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	<title>Comments on: Washington Post Raises Doubts About Geithner Management Style, Status of PPIP</title>
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	<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html</link>
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		<title>By: Yves Smith</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47545</link>
		<dc:creator>Yves Smith</dc:creator>
		<pubDate>Wed, 20 May 2009 03:47:12 +0000</pubDate>
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		<description>VG,&lt;br /&gt;&lt;br /&gt;*Sigh* Thanks. Yet another typo.</description>
		<content:encoded><![CDATA[<p>VG,</p>
<p>*Sigh* Thanks. Yet another typo.</p>
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		<title>By: VG Chicago</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47544</link>
		<dc:creator>VG Chicago</dc:creator>
		<pubDate>Wed, 20 May 2009 03:37:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about-geithner-management-style-status-of-ppip/#comment-47544</guid>
		<description>&gt;&gt; For those of you who know the Myser-Briggs personality diagnostic &lt;&lt;&lt;br /&gt;&lt;br /&gt;It&#039;s actually called &quot;Myers-Briggs&quot; -- a nice little psychological instrument.&lt;br /&gt;&lt;br /&gt;Vinny GOLDberg</description>
		<content:encoded><![CDATA[<p>&gt;&gt; For those of you who know the Myser-Briggs personality diagnostic &lt;&lt;</p>
<p>It&#39;s actually called &quot;Myers-Briggs&quot; &#8212; a nice little psychological instrument.</p>
<p>Vinny GOLDberg</p>
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		<title>By: msgtb</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47533</link>
		<dc:creator>msgtb</dc:creator>
		<pubDate>Tue, 19 May 2009 19:56:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about-geithner-management-style-status-of-ppip/#comment-47533</guid>
		<description>The congress should get a choke chain and put it around Ben Bernake neck before he looses our AAA rating and drives the dollar into the ground. &lt;br /&gt;&lt;br /&gt;Not to mention spending money that has not been approved by the taxpayers through their legal representatives, the congressmen and senators which we elected to represent us.&lt;br /&gt;&lt;br /&gt;It is clear that helicopter Ben Bernake is planning on paying back the taxpayer money which he stole at a discount by running the inflation up to the sky. The will do a double kill to the middle class which lost due to the financial chaos that the Federal Reserve caused by its poor money management policies. Then he wants double or triple the inflation rate. So he can pay the money back at huge discount which makes everyone retirement only worth half or one third due to the inflation rates which we will be seeing in the next few years.&lt;br /&gt;&lt;br /&gt;This is a sad day for Americans, we need to take our country back. It is time for a Boston Tea Party II in 2009.&lt;br /&gt;&lt;br /&gt;Please let all banks pay back the TARP money with the stipulation that forever and evermore they will not be given and taxpayers money or use of taxpayers to back there debt.</description>
		<content:encoded><![CDATA[<p>The congress should get a choke chain and put it around Ben Bernake neck before he looses our AAA rating and drives the dollar into the ground. </p>
<p>Not to mention spending money that has not been approved by the taxpayers through their legal representatives, the congressmen and senators which we elected to represent us.</p>
<p>It is clear that helicopter Ben Bernake is planning on paying back the taxpayer money which he stole at a discount by running the inflation up to the sky. The will do a double kill to the middle class which lost due to the financial chaos that the Federal Reserve caused by its poor money management policies. Then he wants double or triple the inflation rate. So he can pay the money back at huge discount which makes everyone retirement only worth half or one third due to the inflation rates which we will be seeing in the next few years.</p>
<p>This is a sad day for Americans, we need to take our country back. It is time for a Boston Tea Party II in 2009.</p>
<p>Please let all banks pay back the TARP money with the stipulation that forever and evermore they will not be given and taxpayers money or use of taxpayers to back there debt.</p>
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		<title>By: LeeAnne</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47526</link>
		<dc:creator>LeeAnne</dc:creator>
		<pubDate>Tue, 19 May 2009 15:52:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about-geithner-management-style-status-of-ppip/#comment-47526</guid>
		<description>What got my attention in the article:&lt;br /&gt;&lt;br /&gt;&quot;Wagoner&#039;s removal has been held up because senior Treasury officials have yet to decide &lt;b&gt;whether he should get the $20 million severance package&lt;/b&gt; that the company had promised him.&quot;&lt;br /&gt;&lt;br /&gt;Where are the details of this &lt;b&gt;&#039;promise&#039;&lt;/b&gt; –no longer a contract? promises will do? Follow the money. &lt;br /&gt;&lt;br /&gt;The disincentives in this kleptocracy to do a good job and show a profit or do any work at all are astounding.</description>
		<content:encoded><![CDATA[<p>What got my attention in the article:</p>
<p>&#8220;Wagoner&#8217;s removal has been held up because senior Treasury officials have yet to decide <b>whether he should get the $20 million severance package</b> that the company had promised him.&#8221;</p>
