Comments on: Why Geithner’s outburst bodes ill for regulatory reform

By: Philip Coggan

Philip Coggan — Wed, 05 Aug 2009 12:25:20 +0000

Whatever the respondent “Eric” thinks, Geithner has never worked at Goldman Sachs.

By: Benedict@Large

Benedict@Large — Wed, 05 Aug 2009 06:01:58 +0000

I once had a boss who threw a hissy at me and a few fellow workers because the rest of our team was late for a meeting. When I later asked him in private why he had cussed out the people who had arrived on time, he said it was because he knew we would tell the others. He also said HE HAD BEEN TAUGHT the trick in a management class.

Perhaps Geithner attended the same class?

By: sharon marrs

sharon marrs — Wed, 05 Aug 2009 00:39:40 +0000

Regarding number of proposed regulators: Divide and conquer remains a valid tactic used in war – financial and otherwise.

By: Gaute Solheim

Gaute Solheim — Tue, 04 Aug 2009 22:21:11 +0000

\The risk, of course, is that if regulators aren’t allowed to oppose Geithner’s plan in public, then they might just quietly start siding, emotionally, with the financial-services industry\

This is, of course, a speculation without any foundation in science or facts. The risk could, of course, be that all the regulators committed suicide or descided to have apple pie for dessert, or anything you feel like adding after \of course\. Not one of your best.

By: Eric

Eric — Tue, 04 Aug 2009 21:42:47 +0000

Geithner is a little Goldman Sachs punk who is out of his league.

By: Hal

Hal — Tue, 04 Aug 2009 20:39:01 +0000

Felix, I think you may be right and I hadn’t thought of the possibility that he wanted it leaked. He has butted heads with these people before.

I do find this disturbing because I think it’s continued evidence of the bullying tactics this administration is willing to employ. Other evidence of that to me is the President’s interaction over the college professor and police officer incident. I am wonder about more of his appointees to Czar positions as well and their previous ties to community organizations who employed the bullying tactic. We shall see. But it’s becoming more and more clear to me that this administration is trying to force its desires upon every aspect of the nation, whether the citizens want it or not. Don’t get me wrong. I’m just as fed up with the Republican side of the isle who continue to shirk their duty to the people.

By: PM

PM — Tue, 04 Aug 2009 17:42:09 +0000

As many issues as I may have with the course that Treasury is pursuing, I still prefer Geithner over Sheila Bair (still trying to set policy while claiming that the FDIC has funds to backstop depositors) or the SEC (who is clearly on the leash of Wall Street already)

By: Mark

Mark — Tue, 04 Aug 2009 17:30:49 +0000

Don’t forget lark that the regulatory agencies are as much to blame for this mess as anyone. Where were they when the storm was gathering?

By: Judy

Judy — Tue, 04 Aug 2009 15:58:44 +0000

Actually the problem is that from the beginning the administration should have had Mr. Geithner beign the face of the regulatory overhaul. He should have made the announcement and everything.

I can see where the outburst would pose a threat to passing regulation, but I do not think it will. I do not like the outburst but understand why it occured and will forgive him for it.

He has been dealing quietly with the criticisms for a while and wants to get something done because this was his main priority while being Treasury Secretary.

By: lark

lark — Tue, 04 Aug 2009 15:36:03 +0000

Sadly, it seems typical of this administration that the anger goes to regulatory agencies rather than the financial industry.