4 ms·

Tim Geithner was Obama’s treasury secretary. Are you curious what he does for a living now? He is President of a payday loan company. Hope you’re proud of yo

Tim Geithner was Obama’s treasury secretary. Are you curious what he does for a living now? He is President of a payday loan company. Hope you’re proud of yourself Tim. https://www.cbsnews.com/news/private-equity-firms-are-the-new-predatory-lenders-report/ https://www.cbsnews.com/news/private-equity-firms-are-the-ne...

Simulacra 8y ago
Thanks Timmy.
ataturk 8y ago
Obama had a chance to reform the banking sector when he came into office amidst a financial meltdown caused by the greed heads. He didn't do it. He doubled down, backed the corrupt, and prospered at our expense. Why everyone thinks Obama was such a great guy, I have no idea. At best, he's a total psychopath. Had the "too big to fail" actually been allowed to fail, we would be living in a freer, less debt-ridden, more honest America today. Instead, we're further down the road that leads to total collapse.
jak92 8y ago
*Turbotax Timmy
whatok 8y ago
I'm not a fan of Tim Geithner at all but he's a President of Warburg Pincus which owns a payday loan company. Big distinction. Jobs like his have no involvement in the day to day operations of portfolio companies.
maxxxxx 8y ago
That guy also played a terrible role during the bailouts of 2008. We would have been much better off with a treasury secretary with some backbone instead of a pushover like Geithner whose only concern was to keep Wall Street happy.
- gowld 8y ago
  What was wrong with Geithner's response in 2008? wikipedia.org/wiki/Timothy_Geithner tells a pretty positive story, with a mixed bag of wins and failures.
  - maxxxxx 8y ago
    They bailed out AIG creditors fully, a lot of bank execs got to keep big bonuses for blowing up the financial system. Almost nobody got prosecuted. They went way too easy on the banks. The bailouts should have been a payday loan with punishing interest rates. Instead the bailouts showed that all the talk about creative destruction and free markets where the strong survive applies only to the little guy who loses his job or home . As soon as the big guys feel the pain the rules get changed quickly.

Simulacra 8y ago

Thanks Timmy.

ataturk 8y ago

Obama had a chance to reform the banking sector when he came into office amidst a financial meltdown caused by the greed heads. He didn't do it. He doubled down, backed the corrupt, and prospered at our expense. Why everyone thinks Obama was such a great guy, I have no idea. At best, he's a total psychopath. Had the "too big to fail" actually been allowed to fail, we would be living in a freer, less debt-ridden, more honest America today. Instead, we're further down the road that leads to total collapse.

jak92 8y ago

*Turbotax Timmy

whatok 8y ago

I'm not a fan of Tim Geithner at all but he's a President of Warburg Pincus which owns a payday loan company. Big distinction. Jobs like his have no involvement in the day to day operations of portfolio companies.

maxxxxx 8y ago

That guy also played a terrible role during the bailouts of 2008. We would have been much better off with a treasury secretary with some backbone instead of a pushover like Geithner whose only concern was to keep Wall Street happy.

gowld 8y ago
What was wrong with Geithner's response in 2008? wikipedia.org/wiki/Timothy_Geithner tells a pretty positive story, with a mixed bag of wins and failures.
- maxxxxx 8y ago
  They bailed out AIG creditors fully, a lot of bank execs got to keep big bonuses for blowing up the financial system. Almost nobody got prosecuted. They went way too easy on the banks. The bailouts should have been a payday loan with punishing interest rates. Instead the bailouts showed that all the talk about creative destruction and free markets where the strong survive applies only to the little guy who loses his job or home . As soon as the big guys feel the pain the rules get changed quickly.