Timmy Geithner – Super Genius
This is the guy who is going to rescue the US economy?
As if the dollar didn’t have enough problems, Timothy Geithner took China’s bait yesterday and said he was “quite open” to its suggestion this week to displace the greenback with an “international reserve currency.” The dollar promptly fell and stocks followed, before the Treasury Secretary re-emerged to say “the dollar remains the world’s dominant reserve currency. I think that’s likely to continue for a long time.”
Apparently, neither Timmy or Barry have a clue about how important their words are.
By Straight8, March 26, 2009 @ 5:20 am
Another serious example of AITP. (Administration in training pants).
By Mockingbird, March 26, 2009 @ 10:10 am
We are neck deep in alligators with these guys in power.
By martian, March 26, 2009 @ 12:56 pm
Apparently, neither Timmy or Barry have a clue – period.