Wonkette
Mmm, what a tasty way to start a Tuesday morning — with reports of an obscenity-laden tussle between government money nerds over the very sexy topic of bank regulation! Here is what you need to know: Tim Geithner wants a single authority called the National Bank Supervisor providing oversight over our nation’s many banks, and Sheila Bair opposes this consolidation. On Friday, Geithner gathered Bair and Ben Bernanke and Mary Schapiro, the SEC Chairman, to quit running their yaps to newspapers about how much they hated all his ideas.
At a tense, hour-long meeting on Friday, Geithner told Bair, Federal Reserve Chairman Ben Bernanke and Securities and Exchange Commission Chairman Mary Schapiro to end recent public criticism of the administration’s plan and stop airing concerns over their potential loss of authority.
The Wall Street Journal, which first reported the meeting, said Geithner vented frustration over the plan’s slow progress and told regulators that “enough is enough.”
Citing people familiar with the meeting, the newspaper also said Geithner used obscenities and took an aggressive stance in his dressing down of the regulators.
…Which did not stop Bair from pissing all over him in prepared testimony to be delivered to the Senate Banking Committee today. BALLS OF STEEL.
Bank regulators dig in against Obama shake-up [Reuters]
He had me at obscenities! I love a man that can curse like a sailor.
I first read it as, “took an aggressive stance in his dressing gown” which completely ruined the effect.
Wow. Timmay gettin’ all Joe Pesci. Let it rip!
Geithner has been spending a lot of time with Rahmbo. It was bound to rub off.
“Tim Geithner wants a single authority called the National Bank Supervisor providing oversight… ‘
Isn’t National Bank Supervisor the most dickless-sounding entity ever? Unless this ‘oversight’ includes the use of shackles and ball gags, there’s little to hope for with this scheme.
Don’t they run the yaps in pamplona?
I think my god damned Geithner blingee is quite fucking fitting:
http://image.blingee.com/images16/content/output/000/000/000/565/444908974_1191336.gif
Was the name “Bank Czar” taken?
Dey took errr jobzzzzz!!!!
Geithner’s crankiness is understandable; he was awoken with the troubling news that there was some spare money sitting around that hadn’t been given away in an orgiastic, unregulated display to ungrateful bankers.
lionboy: I agree. Let them retitle the position “National Bank Inquisitor,” and channel the ghost of Cardinal Richelieu.
…hearing about these guys getting all heated over banking reform is for me the equivalent of watching two “Trekkies” debate who whas the best captain of the Enterprise! And by the way it is Captain Picard!!!
I want to know how all this honors the troops while not dissing Trig.
“Hi, Sheila. What’s happening? We need to talk about you talking so much shit.”
“Yeah. The bitch mouth. I know, I know. Uh, Rahm talked to me about it.”
“Yeah. Did you get that memo?”
Yeah. I got the memo. And I understand the policy. And the problem is just that I think you’re kind of a hack. Who looks a lot like a bootleg Tony Goldwyn. You know, the B-list actor?
Anyway we’re all fucked after the asteroid hits so it’s not even really a problem anymore.
“Ah! Yeah. It’s just we’re all gonna pretend to be cohesive and competent now. So if you could go ahead and try to remember to do that from now on, you Harpy traitor, that’d be great. All right!
…now that I think about it; this doesnt do anything to prove that Barack HUSSEIN Obama is in fact a secret Mooslim Nazi born in a back-alley abortion clinic in “Zanzibar” Kenya!?!??! SKS you FAIL!!!!1!!
How do finance guys curse, exactly? Do they call upon Adam Smith’s invisible hand to grab your crotch?
El Pinche: Needs more “Playa Hater” bling, altho the skull kerchief is a nice touch. +1.
Part of what Geithner said: I’m sick of this bullshit about who is responsible for making final goddamned determinations pursuant to regulations regarding the fucking assessment of risk classification and the fucking assessment payment calculation of insured depository institutions.
At least according to one informed source.
took an aggressive stance in his dressing down of the regulators.
Larry Craig and well, heck, lots of Republicans tried that approach already. And look where they are.
Someone just saw “In the Loop”.
WadISay:
How do finance guys curse, exactly? Do they call upon Adam Smith’s invisible hand to grab your crotch?
