Geithner Says He “Sympathizes” With Wall Street Occupiers, Financial Industry Criticism Of Obama “Inexplicable”…
Expect any less from a guy whose boss rails against “fat cat bankers?”
(OTM) — Treasury Secretary Timothy Geithner said it was “inexplicable” that the financial services industry dislikes President Obama given all the administration had done to salvage the sector following the financial crisis.
Rather, he argued that the industry should look in a mirror when looking for a place to direct their frustration, instead of blaming the White House.
“People resent when they need help. It’s a natural thing,” he said at The Atlantic’s Washington Ideas Festival. “They resent the huge amount of public anger they’ve been subject to.”
He went on to rebut the claim from many on Wall Street that the administration played a leading role in stoking that anger, given comments the president had made in the past about “fat cat bankers.”
“They sometimes claim it was created by us, that anger, which I think is a deeply unfair judgment,” he added.
Rather, he argued the president made “commonsense observations” about the financial system, and the industry responded “as if they’re deep affronts to the dignity of their profession.”
“I don’t understand why they’re so sensitive, but they’re very wounded,” he added.
Asked about the Occupy Wall Street protests that have recently gained a groundswell of support from liberal lawmakers, Geithner said he sympathized with the “general sense among Americans of whether we’ve lost a sense of opportunity.”
“People do wonder whether we have the ability to do things that can help the average sense of opportunity in the country, and I definitely sympathize with that,” he said.
Posted by ZIP on Wednesday, October 5, 2011, at 9:40 pm | 
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Do these same self-righteous “eat the rich” protesters begrudge Johnny Depp making $300 million off of the “Pirates” franchise alone? Or card carrying Democratic Fat Cat Alec Baldwin, who pulls in God knows how much from his movies, TV show, and shilling for Capital One for crisssakes…. Enough Cosmic Dissonance to destroy the entire universe…
Our visions for the future of America are incompatible.
It’s almost official that this is just a campaign operation.
Saul Alinsky’s (Obama’s mentor) method of how to overtake a country. … bottom up, top down, inside out. Are the wall street protestors the beginning of inside out?
Another guy that needs to be talking to a special prosecutor.
@ ThreeHundred
Agreed. It’s us or them. There is no common ground.
@NWMN
almost official?
does geithner think we’re all stupid?
@fubar: Yes.
Didn’t Soros just say the same thing?
sadly, and scarily, Geither is the most pro-growth person in this admin., and really what does that say?
Pure Hipocrisy!!!. barry puts on his best ebonics at a speech railing against “fat cat bankers” then goes off and hosts a fundraiser for $38,500 a plate. Don’t the useful idiots ever check these things out?
Those top banks that were bailed out by the TARP loans, in case everyone forgot, were also involved heavily in the ‘Carbon Trading’ scheme.
Sorry, it wasn’t Soros who agreed with them (out loud), it was Fed Chief Bernake. Ahhhh.
It’s almost like the Federal Reserve has become the Presidency, and the Obama Admin Presidency has become it’s own private PR Campaign…
And PPL might try to blame Bush for Tarp; but the Bush Admin applied exec-pay limits 2 participating firms; Obama officials reversed & lifted curbs before unveiling Mar 3…
Democrats took TARP to a loss…Like everything else.
2012 must come, SOON…
Still laughing tooooo hard to make a comment.
Remember; 99% of the Morons are in New York
What’s really inexplicable is a tax cheat running the Treasury Department.. but of course Hussein picked Geithner for his dishonesty.. so much easier to plunder the Treasury when another criminal runs it.
The demands of the Wall Street Protesters are ridiculous. We laughed at them yesterday. And Geithner and Bernake agree with them? Remember their demands? They take Obama and his ilk into another atmosphere:
Free college education
Guaranteed living wage
$1 trillion for infrastructure
$1 trillion for ecological restoration
Decommissioning of all nuclear power plants
Pass the Buffet Rule on fair taxation so the rich pay their fair share.
Begin a fast track process to bring the fossil fuel economy to an end while at the same time bringing the alternative energy economy up to energy demand.
Racial and gender equal rights amendment.
Open borders migration. anyone can travel anywhere to work and live
Bring American elections up to international standards of a paper ballot
Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the “Books.”
Outlaw all credit reporting agencies
Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union.
And Geithner and Bernake agree with them.
tweedle dee and tweedle dumb battle and the jub jub bird take a crap on them both
Like Winston Churchill said, “Capitalism provides unequal benefits for all. Socialism provides equal poverty for all!”
It’s obvious that these protesters pay no taxes so they have nothing to loose
They are full of crap. He, Soros, Acoron, and all the usual scummy suspects SET THIS UP! They must think we are all delusion moronic crackheads like they are, sheesh!
These two should be behind bars.