So, Mr. Geithner is now confirmed as the Secretary of the Treasury. I have to ask myself, why? If there is anyone with a rational explanation I would sure like to hear it. I don't want to hear the old line "You don't see, or understand the big picture". To me Mr. Geithner' attested too financial wizardry, and brilliance are supplanted by his actions. Call me silly, but I am not impressed.
As President of the New York Federal Reserve Bank, Mr. Geithner preached that large financial firms like Citicorp should be held to the highest standards in their financial dealings. Apparently his words were only empty rhetoric. Under Mr. Geithner's tutelage the New York Fed, eased the reins on Citigroup that subsequently blew billions of dollars on sub-prime mortgages, and other risky financial deals. I fail to see how this is sound financial judgement.
Then there are the tax evasion issues. If I failed to pay $34,000 ($48,268 with interest and penalties) in taxes owed the IRS, I would probably lose my house, or worse go to jail. Yet one of my Senators, Dick "Turban" Durbin had the unmitigated gall to, quote; "Mr. Geithner apologized for his tax errors. He has submitted the payments owed, I believe that his mistakes were unintentional errors and one of many factors to be considered in judging the totality of Mr. Geithner's nomination." Senator Durbin further stated;"I believe that Mr. Geithner will provide the strong leadership the Treasury Department needs to tackle the current financial crisis and put our economy back on the road to recovery." Now ain't that special. If Mr. Geithner is as brilliant as he is professed to be, he should be sharp enough to recognize the fact that he owes back taxes (from 2001-2004) . If he didn't remember, I am quite sure that the IRS would occasionally send him friendly reminders. He has a problem using Turbo Tax, and he is the Secretary of the Treasury-----------give me a break.
In my humble opinion this man has a propensity for dishonesty, and cheating. Unfortunately the deed has been done, he is confirmed as Secretary of the Treasury. The facts are, we have someone at the reins of the Treasury with questionable integrity and ethics. Thanks a lot Mr. B.O. and Congress.
I have not been able to find a definitive dollar amount that Mr. Geithner may have received as a result of this total financial collapse. However, we the people would probably agree that untold billions of taxpayers dollars are going into the pockets of these miscreants in what we call "Government", Billions are going out of the country, AIG alone has sent $62B (at last count) to foreign banks.
Unfortunately, if we conservatives and patriots don't take our country back, sadly we will become just another second rate country in the world. Pray for us and our country my brothers. MAY GOD BLESS AMERICA!
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