? We linked to a simple analysis by Mike Konczal that demonstrates that for the biggest four banks alone, merely on their second mortgage portfolios, the stress tests of 2009 were too permissive to the tune of at least $150 billion.

    Lehman type accounting, in other words, is being institutionalized, with the active support from senior government officials.

    Geithner the Purse Lightener indeed.

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