<p>Where are the details of this <b>&#8216;promise&#8217;</b> –no longer a contract? promises will do? Follow the money. </p>
<p>The disincentives in this kleptocracy to do a good job and show a profit or do any work at all are astounding.</p>
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		<title>By: LeeAnne</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47523</link>
		<dc:creator>LeeAnne</dc:creator>
		<pubDate>Tue, 19 May 2009 15:12:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about-geithner-management-style-status-of-ppip/#comment-47523</guid>
		<description>Isn&#039;t the FED now more than ipso facto independent of the US government?&lt;br /&gt;&lt;br /&gt;If so, isn&#039;t it important to restart the conversation on the that basis that the FED &lt;b&gt;is&lt;/b&gt; independent of Congress. Congress only pretends it isn&#039;t true with hearings the tone of which only reinforces their powerlessness. &lt;br /&gt;&lt;br /&gt;Geithner obfuscates and demonstrates his brazenness with all kinds of antics including running out the clock on Senators (when are they going to change the rules on this clock thing), actually insulting Congress and the American people in front of the TV cameras while Bernanke just says &#039;NO.&#039;&lt;br /&gt;&lt;br /&gt;I felt as personally insulted with Geithner&#039;s gongressional appearance performance as I did by Bush&#039;s treatment of reporters in front of the Washington press corp -both of them arrogant beyond belief. &#039;Hey, this is a dictatorship. When are you gonna&#039; give up?&#039; &lt;br /&gt;&lt;br /&gt;Restarting the conversation on the basis that the FED &lt;b&gt;is&lt;/b&gt; now independent, insiders may be willing to leak information knowing the information has a chance to lead the country in a different direction.&lt;br /&gt;&lt;br /&gt;In other words, we need a demonstrable change of consciousness regarding this mess Naomi Klein having lead the way with a lot of clues as to strategy.&lt;br /&gt;&lt;br /&gt;As long as the propaganda machine is allowed to go unchecked we get the leaders we deserve.&lt;br /&gt;&lt;br /&gt;Now the propaganda machine on an unimaginable scale is keeping the stock market going to mollify investors. Just as it was hoping to reelect repubs, the FED hopes to keep investors happy and erase &#039;entitlements&#039; with inflation. &lt;br /&gt;&lt;br /&gt;I&#039;m afraid the right wing is in charge here under Obama. What could be more right wing than private corporations owning taxpayer receipts and disbursing them at will while defanging the government.&lt;br /&gt;&lt;br /&gt;I am also reminded of Paulson&#039;s performance on bended knee before Pelosi so consonant with the performance of a mute Bush in front of school children while the cameras roll to show for all time that Bush had no communication with anyone with authority during or after the 9/11 incident.&lt;br /&gt;&lt;br /&gt;Its corny but it works.</description>
		<content:encoded><![CDATA[<p>Isn&#8217;t the FED now more than ipso facto independent of the US government?</p>
<p>If so, isn&#8217;t it important to restart the conversation on the that basis that the FED <b>is</b> independent of Congress. Congress only pretends it isn&#8217;t true with hearings the tone of which only reinforces their powerlessness. </p>
<p>Geithner obfuscates and demonstrates his brazenness with all kinds of antics including running out the clock on Senators (when are they going to change the rules on this clock thing), actually insulting Congress and the American people in front of the TV cameras while Bernanke just says &#8216;NO.&#8217;</p>
<p>I felt as personally insulted with Geithner&#8217;s gongressional appearance performance as I did by Bush&#8217;s treatment of reporters in front of the Washington press corp -both of them arrogant beyond belief. &#8216;Hey, this is a dictatorship. When are you gonna&#8217; give up?&#8217; </p>
<p>Restarting the conversation on the basis that the FED <b>is</b> now independent, insiders may be willing to leak information knowing the information has a chance to lead the country in a different direction.</p>
<p>In other words, we need a demonstrable change of consciousness regarding this mess Naomi Klein having lead the way with a lot of clues as to strategy.</p>
<p>As long as the propaganda machine is allowed to go unchecked we get the leaders we deserve.</p>
<p>Now the propaganda machine on an unimaginable scale is keeping the stock market going to mollify investors. Just as it was hoping to reelect repubs, the FED hopes to keep investors happy and erase &#8216;entitlements&#8217; with inflation. </p>
<p>I&#8217;m afraid the right wing is in charge here under Obama. What could be more right wing than private corporations owning taxpayer receipts and disbursing them at will while defanging the government.</p>
<p>I am also reminded of Paulson&#8217;s performance on bended knee before Pelosi so consonant with the performance of a mute Bush in front of school children while the cameras roll to show for all time that Bush had no communication with anyone with authority during or after the 9/11 incident.</p>
<p>Its corny but it works.</p>
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		<title>By: JP</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47519</link>
		<dc:creator>JP</dc:creator>
