If Obama intends to protect working Americans, then why

did he appoint Geithner to set up the Consumer Financial Protection Bureau?

Timmy's begun staffing the thing.

The fix is in: Checkmate! Bankers win, working Americans lose.

Holy fuck.

he's a evil mastermind out to destroy america. man has that ever happened to anyone else.

There is nothing pragmatic about having a banker staff an organization that is supposed to protect consumers from bankers.


This is just as bad as when Bush would put a mining executive at the head of an organization that was supposed to regulate safety and regulatory compliance at mining companies. Yeah, we all know how well that has worked out.

that's what he said he'd do?

I sure as hell don't.

Please be specific.

break up the emptiness of the post. Clicking on them doesn't make any sense. I clicked once and it went right back to one of their posts, which was nothing but their opinion. Please don't ask for specifics, it's hard enough as it is.

Thanks.

Your tinfoil hat needs adjusting.

instead of independent, reporting to Congress?

and John Boehner and Joe Lieberman?

It would only be reporting to those three people.

They've shoveled so much money upward that the bottleneck is the limit of their ability to scoop it up quickly enough.

We're seeing the end game.

nt

The answer, of course, is that Obama & the Centrist Democratic Party Leadership couldn't care less about Working Americans.
Nothing done in the first 18 months indicates that they do, beyond lip service trolling for votes, and dangling shiny crumbs like the Public Option to keep the low information voters fooled.

The day is approaching when the Working Class & the Poor, Democrats & Republicans, realize that WE have more in common with each other than we have in common with the Ruling Class in either Party.

It's hopeless.

We're doomed

Fuck it.

Isn't it time to curl up into fetal position and rock?

Your only argument is I hate Geithner, so anyone who hires him on hates the working, class, blah, blah, it's only about people here. Geithner can just carry out policies, please advise which of the President's policies that Geithner carries out prove he hates the working class, blah, blah.

While fighting the regulation of financial predators.

Geithner has consistently worked hard to help banks while harming working Americans.

...but don't let the fact get in the way.

Geithner bailed them out as President of the NY Federal Reserve.

Geithner is a predator to working Americans.

depression, but I guess that would hurt only the bankers and not the working class?

We are all connected to the banks, just wanting them all to fail is no defense of the working class, but rather a hope they suffer more intensely than they would have.

If you and Geithner don't agree about helping save the economy that's fine but let's give examples, and how Obama doesn't control Geithner.

AIG did not need to be bailed out 100% in order to save the banks. It needed to be bailed out 100% in order to save the banker bonuses.

Why do people think that either the bankers were bailed out 100%, or civilization would collapse? As Krugman has stated, we took the most expensive and crappy options to keep the financial system from failing. All of those options, however, favored the bankers against working Americans.

We are all ultimately connected to the operation of the banks. Every homeowner, for example. The irrational hatred of "bankers" does not blind everybody - that includes the working class.

But we spent far more than necessary in order to preserve record-high banker bonuses, which reached 1% of GDP last year - Geithner's 100-cents-on-the-dollar bailout of AIG counterparties is just one example. And, the bailouts included zero changes in regulation, and zero provisions to help non-bank businesses and consumers - which is why we're so achingly fucked now.

You seem to feel that the options were either:

- fully bail out banks including all bonuses with zero new regulations and zero provisions to help working Americans, or
- have the financial system collapse.

Do you not realize that there were plenty of other options that would have kept the financial system afloat?

i know you wouldn't mind a global banking collapse in order to spite the "banksters" but jesus...

where Geithner betrays the intent of the law or the purpose of government regulation in some way. But all there is against him is that he was in favor of stabilizing the financial system, and that he worked in the financial system.

Another point in Geithners favor is that apparently he was singing about the need to reverse deregulation before anyone else in government with similar high level positions.

or insurance company is grounds for personal condemnation. Then of course there is the question of the job of Treasury Secretary going to someone who knows nothing about finance but what they pound out on DU on a keyboard, since those are the only people pure enough not to be tainted with any experience in the field.

I'll just suggest something totally outrageous. Maybe Geithner will set it up according to the parameters his boss and the law has set in place instead of making up rules.

There is far too much this guy or that guy is just BAD and EVIL I just KNOW IT bullshit. Take a vacation from your fears on this one, thats my advice.

who is getting appointed?

Julie

since, of course, he does not.