FLASH: Geithner ADMITS To Exception Demand [Ticker]

Here's the sequence of events that I know about:

1. Geithner asks Dodd for the bonus exception in legislation that no one had the time or inclination to read.
2. Dodd complies.
3. The Obama team finds out about the AIG bonuses last week and decides to use the issue to lead a populist outrage charge (because the populism was getting away from them and looked like it might turn against THEM).
4. Dodd is outed for inserting the bonus exception amendment.
5. Dodd says 'Obama administration officials' made me do it.
6. Geithner fesses up.

What a clown car these guys are.

"The World has been cancelled. It doesn't even look like the world. There is one island that is maintained and is said to be owned by the Sheikh and the rest looks like a pile of muck."

User Info	FLASH: Geithner ADMITS To Exception Demand in forum [Ticker]
Genesis Posts: 85634 Incept: 2007-06-26 Chief Bottle Washer	http://market-ticker.org/archives/883-FL.... ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified: 2009-03-19 16:02:58 by genesis 2009-03-19 15:43:03 Permalink
Infidel Posts: 3405 Incept: 2007-08-27 orlando, fl	keep talking timmy. ---------- If you think it's exciting to watch 1000 fat traders heading for the exit door at one time it should be a real hoot to watch the collapse at the speed of light. It should be akin to watching a particle accelerator funnel 10 pounds sub atomic **** into a 5 pound collector. Forget black swans, think black holes. me 2009-03-19 15:44:32 Permalink
Amgrace Posts: 1570 Incept: 2008-02-15 New Castle, PA 16101	Jesus ---------- American politics as a system has ceased to function, because the system has gone from representing people to representing money. And that is something that can only go well as long as the people have at least some of that money. - Automatic Earth 3/17/2010 2009-03-19 15:44:50 Permalink
Randy123 Posts: 2865 Incept: 2008-09-24 New Jersey	Peace Timmy. ---------- Mliu is my hero. Captain melamine...ZIRP Forever. 2009-03-19 15:46:29 Permalink
3600 Posts: 1342 Incept: 2007-12-01 Michigan	The market rallied when Geithner was appointed would it also rally if he resigned? ---------- you're good at stealing and you're good at lying now lets see how good you're at flying... jump you ***ers....Gene Burnett 2009-03-19 15:47:45 Permalink*
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Macneib Posts: 3189 Incept: 2008-01-19 ROK, but I'd rather be back on Boracay,	Geithner: Resign now before people start killing one another. 2009-03-19 15:48:57 Permalink
Vegasradar Posts: 4870 Incept: 2007-07-10 Wemmick Village	I don't buy it. Timmy is taking the fall for Dodd as Timmy can't get voted out by J6pk ---------- Remember, all Bennie has is dollars. He destroys the currency, he destroys himself. �Karl Filling in the Pieces- an economic overview: http://storage.denninger.net/ppt/teapart.... 2009-03-19 15:50:18 Permalink
Goforbroke Posts: 1695 Incept: 2007-11-30 Just call me 'Comrade'	And instead of Woodward & Bernstein we've got Liesman & Gasperino. ---------- It's a big club and you ain't in it. - George Carlin 2009-03-19 15:50:44 Permalink
Widgeon Posts: 8893 Incept: 2007-08-30 OK Online	Bull** ... that is, Timmy acting on his own is Bull*. 2009-03-19 15:53:14 Permalink*
Waas Posts: 798 Incept: 2007-09-05	The looting continues....... 2009-03-19 15:56:49 Permalink
Matt Posts: 3820 Incept: 2007-06-26 Bothell, WA	... ---------- "Market players should be buying things even though they are overvalued, Cramer advised. Although this may seem irresponsible, traditional market thinking is not going to get people anywhere right now." 2009-03-19 15:57:44 Permalink
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Fidgit Posts: 16081 Incept: 2008-02-18 Tax Unit #1,384,923,781	matt ---------- I say it's spinach, and I say the hell with it. 2009-03-19 16:01:22 Permalink
Mdrive Posts: 914 Incept: 2007-11-26	how do we know he didn't tell his boss? 2009-03-19 16:03:26 Permalink
