March 2009

It's just crossing now as I watch Treasury Secretary Timothy Geithner testify in front of House Financial Services, that Congress wants him to will have to turn over all documents tied to American International Group.   It will be all of the communication between himself, Edward Liddy, the Fed, and all respective staff. We are already at the "let's investigate" phase of the bonus bonanza ... read more

I can only write a few choice words here, but you get the idea of what I am saying here.  This is getting ridiculous.  The fervor pitch from Washington, the constant barrage of greedy fat cat x and y this and that.  Why are folks so determined to punish and/or ruin anyone that works in or even near a bank or financial institution? I have friends here in New York, and they are good people, ... read more

1) Calls for Treasury Secretary Geithner to be fired This is the wrong time to replace a Treasury Secretary, no matter how much you disagree or just plain hate him. By removing him, or even continuing to call for his resignation (like members of Congress and the public are doing) you are further eroding investor confidence, extending the economic downturn, ... read more

I found myself again on the other side of the argument with regards to Treasury Secretary Tim Geithner today.  Last night I went on Hannity on FNC, and found myself defending the man.  I will do it again now. I think he has made some errors in judgement with regards to his tax return and the AIG mess.  I also think he's been on the job for only a few weeks and it's too soon to demand his ... read more

We had a laugh this morning at our morning meeting at the expense of Citigroup.  They say they don't need more government aid, and they would remain private.  I want them to remain private, but it's hard to consider them private these days since  the American taxpayer owns 36% of them. Richard Parsons told Reuters Citigroup is now one of the better capitalized banks in the world.  The laugh ... read more