Book: Geithner Ignored Obama Order To Consider Dissolving Citigroup During Financial Crisis…
(The Hill) — A new book by Pulitzer-Prize winning author Ron Suskind reveals that Treasury Secretary Tim Geithner ignored a direct order from President Obama for the reconstruction of major banks during the financial crisis.
The reports call calling into question the president’s leadership and financial savvy at a time where the president is most vulnerable on those topics, with poll numbers on his handling of the economy hitting record lows.
According to reports Friday, Geithner ignored a March 2009 order that asked the Treasury Department to consider dissolving Citigroup, one of the nation’s largest financial services companies. Citigroup was among the worst hit by the financial crisis in 2008, and needed billions in bailout money to stay afloat.
Many have criticized the Obama administration — and Geithner, the former president of the New York Federal Reserve, specifically — of being too focused on helping the banking industry after the recession. Critics on both the left and right argued that the government should not have bailed out banks that submarined the economy after issuing bad mortgages.
According to the Associated Press, Obama acknowledged the Citigroup incident in an interview with Suskind. Obama tried to downplay his reaction upon discovering that Geithner had ignored his request, saying, “Agitated may be too strong a word.”
Posted by ZIP on Friday, September 16, 2011, at 9:00 pm | 
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Newsflash. Obama is not as smart as he thinks he is.
First step to throw Timmy under the bus. (about time O’bliviuos!)
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And yet, Barney Frank still shows up in Congress every day, looking at the ceiling, whistling to himself and trying to look nonchalant…
Read about this at the Hill too earlier…like JP said, ‘Under the Bus’ time for Timmy-Turbo-Tax-Cheat.
‘Agitated may be too strong a word’.. well.. is schizoid better?
BS. Ain’t buying it. BS Meter is pegging in the red.
http://www.market-ticker.org/akcs-www?blog=Market-Ticker&page=2
From Karl Deninger on his blog Market Ticker:
But directly-insubordinate behavior is an entirely different thing. No chief executive ever tolerates that from anyone. Ever. It is cause for immediate dismissal each and every time, and that’s exactly what happens if a subordinate puts such an opinion into practice. It must, because without that sanction the chain of command immediately and irrevocably collapses.
Lets disolve the EPA,DEPT of HOMELAND SECURATY,FTC, and get ourselves out of the UN
Oblunder got this one right. Citi has been mismanaged and running on fumes for over a decade. It’s taken massive cash infusions from Saudi and the Gulf States to keep it afloat.
Where in the Constitution does any branch of the oppressive Federal Government have the right to dissolve a private corporation or for that matter bail one out? Never mind that little worm Geithner; he actually did the right thing (for the first and only time) in ignoring Dear Leader Obuttma’s dictatorial decree to dissolve Citibank. The real issue is that Obuttma thinks that he has the power of a king or dictator.
Somehow the office of President has become way too powerful, far beyond the limits of the Constitution. After this communist islamic savage is booted out or carried out of office, we must find a way to rein back in the powers of the President and the various agencies of the executive branch of government in a way that will ensure a wanna be dictator like Sultan Barack Hussein bin Obuttma can never again come so close to imposing totalitarian rule over this Republic. Ditto for reforming the Judicial Branch. Hopefully this harsh lesson in communist rule will be forever remembered and will not be allowed to happen again in this great country.
On another capitalist note:
Boycott Smelly Shelly’s Red Lobster, the Wookie Olive Garden, and the Big Booty Bahama Breeze. We must start to make the corporations who cooperate with this communist regime in exchange for favors, pay for their sins at the cash register.
When is obama and his whole cabinet, czars and any others in leadership positions going to jail? Please Lord, make it soon, preferably before the election but that means a miracle and those are rare these days.
There’s no way this thug crew would let anyone get over on Ogabe. Timmy has been saying that he has wanted to leave for a while, but they won’t let him. Seems Barry’s old childhood friend is being set up to be the financial fall guy.
When are any of these ripoff artists going to end up in jail? Just one. None of these clowns or their banking accomplices will get prosecuted but they’ll go after little lemonade stand girls. Sickening.
http://usawatchdog.com/where-are-the-criminal-indictments-of-big-bankers/