NEVER SAY NEVER: TIMOTHY GEITHNER IS FINISHED AS TREASURY SECRETARY
Started Feb 08 at 12:46PM (EST) (By DEVILANGEL)
I don't know what medicine the takes but his latest action shows two things about him, either he is the smartest alpha male on earth, or he is crazy and gambles with public money, I would say he gambles with America's economic future. This is what happened yesterday: http://www.bloomberg.com/apps/news?pid=20601068&sid=aDYv97KxyEtU
And this is what he said: “That will never happen to this country.” regarding Moody's warning that US can lose Aaa credit rating.
I mean how can you say it, considering Moody's is not a government entity and is one of the best rating agencies in the world (with few mistakes only in 2007-2008) and all the biggest institutional investors trust Moody's ratings more than they would trust Bernanke, Geithner, Trichet, King combined.
Geithner is not a hedge fund or WS analyst who can say all the day long what will happen and what will not happen, that's why I think he is crazy and needs to rest.
What he said yesterday, already was read by the market just the opposite and this biggest traders he addressed it to, will now do all they can to profit from it and in the end US ratings will be cut.
The money on the table is much stronger than all the words Geithner will ever say, he just invited sellers to dump all what's US. Look at his profile in the Bloomberg picture, he really looks strange.
And this is what he said: “That will never happen to this country.” regarding Moody's warning that US can lose Aaa credit rating.
I mean how can you say it, considering Moody's is not a government entity and is one of the best rating agencies in the world (with few mistakes only in 2007-2008) and all the biggest institutional investors trust Moody's ratings more than they would trust Bernanke, Geithner, Trichet, King combined.
Geithner is not a hedge fund or WS analyst who can say all the day long what will happen and what will not happen, that's why I think he is crazy and needs to rest.
What he said yesterday, already was read by the market just the opposite and this biggest traders he addressed it to, will now do all they can to profit from it and in the end US ratings will be cut.
The money on the table is much stronger than all the words Geithner will ever say, he just invited sellers to dump all what's US. Look at his profile in the Bloomberg picture, he really looks strange.
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6 Comments
Top 76%
tradingworld
Feb 08 at 2:33PM (EST)
Hello IT IS NOT GEITHNER but the entire US economy which is a card game. It is to fall badly because we have nothing real all fake workers. No real labor, No real factories or production. Mostly talk and living on dreams and rental money. When majority wants to live on the rest we all fall. USA has no future but so is the economies of the most world.
New
DEVILANGEL
Feb 08 at 3:13PM (EST)
What do you mean it's not Geithner? Policymaker statements always had very big burden on the market, when Bernanke, Geithner, Trichet speak there are thousands analysts and trading desks who listen to every word and react with their orders either to buy or sell.
Geithner's job is not to speak about credit rating of US, his job is to make all possible that this won't be cut to junk but because he can't handle this job, that's why he choses to speak about it. This is exactly why today markets in US are down, because he opened his mouth to the wrong crowd, WS is not a place to make such statements and Bernanke or Greenspan before never spoke about it openly.
I would not be surprized if he said it in purpose, who knows what are his private sector plans after he will be kicked off, maybe some WS bank is short bonds or stocks and promised Timothy a good job. Or he is very stupid, which is even worse.
New
DEVILANGEL
Feb 08 at 9:33PM (EST)
He is a whistleblower, AIG crony and a clown of WS. He is not in the right seat, not at the right time. Maybe during bull market he could be the smartest boy on the planet, but hard times need different kind of leaders (Paul Volcker) and Timothy is not a leader as his name is not trusted, his statements are lies, he is corrupted.
I have said it in my last post on him, IT WILL NOT END GOOD with him at the Treasury.