		<pubDate>Tue, 19 May 2009 14:22:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about-geithner-management-style-status-of-ppip/#comment-47519</guid>
		<description>Great post.  &lt;br /&gt;&lt;br /&gt;I will raise an objection to the Myer-Briggs characterization:  I don&#039;t think Geithner has revealed where he sits on the J vs P scale, so much as where he sits on the (non-Myer-Briggs) competent vs incompetent leadership scale.</description>
		<content:encoded><![CDATA[<p>Great post.  </p>
<p>I will raise an objection to the Myer-Briggs characterization:  I don&#8217;t think Geithner has revealed where he sits on the J vs P scale, so much as where he sits on the (non-Myer-Briggs) competent vs incompetent leadership scale.</p>
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		<title>By: frances snoot</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47509</link>
		<dc:creator>frances snoot</dc:creator>
		<pubDate>Tue, 19 May 2009 11:21:00 +0000</pubDate>
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		<description>Geithner is the Governor for the USA on the Board of Governors of the IMF for 2009.  I don&#039;t think he answers to Obama, and he doesn&#039;t have to worry about the White House.  Geithner may seem incompetent or flustered, but he is sharp and following the policies of the monied interests that put him in the positions of power he has attained.  Personality types?  Bankers have personalities?</description>
		<content:encoded><![CDATA[<p>Geithner is the Governor for the USA on the Board of Governors of the IMF for 2009.  I don&#8217;t think he answers to Obama, and he doesn&#8217;t have to worry about the White House.  Geithner may seem incompetent or flustered, but he is sharp and following the policies of the monied interests that put him in the positions of power he has attained.  Personality types?  Bankers have personalities?</p>
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		<title>By: Independent Accountant</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47505</link>
		<dc:creator>Independent Accountant</dc:creator>
		<pubDate>Tue, 19 May 2009 06:01:00 +0000</pubDate>
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		<description>Attempter:&lt;br /&gt;Your point about Geithner and Einstein is well taken.  Having seen Geithner on television, I have not been favorably impressed by his intellect.</description>
		<content:encoded><![CDATA[<p>Attempter:<br />Your point about Geithner and Einstein is well taken.  Having seen Geithner on television, I have not been favorably impressed by his intellect.</p>
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		<title>By: attempter</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47502</link>
		<dc:creator>attempter</dc:creator>
		<pubDate>Tue, 19 May 2009 04:50:00 +0000</pubDate>
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		<description>We kept hearing how Geithner was too busy to staff these positions, or that they couldn&#039;t find anyone who didn&#039;t have potential tax problems. (How pathetic and symbolic is that? That&#039;s what Obama gets for having lied about wanting to bring in Change.)&lt;br /&gt;&lt;br /&gt;Now it looks like Treasury was never meant to wield the real power, so the staffing woes looks less like a bug than a Bush-style feature.&lt;br /&gt;&lt;br /&gt;That would also help explain why a mediocrity like Geithner was appointed in the first place. (This piece contains another example of an assertion about how &quot;intelligent&quot; or even &quot;brilliant&quot; Geithner is. But it&#039;s axiomatic that the more you see declarative hype like this, the less true it&#039;s likely to be. No one ever felt the need to declare that Einstein was smart, because it was evident from his actions.)</description>
		<content:encoded><![CDATA[<p>We kept hearing how Geithner was too busy to staff these positions, or that they couldn&#8217;t find anyone who didn&#8217;t have potential tax problems. (How pathetic and symbolic is that? That&#8217;s what Obama gets for having lied about wanting to bring in Change.)</p>
<p>Now it looks like Treasury was never meant to wield the real power, so the staffing woes looks less like a bug than a Bush-style feature.</p>
<p>That would also help explain why a mediocrity like Geithner was appointed in the first place. (This piece contains another example of an assertion about how &#8220;intelligent&#8221; or even &#8220;brilliant&#8221; Geithner is. But it&#8217;s axiomatic that the more you see declarative hype like this, the less true it&#8217;s likely to be. No one ever felt the need to declare that Einstein was smart, because it was evident from his actions.)</p>
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		<title>By: bob</title>
		<link>http://www.nakedcapitalism.com/2009/05/washington-post-raises-doubts-about.html#comment-47501</link>
		<dc:creator>bob</dc:creator>
		<pubDate>Tue, 19 May 2009 04:45:00 +0000</pubDate>
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		<description>Why do they even need this PPIP anymore?  The announcement of the program alone served the purpose of the program.  &lt;br /&gt;&lt;br /&gt;The announcements made those assets worth something.</description>
		<content:encoded><![CDATA[<p>Why do they even need this PPIP anymore?  The announcement of the program alone served the purpose of the program.  </p>
<p>The announcements made those assets worth something.</p>
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