Widgeon Posts: 8893 Incept: 2007-08-30 OK Online	Dodd is a complete ASS ... but it took some stones for him throw that grenade. Clearly shows that he has NO RESPECT for "O" and his regime. Obviously, Turbo Tim must've really ***ed Dodd off somewhere along the way. LMAO. 2009-03-19 16:03:56 Permalink*
Blackswan Posts: 4023 Incept: 2007-11-06 Team HFT	Oops. If it is true. ---------- Trade the flash you get not the tape you want. 2009-03-19 16:06:39 Permalink
Widgeon Posts: 8893 Incept: 2007-08-30 OK Online	There's NO WAY they ALL didn't know that bonus' were enabled ... 2009-03-19 16:08:54 Permalink
Mdrive Posts: 914 Incept: 2007-11-26	he certainly is making obama look like a complete fool with his alexander hamilton comparison the other day, timmay by his side 2009-03-19 16:09:12 Permalink
Cjworkman Posts: 6396 Incept: 2007-08-22	I think little TT started to think he was at the top of the system because he was working for the bankers... I'm not a big Obama fan at this point.. but I hope he puts TT in his place if he doesn't do it himself. ---------- Ben is going to create an equity bubble from excess liquidity that tops at 1200... and bottoms at 300. A bubble inside of bearish economic conditions, so that it never reaches new market highs and crashes far below the lows. - me 2009-03-19 16:09:55 Permalink
Mo Posts: 6459 Incept: 2007-06-26 Florida Online	Here's the sequence of events that I know about: 1. Geithner asks Dodd for the bonus exception in legislation that no one had the time or inclination to read. 2. Dodd complies. 3. The Obama team finds out about the AIG bonuses last week and decides to use the issue to lead a populist outrage charge (because the populism was getting away from them and looked like it might turn against THEM). 4. Dodd is outed for inserting the bonus exception amendment. 5. Dodd says 'Obama administration officials' made me do it. 6. Geithner fesses up. What a clown car these guys are. ---------- "The World has been cancelled. It doesn't even look like the world. There is one island that is maintained and is said to be owned by the Sheikh and the rest looks like a pile of muck." Last modified: 2009-03-19 16:12:32 by mo 2009-03-19 16:10:58 Permalink
Dashingdwl Posts: 4997 Incept: 2007-06-26 los angeles	I would bet he told the President every last detail. He wouldn't dare leave him out of something like that. ---------- Think Green Tip. "Thanks to the action we have taken a 2nd Great Depression is no longer a possibility..." President Obama 2009-03-19 16:13:31 Permalink
Antone Posts: 4589 Incept: 2008-02-03 Death and Destruction to all, and to all, a good night.	Like I said yesterday, we have GOT to be the laughing stock of the entire world right now. Jesus, how sad. ---------- Wir sind gefickt. I do not provide investing advice. 2009-03-19 16:15:22 Permalink
Empyre Posts: 245 Incept: 2008-12-31 Selah Wa	This misdirection is still a headline? Seriously we're all up in arms over 1.1% of the total money given to this treasonous rat-hole? Let not bother to get incensed about the fact that US TAX DOLLARS have been funneled to FOREIGN banks here. Nope much more important to create tax law on the fly, as a punishment for something that everyone knew about, but has sudenly become unpopular. I just don't get it folks, you are so obviously being directed to things of little importance while the country stnads there waitign for its coming immolation... 2009-03-19 16:17:07 Permalink
Mdrive Posts: 914 Incept: 2007-11-26	weasel! now it's being stated from the transcript, he just realized the 'full scope' of bonus loophole he asked for jesus....i guess once you allow for the tax cheat to get a 'pass' he's convinced he can lie with impunity 2009-03-19 16:19:49 Permalink
Fidgit Posts: 16081 Incept: 2008-02-18 Tax Unit #1,384,923,781	I love all these liars trying to cover up for other liars ---------- I say it's spinach, and I say the hell with it. 2009-03-19 16:20:49 Permalink
Dashingdwl Posts: 4997 Incept: 2007-06-26 los angeles	Inconceivable! ---------- Think Green Tip. "Thanks to the action we have taken a 2nd Great Depression is no longer a possibility..." President Obama 2009-03-19 16:21:16 Permalink