Treasury Secretary Timothy F. Geithner, the last member of the Obama administration’s original economic team, said he doesn’t expect to remain in office if the president is re-elected.
“He’s not going to ask me to stay on, I’m pretty confident,” Geithner said in an interview with Bloomberg Television yesterday in Charlotte, North Carolina. “I’m confident he’ll be president. But I’m also confident he’s going to have the privilege of having another secretary of the Treasury.”
Awesome. The Fed’s people are becoming a big liability to politicians, especially ones like Tim Geithner who was heavily involved in orchestrating the financial bailouts, and has had some issues with paying his taxes as well, exemplifying the culture of privilege and corruption in finance, as well as the “revolving door” between big finance and big government, Wall Street and Washington. The Federal Reserve and its puppet masters are finally the target of public outrage. Even the fact that they’re the target of public awareness is a sea change for monetary policy in America.
Now back to the good news:
Read the rest of my article at The Silver Underground.
Editor in Chief, THL
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