I think it’s more like “You.. you… unbalanced checkbook!”
You know, things that THEY would find really obscene. Which is just what I was thinking, before images of drunken sailors dance in our heads, might want to find out what he actually said.
Fuck Timmeh. They know he helped cause the mess so he has zero moral authority. Not to mention that whatever regulatory scheme he’s come up with probably gives Goldman Sachs veto power over whatever parts they don’t like. Plus nobody wants to take orders from a Goldman Sachs stooge who can’t even sell his own house.
Hmm…my mental picture of this show of ferocity from Oppie:
“ummm, yeah, I’m going to need to stop saying you don’t agree with the administration position..and about those TPX reports…”
I just ain’t buying that this was a Gunnery Sergeant Hartman-style ass ripping.
donner_froh:
Jeebus! Give us warning first next time. K?
The FDIC has done a great job throughout this mess — its only shortcoming is that it always seems to be in danger of running out of money. The Office of Thrift Supervision, on the other hand, was the regulatory agency that oversaw AIG right into the toilet — and they were in way over their heads. But is the answer to give Geithner the authority to override everyone else? That’s like giving a crack ho a hundred dollar bill and asking her to buy you a pack of smokes and bring back the change.
I refuse to take seriously a guy who styles his hair in an overly-puffy way, so as to (unsuccessfully)camouflage his receding hairline. Is this the 2009 version of a comb-over? Give it up Geithner!! Just go bald already and be done with it.
I’m wondering what this aggressive stance looks like. Two hands on hips and a frown? One hand on his hip and a wagging finger? Extended index finger? Two extended index fingers? Or maybe he gave them a (gasp) Dick Cheney?
Geithner is a douche who failed at everything he’s ever done. Dumbest hiring move Obama made to date.
Bair, on the other hand, is totally badass and not beholden to any bank.
memzilla: Better go full Torquemada. Bare feet and all.
Stop using those fucking obscenities, asshole!
Geithner is right on this one–and Bair should know better. She’s a part of Obama’s team, and whether she agrees or not, she works for Obama, who appoints people in her post. That’s part of being a team player. So she should join the team, or quit.
Geithner is the Rodney Dangerfield of the Obama administration.
hobospacejunkie: word. Timmah is the boy all the bullies picked on and now he is gettin his revenge while he has the power of the mighty Hopey backing him up.
Oh Barry, please, I know your mom worked with Timmys dad-but drop this stupid little prick already. Geithner and Summers are gonna wreck your presidency.
And once again Timmeh is wondering why the hell he ever left Rivendell in the first place.
thefrontpage: I agree that the administration needs to present a united front, but since I know next to nothing about the intricacies of banking reform, I have to go by the people pushing it. Geithner is a tool and Bair has been right about many things for many years. Hence my conclusion that Bair should keep on yappin’.
“Fuck you guys! You suck! Just for that you get TWO oversight authorities! Oh, and audits ALL-A-FUCKING-ROUND!”
thefrontpage: Yes. The Bush model of having a cadre of yes-men support you at all times is really the best model for governance. Independent thinkers just cause confusion.
eclecticbrotha: Nyuk yr yaaa!!!
thefrontpage: No offense, but you’re a fucking idiot.
Future of a Nation that can not trust the Government & Propaganda Media?
How many times has the Government & Propaganda Media lied to you?
Chronic lying as career path or intellectual prostitution for paycheck?
Gravel Kucinich Paul Nader McKinney Ventura Sheehan Kaptur.
Fool me once shame on you, fool me twice shame on me.
Poodles, Puppets, Sham debates, Scam elections.
9/11 liars, AIPAC liars, Federal Reserve liars.
Speak no evil, hear no evil, see no evil?
Greed & corruption or conscience?
Leaks from Whistleblowers.
perotcharts.com
I’m with Bair on this one. Her agency was one of the few that wasn’t bought and paid for by the banks. She’s been running a pretty clean operation, so she doesn’t deserve to be yelled at by Timmy “I’ve got a Severe Napoloean Complex” Geithner. The hairstyle isn’t to hide a receeding hairline, but to give him an extra inch in height.
Geithner used obscenities? Ooooo….I’m telling his daddy!